USA Graphite Inc. Comments on Samsung's Success With Graphene
LAS VEGAS, NV, Dec 11, 2012 (MARKETWIRE via COMTEX) --
USA Graphite Inc. (OTCQB: USGT) (the "Company") is excited by
Samsung Electronics' progress into commercial applications using
We would like to let our investors know about the recent
commercialization of graphene by world leading electronics company
Samsung in its smartphone division and the future use of graphene in
the ever increasing tablet-PC market.
As quoted by the Dailymail in the UK:
"Demonstrations of 'bendable' screens have been a staple of
technology shows ever since there were screens small enough for us to
Samsung has given the strongest sign yet that the hi-tech devices
might become reality.
The company demonstrated 'bendable' AMOLED screens 4.5 inches across
and just 0.3mm thick.
Reports this week hint that phones using the technology -- which can
be 'rolled up' and survive hammer blows -- will appear in the second
quarter of next year.
The technology relies on atom-thick layers of 'graphene' -- sheets of
carbon atoms -- sandwiched together, protecting a layer of liquid
Earlier this year, reports leaked that Samsung had the capacity to
manufacture large amounts of the screen by 'early 2012' -- but no one
knew what they might be for.
Later, pictures of a concept phone using the technology -- the Galaxy
Skin -- appeared. Skin was a project carried out by design students
using the Samsung logo and Galaxy trademark.
But the potential of the technology is huge.
Phones using Graphene screens would be practically unbreakable, and
offer an instant advantage over every other smartphone on the market.
Layers of 'Graphene' -- atom-thick layers of carbon -- will be used
to create paper-thin 'foldable' screens in the Samsung Galaxy Skin
'The potential for tablets that can fold to the size of a smartphone
is especially exciting -- you could have two gadgets for the price of
one,' says Will Findlater, editor of Stuff Magazine."
This futuristic display is made of the material 'Graphene,' touted as
"the miracle material," that makes flexible displays a reality. This
polyimide substrate will replace the glass that is currently found in
displays allowing displays that are "rollable [and] bendable" and can
"survive blows from a hammer."
-- Graphite is used in refractories -- used to line high-temperature
equipment; pencils; lithium-ion batteries -- used in consumer
electronics and electric vehicles, including the Nissan Leaf, Tesla
Model S and others; fuel cells; and Pebble Bed nuclear reactors. It is
used in foundries, lubricants and brake linings.
-- Graphite is also used to produce graphene, a tightly packed single
layer of carbon atoms that can be used to make inexpensive solar
panels, powerful transistors, and even a wafer-thin tablet that could
be the next-generation iPad* or iPod*.
-- Graphene, extremely light and strong, has been called the world's next
-- The closure of graphite mines in China, which produces 75% of the
world's graphite, has resulted in a fall in global graphite production
to 1.3 million tonnes per annum in 2011. Like rare earths, China is
restricting the export of graphite to protect its own domestic
industries. The second largest producer is India, followed by Brazil,
North Korea, Austria and Canada.
*trademarks of Apple Inc.
About USA Graphite:
USA Graphite is a publicly traded US exploration company focused on
the acquisition, exploration and development of world-class graphite
properties in North America. USA Graphite intends to become a
domestic (US) graphite supplier. The USGS has reported that the USA
has been a 100% net importer of graphite over the last 5 years,
sending billions of dollars out of America. USA Graphite has holdings
in Nevada, offering considerable potential for the discovery and
development of large flake, high-grade graphite, whereby
mineralization is exposed at surface and clearly evident at economic
depths. For additional information please visit
"Safe Harbor" Statement:
Under The Private Securities Litigation Reform Act of 1995: The
statements in the press release that relate to the Company's
expectations with regard to the future impact on the Company's
results from new products in development are forward-looking
statements, within the meaning of the Private Securities Litigation
Reform Act of 1995. Notice Regarding Forward Looking Statements --
This press release includes forward-looking statements that involve a
number of risks and uncertainties, including the success of the
programs it is commercializing and developing. Further, the risks
involve the ability of the Company to raise capital to fund its
operations and the capital requirements for the development and
marketing of its products. Investors are encouraged to review the
risk factors listed or described from time to time in the Company's
filings (10K, 10Q's, S-1 and others) with the Securities and Exchange
USA Graphite Inc.
Toll Free 1(888)603-3330
SOURCE: USA Graphite Inc.
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