Abakan Announces Interim CFO
(firmenpresse) - MIAMI, FL -- (Marketwired) -- 05/28/15 -- (OTCQB: ABKI) ("Abakan"), an emerging leader in the advanced coatings and metal formulations markets, reports that Costas M. Takkas, its CFO has been detained in Switzerland, based on an indictment issued by the U.S. District Court, Eastern District of New York charging him with certain activities unrelated to his position with Abakan. Based on this development, Abakan has suspended Mr. Takkas from undertaking any further responsibilities as its CFO. Robert Miller, Abakan's CEO will now also act as interim CFO.
The Company will remain loyal to operating under the highest standards of ethics and integrity.
develops, manufactures and markets , and for applications in the oil and gas, petrochemical, mining, aerospace and defense, energy, infrastructure and processing industries. technology portfolio currently includes , and . Abakan's products have demonstrated longer life, higher productivity and extremely high strength-to-weight ratios compared to competing technologies. The Abakan group of companies has been honored by The Wall Street Journal as the ; by Pipeline Industries Guild as the Top Subsea Pipeline Technology; by Forbes as the ; by American Metals Market with the ; by Inc. 500 as one of the ; and has received numerous other trade, industry and technology awards including and a from the National Institute of Standards and Technology. Over $50 million has been invested in by federal agencies, national labs and our companies in order to deliver products that offer improved performance over the current state of art. Abakan has introduced its for metal asset protection and life extension to the oil and gas and mining industries, and is currently focused on the scale-up and commercialization of its products for the oil and gas, oil sands, and mining industries. Abakan currently operates from multiple locations in United States and in Canada.
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, Form 10-Q and 8-K. Abakan's public filings may be viewed at .
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Robert Miller
Chief Executive Officer
Phone: 786-206-5368
Email:
Surety Financial Group, LLC
Phone: 410-833-0078
Email:
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Datum: 28.05.2015 - 12:00 Uhr
Sprache: Deutsch
News-ID 396406
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