MesoCoat Inks Cooperation Agreement with Petrobras

Abakan Inc. announced that MesoCoat, Inc., a portfolio company, has signed a Cooperation Agreement with Petroleo Brasileiro S.A. (Petrobras), to develop and qualify MesoCoat's CermaClad process for the application of CRA (corrosion resistant alloys) to the internal and external surfaces of pipes using proprietary High Density InfraRed (HDIR) lamp technology.
It is in the interest of both Petrobras and MesoCoat to promote such activities.
Abakan invests in companies that develop transformational surface modification solutions and technologies.
Petroleo Brasileiro S.A. (Petrobras) is an integrated oil and gas company headquartered in Rio de Janiero, Brazil.
Source: Press release