MIAMI — (BUSINESS WIRE) — July 23, 2012 — Abakan Inc. (OTCQB “ ABKI”) (“Abakan”) today announced the appointment of business and political consultant Morris Reid to its Board of Advisors. Morris brings significant value through his experience as a strategic advisor to many Fortune 500 companies, and his vast network across the globe particularly in the U.S., Brazil, and Middle East.
Morris Reid joined BGR Group, a lobbying firm, as Managing Director in 2008 through BGR’s acquisition of his consulting and public affairs firm, Westin Rinehart. Morris has worked with high-profile individuals, government officials and corporate executives in the successful resolution of complex and high-level political and corporate issues for more than 15 years. He is adept at fostering business development programs and specializes in launching partnerships that meld brand building, coalition advocacy and effective public affairs and issue management strategies.
As the Managing Director of Westin Rinehart, Morris has consulted and provided counsel to the leaders of many Fortune 500 companies. He also served as a Clinton administration senior staff aide to the late Commerce Secretary Ronald Brown and Housing Secretary Andrew Cuomo. Additionally, Morris was the director of Vice President Al Gore's office at the 1996 Democratic Convention and Deputy Director of Vice Presidential Operation for Clinton/Gore '96.
In the 2008 presidential campaign, Morris was one of several senior Democratic strategists utilized by the Obama campaign to engage the mainstream media.
“I was fascinated by the technologies that are being both developed and commercialized by Abakan, Inc., said Morris Reid. “I look forward to helping Abakan, Inc. continue to grow and reach new markets as they expand globally.”
About Abakan Inc.
Abakan, Inc. is a publicly listed acquisition company that provides critical financial, management and intellectual support to innovative companies and technologies for realizing their true market potential. Abakan invests in companies that have developed transformational technologies on the cusp of commercialization. Abakan is the largest shareholder in MesoCoat and Powdermet, each of which is a nanotechnology material science company involved in technology development and commercialization. MesoCoat is focused on metal asset protection and life extension by providing advanced wear and corrosion solutions, while Powdermet is focused on metal formulations as well as advanced energy management solutions. MesoCoat was recently recognized by Forbes as one of ‘ The Most Promising American Companies’ and was the highest ranked material science and nanotechnology company. MesoCoat is also the recipient of four prestigious R&D 100 awards, a Technology Innovation Program Award (TIP) for 100 year life coatings by the National Institute of Standards and Technology (NIST), two NorTech Innovation Awards for breakthrough materials and surface engineering solutions, and several other federal and state grants and awards. Powdermet is a nationally recognized nanotechnology and advanced materials research and development organization that has won approximately 100 federal and state awards, along with being a recipient of several technology innovation awards like R&D 100 and NorTech Innovation Award.
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 and Form 10-Q. Abakan’s public filings may be viewed at www.sec.gov.