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American Graphite Technologies Inc. Provides Corporate Update
LAS VEGAS, NV, Mar 12, 2013 (MARKETWIRE via COMTEX) --
American Graphite Technologies Inc. (OTCBB: AGIN) ("American
Graphite" or the "Company") is pleased to provide an update on its
recent corporate developments.
Partnerships
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.
Contact:
American Graphite Technologies Inc.
(702) 473-8227
Email: Email Contact
SOURCE: American Graphite Technologies Inc.
http://www2.marketwire.com/mw/emailprcntct id=7D315775F52F0FFB
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