American Graphite Technologies Inc. Announces Letter of Intent With a European Institute for Research and Develpoment Collabo...
24 Aprile 2013 - 2:30PM
Marketwired
American Graphite Technologies Inc. ("AGIN" or the "Company")
(OTCBB: AGIN) (BERLIN: A8G) (WKN:A1KBDQ/ISIN:US02640K1079)
announces that the Company has completed a letter of intent (LOI)
with the National Academy of Science of Ukraine; National Science
Centre; Kharkiv Institute of Physics and Technology ("KIPT"),
Kharkov, Ukraine. The scope of the collaboration will be to
research the properties of graphene contained matter as working
material for 3-D printing.
"I have been meeting with our collaboration partners at KIPT
over the past week in Ukraine and I am very excited about the
project that we are about to embark on," states CEO of the Company,
Rick Walchuk. "We are currently finalizing the details and expect
to release more information on the project shortly."
About 3-D Printing
A 3D printer can print an object layer by layer. 3-D products
are created by the laying down of successive layers of material in
a printer using digital technology, a process also known as
"additive manufacturing."
Currently 3-D printers produce parts and prototypes that are now
being used in a wide range of industries such as aerospace,
automotive, construction and dentistry. The 3D printing market
could soar to $8.4 billion in sales in 2025, from $777 million last
year, fueled largely by the automotive, aerospace and medical
markets, according to a new report by Lux Research.
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 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.
About Kharkiv Institute of Physics and
Technology
Kharkov Institute of Physics and Technology (the KIPT, earlier
referred to as Ukrainian Institute of Physics and Technology),
being one of oldest and largest centers of physical science in
Ukraine, was created in 1928 for the purpose of developing urgent
lines of research (at that time -- nuclear physics and solid-state
physics). After disintegration of the USSR the Institute is
actively comprised in the process of creation of research complex
of Ukraine, as well as in shaping policy and corresponding
institutes of Ukraine in the field of atomic industry, nuclear
energy, in the determination of further fate of nuclear weapon of
the Ukraine, in the development of material science, accelerator
equipment and new sources of energy for demands of civil and
defense branches. By the decree of the President of Ukraine in 1993
the Institute was given the status of the first in Ukraine National
Science Center (the NSC KIPT), and Cabinet of Ministers of Ukraine
confirmed, "Program on atomic science and technique of the NSC
KIPT." According to the Decree, in the NSC KIPT on the basis of
scientific departments there were formed the Institute of Plasma
Physics, the Institute of Solid-state Physics, Materials Science
and Technologies, the Institute of Plasma Electronics and New
Methods of Acceleration, the Institute of Theoretical Physics, the
Institute of High-energy Physics and Nuclear Physics. Also there
were created R&D Complex "Accelerator," the Technological
Complex "Nuclear Fuel Cycle," Research-and-production Complex of
Renewing Sources of Energy, Division of Nonproliferation and
International Relations, as well as corporation "Pyatikhatki" for
marketing purposes. Nearly 400 Candidates and 80 Doctors of
Sciences, 7 Members of National Academy of Sciences of Ukraine work
at KIPT. More than fifty persons are the winners of State and
Nominal Prizes. From 1981 more than 60 monographs have been written
by the scientists of the NSC KIPT.
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. For further
information call (702) 473-8227 Email: Email Contact
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