Abakan, Inc. Selected For Funding By NASA


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OTC:BB:ABKI / OTC:BB:LQMT / PK:GLGT
06/02/2014 [ACCESSWIRE]

Abakan, Inc. (OTCQB: ABKI) saw its share volume surge on May 30th with 287,090 shares exchanging hands, over eight times higher than its three month daily average volume of 33,768 shares.

 

This uptick in volume comes after Abakan, an emerging leader in the advanced coatings and metal formulations markets, announced last week that its majority owned subsidiary, MesoCoat Inc. ("MesoCoat"), had two separate technology proposals selected for funding by NASA, under its Small Business Innovation Research (SBIR) program, over thousands of competing proposals. The NASA funding will enable MesoCoat to advance the development of two unique coatings solutions: 1) advanced coatings that self-lubricate to minimize friction and wear in extreme environments, and; 2) advanced nanocomposite coatings that can withstand extreme heat and facilitate high heat transfer for an extended period of time. MesoCoat has secured $4.6 million in awards and low interest loans from federal and state agencies in just the past 3 months. The current NASA funding enhances MesoCoat's ability to scale-up commercialization efforts and continue the development of our product portfolio.

 

Mr. Miller, Abakan's CEO, stated that "this funding further strengthens MesoCoat's relationship with NASA in developing and commercializing ground breaking material science solutions. The bigger picture is that the self-lubricating and heat-resistant coatings we expect to develop with this funding will not be limited to aerospace and nuclear uses but will include a wide variety of applications in the oil and gas, petrochemical, power and infrastructure industries, since friction wear and heat conservation is a major problem for several industries. Based on best estimates guided by research reports, published information, and independent research, the combined market for self-lubricating coatings and heat-resistant coatings is estimated to be approximately $500 million annually."

 

ABKI closed the day at $1.29 on May 30th, 17.27% higher than its previous close of $1.10.

 

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Liquidmetal Technolgies In Sees Share Volume Skyrocket

 

Liquidmetal Technologies, Inc. (OTCQB: LQMT) saw its share volume skyrocket on May 30th with 24,110,380 shares exchanging hands, four time higher than its three month daily average volume of 5,794,530 shares.

 

Just last week, Liquidmetal Technologies had recently participated in a development project with Jet Propulsion Laboratory (JPL) to demonstrate the properties of amorphous alloys in mechanical devices that transfer or transform force, motion, or energy to another point through elastic deformation.

 

Designed by JPL and LQMT, bistable flexural mechanisms were fabricated at Visser Precision Cast, LLC (VPC) by injection molding of LM-001B alloy into a split mold cavity under an inert environment. When tested in a load frame the LM-001B mechanisms displayed bistability, successfully showing a clear intermediate unstable point while having a two-fold increased factor of safety when compared to those made of titanium (Ti-6-4).

 

Liquidmetal Technologies, Inc. is the leading developer of bulk alloys and composites that utilize the performance advantages offered by amorphous alloy technology. Amorphous alloys are unique materials that are distinguished by their ability to retain a random structure when they solidify, in contrast to the crystalline atomic structure that forms in ordinary metals and alloys. Liquidmetal Technologies is the first company to produce amorphous alloys in commercially viable bulk form, enabling significant improvements in products across a wide array of industries.

 

LQMT closed the day at $.242 on May 30th, 28.72% higher than its previous close of $.188.

 

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Global General Technologies Sees Strong Share Volume

 

Global General Technologies, Inc. (OTCPINK: GLGT) saw very strong share volume on May 30th with 83,006,572 shares exchanging hands.

 

With no recent news on the company, one can only speculate why this uptick in volume occurred, but here is what is known about the company:

 

Global General Technologies Inc. operates one main subsidiary: AB (Wuhan) Biotech Co. Ltd.AB (Wuhan) Biotech Co. Ltd. is committed to developing, commercializing and popularizing advanced In Vitro Diagnostic (IVD) kits/devices to improve human health.

 

The company's primary business is to design, develop, patent and market home-applicable diagnostic test kits and portable diagnostic devices related to cardiovascular diseases and infectious diseases, specifically for the early detection of acute myocardial infarction (AMI), AIDS and others.

 

GLGT closed the day at $.0058 on May 30th, 38.1% higher than its previous close of $.0042.

 

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