MesoCoat
{{Infobox company
| name = MesoCoat
| logo =
| type =
| foundation =
| company_slogan =
| location = Euclid, Ohio, U.S.
| num_employees =
| products = nanocomposite metal and ceramic coating
| revenue =
| operating_income =
| net_income =
| homepage =
}}
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.
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.{{cite web|title=ORNL in the News|url=http://www.ornl.gov/info/library/ornlnews/archive071111.shtml|publisher=Oak Ridge National Laboratories|accessdate=26 February 2013}}
In 2009, Abakan, Inc. acquired a controlling interest in MesoCoat.{{cite web|title=Abakan Invests in MesoCoat|url=http://www.cermaclad.us/pr_121009.html#.USzqY-tNYhx|publisher=MesoCoat, Inc.|accessdate=26 February 2013}}
In 2011, MesoCoat signed a cooperation agreement with Petrobras to help verify the effectiveness of the CermaClad™ process and finance an Euclid plant.{{cite web|title=Petrobras/MesoCoat Cooperation Agreement|url=https://www.sec.gov/Archives/edgar/data/1400000/000121152412000037/exhibit1020.htm|publisher=SEC|accessdate=26 February 2013}}
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.{{Cite web|url=https://www.sec.gov/Archives/edgar/data/1400000/000155116315000215/f8kseidenreceivervedgar2.htm|title=Employment Agreement form|website=www.sec.gov|access-date=2019-04-10}}
Technology
MesoCoat synthesizes and assembles non-oxide ceramic matrix component nanoparticles into coating solutions. Its coatings provide wear and corrosion protection to metallic surfaces.{{cite news|title=Manufacturing Technology|url=https://www.wsj.com/articles/SB10000872396390444024204578046912524088492|accessdate=26 February 2013|newspaper=Wall Street Journal|date=16 October 2013}}
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 {{cite web |url=http://www.jumpstartinc.org/Communications/JumpStartReleases/Archive/Details.html?NewsID=609 |title=News: JumpStart Invests in MesoCoat – a Nanocomposite Coatings Company - JumpStart Inc |accessdate=2010-04-29 |url-status=dead |archiveurl=https://web.archive.org/web/20100625233416/http://www.jumpstartinc.org/Communications/JumpStartReleases/Archive/Details.html?NewsID=609 |archivedate=2010-06-25 }} and equity financing.{{Cite web | url=http://www.nanotech-now.com/news.cgi?story_id=35905 | title=Nanotechnology Now - Press Release: Abakan Invests in Nanocomposite Ceramic-Metallic Coatings Technology and Completes Private Placement}}
Facilities
MesoCoat broke ground on its first commercial plant in Euclid, Ohio in 2011.{{cite news|title=Mesocoat breaks ground on new manufacturing plant|url=https://portal.luxresearchinc.com/research/tidbit_excerpt/7835|accessdate=26 February 2013|newspaper=Lux Research Analyst Insight|date=11 April 2011}} The plant is forecast to begin production in early 2013.{{cite news|last=Soder|first=Chuck|title= Home MesoCoat's metal cladding plant in Euclid is first step in growth plan|url=http://www.crainscleveland.com/article/20130114/SUB1/301149982|accessdate=26 February 2013|newspaper=Crain's Cleveland Business|date=14 January 2013}}
Awards
MesoCoat CermaClad™ and related processes
| class="wikitable" | ||
| 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
| class="wikitable" | ||
| Year | Organization | Honor |
|---|---|---|
| 2000 | R&D Magazine | R&D 100 |
| 2012 | R&D Magazine | R&D 100 |
MesoCoat ZComP™ and related processes
| class="wikitable" | ||
| Year | Organization | Honor |
|---|---|---|
| 2007 | R&D Magazine | R&D 100 |
Notes
{{reflist}}
External links
- http://www.mesocoat.com/
- [https://www.bestnetreview.com/best-ceramic-coating-for-cars/ Best Ceramic Coating for Cars]
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.
- [https://www.forbes.com/feeds/prnewswire/2010/02/15/prnewswire201002151707PR_NEWS_USPR_____DC55074.html Forbes.com]{{dead link|date=January 2025|bot=medic}}{{cbignore|bot=medic}}
Category:Manufacturing companies based in Ohio