LAS VEGAS, NV -- (Marketwired) -- 10/25/13 --
American Graphite Technologies Inc. ("AGIN" or the "Company") (OTCBB: AGIN) and (BERLIN: A8G) (WKN:A1KBDQ/ISIN:US02640K1079) announces it has remitted funds to the Science and Technology Center Ukraine ("STCU") covering the first year of research and development for its 3D graphene project, dubbed P-600.
The scope of the project will research the properties of nanocarbon contained matter (graphene) as a working material for 3D printing. The project will be a partnership between AGIN, Science and Production Establishment "Renewable Energy Sources and Sustainable Technologies" ("RESST") National Science Center "KIPT" National Academy of Science of Ukraine and Institute of Solid State Physics and Material Science National Science Center "KIPT" National Academy of Science of Ukraine. The project will be administered by The Science and Technology Center in Ukraine (STCU).
The scientific team will consist of 10 scientists (5 PhDs; 4 former weapons scientists and 1 PhD student). The expertise of the team will include the fields of nanotechnology, 3D printing, solid state physics, physical materials and thermal physics.
"I am very pleased to announce that the 3D project we have undertaken in Ukraine is fully funded for the term of the one year agreement," stated Rick Walchuk, CEO. "Our project manager has the funds, and the green light, to start the project immediately. I am currently in Ukraine going over the scope of the project with our project team and hope to have further announcements shortly."
For more information visit the website at www.americangraphitetech.com
About American Graphite Technologies Inc.
American Graphite Technologies Inc. (OTCBB: AGIN) is a mineral exploration and technology development company that is listed on a US Stock Exchange where the Company's ticker symbol is AGIN and on the Berlin Stock Exchange under the following symbol: A8G (WKN:A1KBDQ/ISIN:US02640K1079). By concentrating on securing graphite mining opportunities and the commercialization of graphene specific proprietary technology methods, management is seeking to bring profitable opportunities and maximize shareholder value. Graphene has been described as the "miracle material" of the 21st Century and is believed to be stronger than steel and more conductive than copper while being flexible, making it plausible as a replacement over silicon possibly leading to thinner, faster, cheaper, more flexible devices including power sources. Since graphene comes from the carbon atom it is abundant and cheap. In 2010 the Nobel Prize in Physics was awarded to Andre Geim and Konstantin Novoselov for groundbreaking experiments regarding graphene. Advances in alternative energy technologies are driving demand for strategic materials like graphite that have recently evolved from industrial demands to include high tech uses as nations focus on encouraging the development of new domestic markets for clean and efficient energy alternatives, smart grid infrastructure and military capabilities.