Press Releases

Abakan Announces Financing

August 20, 2014

MIAMI (GLOBE NEWS WIRE) – Abakan Inc. (OTCQB: ABKI) (“Abakan”) an emerging leader in the advanced coatings and metal formulations markets, today announced that the Company’s board of directors, has determined to initiate a private placement of up to eighteen million seven hundred and fifty thousand (18,750,000) shares of its restricted common stock, at a price of $0.40 a share, for anticipated gross proceeds of up to seven million five hundred thousand dollars ($7,500,000), to support ongoing operations, retire outstanding debt and bolster product development. The prospective private placement is scheduled to close on September 15, 2014.  Full subscription to the anticipated proceeds would result in the new shareholders having 21.5% of the Company’s outstanding shares.

Proceeds will be used to pay off or convert over $4.2 million in debt and to provide the working capital needed to progress the development of the Company’s Cermaclad™ coating process for the oil and gas, and mining sectors to longer sections of pipe than had been previously accomplished, and to complete an expanded product launch for PComP™ coatings. The PComP™ expansion includes a financing commitment from the State of Ohio to match the Company’s PComP™ expenditures. Our resulting balance sheet and production scale-up will position the Company for renewed growth.

About Abakan Inc.
Abakan develops, manufactures, and markets advanced nanocomposite materialsinnovative fabricated metal products and highly engineered metal composites for applications in the oil and gas, petrochemical, mining, aerospace and defense, energy, infrastructure and processing industries. Abakan’s technology portfolio currently includes high-speed, large-area metal cladding technologylong-life nanocomposite anti-corrosion and wear coating materials. Abakan's products have demonstrated longer life, higher productivity and extremely high strength-to-weight ratios compared to competing technologies. The Abakan group of companies has been honored by The Wall Street Journal as the #1 Manufacturing Innovation across the globe, by Pipeline Industries Guild as the Top Subsea Pipeline Technology, by Forbes as the #1 Most Promising Material Science Company in the United States, by American Metals Market with the Steel Excellence Award, by Inc. 500 as one of the Fastest Growing Manufacturing Company in the U.S., and has received numerous other trade, industry and technology awards including five R&D 100 Awards and a Technology Innovation Award from the National Institute of Standards and Technology. Over $50 million has been invested in product development and testing by federal agencies, national labs and our companies in order to deliver products that offer improved performance over the current state of art. Abakan has successfully introduced its metal coatings for metal asset protection and life extension in the oil and gas and mining industries, and is currently focusing on the scale-up and commercialization of its highly disruptive metal cladding products for the oil and gas, oil sands, and mining industries. Abakan currently operates from multiple locations in United States, and intends to expand global operations in Latin America, Canada and Asia.

Forward-Looking Statements
A number of statements contained in this press release are forward-looking statements. These forward looking statements involve a number of risks and uncertainties including technological obsolescence, market acceptance of future products, competitive market conditions, and the sufficiency of capital resources. The actual results Abakan may achieve could differ materially from any forward-looking statements due to such risks and uncertainties. Abakan encourages the public to read the information provided here in conjunction with its most recent filings on Form 10-K,Form 10-Q and 8-K. Abakan’s public filings may be viewed at

Abakan Inc.
Robert Miller, Chief Executive Officer
Phone: 786-206-5368
Email: [email protected]

Investor Relations
Surety Financial Group, LLC
Phone: 410-833-0078

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