American Graphite Technologies Inc. ("AGIN" or the "Company") is pleased to issue a corporate update in regard to its project with CTI Nanotechnologies LLC ("CTI") CTI reports that it has situated the majority of its equipment at the new R&D/manufacturing facility in Rockingham, Vermont.
The facility is currently being readied for the setup of the production line. CTI expects the line to be ready to start testing within 90 days.
CTI has advised that further testing of the graphene paper technology is proceeding well and they hope to have further updates on scalability shortly.
About the American Graphite Technologies Inc. and CTI Technologies LLC Agreement
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.
For more information visit the website at www.americangraphitetech.com