LAS VEGAS, NV -- (Marketwire) -- 03/12/13 -- American Graphite Technologies Inc. (OTCBB: AGIN) ("American Graphite" or the "Company") is pleased to provide an update on its recent corporate developments.
On January 25th 2013, the Company announced it has entered into a strategic partnership with a private US company CTI Nanotechnologies LLC. ("CTI") to further the development and commercialization of Graphene Paper. American Graphite has provided its initial funding as laid out in the agreement with CTI and will provide updates as they occur. CTI is working on the development and commercialization of Graphene Paper. The initial funding received by CTI from the Company will be used to acquire test and manufacturing equipment to enhance CTI's existing facility located in Vermont with the goal of developing a prototype production machine that makes Graphene Paper in larger and more affordable sizes than currently available.
Currently Graphene Paper is available only in limited sizes, it is relatively expensive and making it is very time consuming.
Potential applications for Graphene Paper include:
•Computer and television displays •Electrical shielding •Reinforcing material for manufacturing cars, boats, airplanes and machinery •Lightning Strike Dissipation •Heat Dissipation •Protection against electromagnetic pulses (EMP) •Armor plating •Reinforcement of plastics and polymers •Electrodes for batteries, fuel cells, solar cells and capacitors •Thermal heatsinks for electronic and computer equipment •Artificial limbs
American Graphite CEO Rick Walchuk commented: "In addition to a shared vision of the extraordinary material capabilities graphene offers, CTI brings a technical breadth and market expertise that allows us the opportunity to capitalize on this opportunity with the speed and agility of a small company and with the ability to scale up to meet the potential market."
The Company has launched its new website: www.americangraphitetech.com and a YouTube Channel http://www.youtube.com/user/AmericanGraphite for informative videos on graphite and graphene.
In addition to the commercialization of graphene specific proprietary technology, American Graphite Technologies Inc. is focused on developing North American graphite mining opportunities to maximize shareholder value.
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 and the Company's ticker symbol is AGIN. By concentrating on securing graphite mining opportunities and the commercialization of graphene specific proprietary technology methods, management is seeking to bring profit 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 metals 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.
Safe Harbor: Pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, and within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Exchange Act of 1934, any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals and assumptions of future events or performance are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this release may be identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes," or statements indicating certain actions such as "may," "could," or "might" occur. Such statements reflect the current views of CTI with respect to future events and are subject to certain assumptions, including those described in this release. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products, services, and technologies, competitive market conditions, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses and other factors. The actual results that the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. American Graphite Technologies Inc. does not undertake any responsibility to update the "forward-looking" statements contained in this news release.
American Graphite Technologies Inc.
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