MesoCoat
MesoCoat, Inc. is a Euclid, Ohio-based equity-backed company providing metal protection and repair. MesoCoat develops and provides wear and corrosion solutions using surface engineering technologies, serving Oil and Gas, Aerospace, Energy, Infrastructure, and other markets.
| Headquarters | Euclid, Ohio, U.S. |
|---|---|
| Products | nanocomposite metal and ceramic coating |
| Website | www |
History
MesoCoat was spun out of advanced materials company Powdermet, Inc. in 2007 to be an independent firm. One of the core technologies acquired and licensed for MesoCoat's start-up phase was developed at the Department Of Energy's Oak Ridge National Laboratory.[1]
In 2009, Abakan, Inc. acquired a controlling interest in MesoCoat.[2]
In 2011, MesoCoat signed a cooperation agreement with Petrobras to help verify the effectiveness of the CermaClad™ process and finance an Euclid plant.[3]
In 2015, Abakan, Inc. acquired 100% of MesoCoat, Inc.
Mesocoat was put into receivership in 2015 by U.S. Federal Court Judge Denise Cote of the Southern District of New York. Judge Cote appointed Robert W. Seiden as Receiver who steered the company to settlement of a dispute with its creditors and resolved a litigation.[4]
Technology
MesoCoat synthesizes and assembles non-oxide ceramic matrix component nanoparticles into coating solutions. Its coatings provide wear and corrosion protection to metallic surfaces.[5]
Operations
MesoCoat is owned by an investment group.
Since 2007, MesoCoat has funded its primary research and development activities through government grants, third-party licensing arrangements, and venture [6] and equity financing.[7]
Facilities
MesoCoat broke ground on its first commercial plant in Euclid, Ohio in 2011.[8] The plant is forecast to begin production in early 2013.[9]
Awards
MesoCoat CermaClad™ and related processes
| Year | Organization | Honor |
|---|---|---|
| 2004 | R&D Magazine | R&D 100 |
| 2011 | R&D Magazine | R&D 100 |
| Forbes | #50, America's Most Promising Companies | |
| 2012 | Wall Street Journal | #1 Manufacturing Company, Technology Innovation Awards |
| Nortech | Nortech Innovation Awards |
MesoCoat PComP™ and related processes
| Year | Organization | Honor |
|---|---|---|
| 2000 | R&D Magazine | R&D 100 |
| 2012 | R&D Magazine | R&D 100 |
MesoCoat ZComP™ and related processes
| Year | Organization | Honor |
|---|---|---|
| 2007 | R&D Magazine | R&D 100 |
Notes
- "ORNL in the News". Oak Ridge National Laboratories. Retrieved 26 February 2013.
- "Abakan Invests in MesoCoat". MesoCoat, Inc. Retrieved 26 February 2013.
- "Petrobras/MesoCoat Cooperation Agreement". SEC. Retrieved 26 February 2013.
- "Employment Agreement form". www.sec.gov. Retrieved 2019-04-10.
- "Manufacturing Technology". Wall Street Journal. 16 October 2013. Retrieved 26 February 2013.
- "News: JumpStart Invests in MesoCoat – a Nanocomposite Coatings Company - JumpStart Inc". Archived from the original on 2010-06-25. Retrieved 2010-04-29.
- "Nanotechnology Now - Press Release: Abakan Invests in Nanocomposite Ceramic-Metallic Coatings Technology and Completes Private Placement".
- "Mesocoat breaks ground on new manufacturing plant". Lux Research Analyst Insight. 11 April 2011. Retrieved 26 February 2013.
- Soder, Chuck (14 January 2013). "Home MesoCoat's metal cladding plant in Euclid is first step in growth plan". Crain's Cleveland Business. Retrieved 26 February 2013.
External links
References
- http://www.crainscleveland.com/article/20091230/FREE/912309975
- http://www.rdmag.com/News/2010/04/R-D-100-Awards-Technology-that-rolls-on-from-pharma-to-space-travel/: Most recently, Abakan Inc., an industrial surface modification company, has just acquired 34% ownership in MesoCoat Inc., which has developed an environmentally friendly, durable ceramic-metallic coatings that help extend oil pipeline and bridge lifetimes from 20 to 100 years. These coatings have been the recipient of several R&D 100 Awards.
- Forbes.com