American Graphite Technologies Inc. Announces Technology License Agreement in the Field of Graphene Oxide "Bucky" Paper
January 25 2013 - 08:00AM
Marketwired
American Graphite Technologies Inc. (OTCBB: AGIN) (the "Company")
announced today that the Company has entered into and executed a
non exclusive technology License agreement for patent and trade
secret technology in the field of graphene oxide "bucky" paper with
Cheap Tubes, Inc. Pursuant to the terms of the agreement, American
Graphite will fund the further development and commercialization of
certain proprietary inventions and know how related to the
manufacturing process for graphene products, including graphene
paper and Bucky Paper. The Company agreed to fund commercial
development and received a license for the rights on a nonexclusive
basis for marketing products and/or services.
Further details are available in the Company's Form Super 8K
filed with the Securities and Exchange Commission.
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. Visit:
www.americangraphitetechnologies.com
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. For further information call
(702) 473-8227
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