LAS VEGAS, NV -- (Marketwired) -- 10/04/13 --
American Graphite Technologies Inc. ("AGIN" or the "Company") (OTCBB: AGIN) and (BERLIN: A8G) (WKN:A1KBDQ/ISIN:US02640K1079) announces receipt of final approval from the Science and Technology Centre Ukraine (STCU) for the startup of its project, dubbed P600. The project was granted live status on October 1, 2013.
Project P600 is a collaboration between the Company and the Kharkov Institute of Physics and Technology in Kharkov, Ukraine.
The project is designed to research the properties of nanocarbon contained matter as a working material for 3D printing. The project team will consist of 8 scientists and PhDs with experience in the fields of nanotechnology, 3D printing, solid state physics, physical materials and thermal physics.
The mandate of the project is to research the properties of materials containing nanostructured carbon, primarily graphene, to research the existing and prospective methods of 3D printing and analyze the possibility of applying the techniques to create 3D objects using nanocarbon material.
"I am very excited about the startup of Project P600. During the next few days I will be meeting with the project manager to discuss the various avenues his team will explore with respect to using graphene and nanocarbon materials in 3D printing. We have some exciting ideas and if successful, we hope that our developments could open up new and innovative products for the marketplace," stated Rick Walchuk, CEO. "Now that we have the approval from the project administrator (STCU) we will be gearing up and starting immediately on the project."
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.