American Graphite Technologies Inc. Announces New Manufacturing Facility for CTI Nanotechnologies LLC
April 29 2013 - 8:00AM
Marketwired
American Graphite Technologies Inc. ("AGIN" or the "Company")
(OTCBB: AGIN) (BERLIN: A8G) (WKN:A1KBDQ/ISIN:US02640K1079)
announces that its licensing partner, CTI Nanotechnologies LLC
("CTIN"), has secured a new facility in Rockingham, Vermont to
house the recent purchase of equipment to be used in the research
and development of graphene paper. The equipment purchased was from
the recent Konarka auction and was used for the production of thin
film photovoltaic solar panels. CTI Nanotechnologies plans to
retrofit the equipment for the manufacture of graphene paper. CTIN
has informed the Company that the equipment will be moved to the
new facility this week and will be set up over the course of the
next ninety days for testing.
"The new facility of our licensing partner, CTI Nanotechnologies
LLC, gives them ample space to setup the equipment they have
purchased for two production lines as well as room for expansion,"
said Rick Walchuk, CEO. "CTI hopes to have the two lines set up for
testing in the next 90 days," also noted Mr. Walchuk.
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.
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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