American Graphite Technologies Inc. ("AGIN" or the "Company") announces receipt of final approval from the Science and Technology Centre Ukraine (STCU) for the startup of its project, dubbed P600. The project was granted live status on October 1, 2013.
Project P600 is a collaboration between the Company and the Kharkov Institute of Physics and Technology in Kharkov, Ukraine.
The project is designed to research the properties of nanocarbon contained matter as a working material for 3D printing. The project team will consist of 8 scientists and PhDs with experience in the fields of nanotechnology, 3D printing, solid state physics, physical materials and thermal physics.
The mandate of the project is to research the properties of materials containing nanostructured carbon, primarily graphene, to research the existing and prospective methods of 3D printing and analyze the possibility of applying the techniques to create 3D objects using nanocarbon material.
"I am very excited about the startup of Project P600. During the next few days I will be meeting with the project manager to discuss the various avenues his team will explore with respect to using graphene and nanocarbon materials in 3D printing. We have some exciting ideas and if successful, we hope that our developments could open up new and innovative products for the marketplace," stated Rick Walchuk, CEO. "Now that we have the approval from the project administrator (STCU) we will be gearing up and starting immediately on the project."
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 materials 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 Science and Technology Centre in Ukraine ("STCU")
The STCU is the first intergovernmental organization in Ukraine and was established by an Agreement signed on 15 October 1993, by the four founding Parties: Ukraine, Canada, Sweden and the United States of America. Through the STCU Partner Program, private companies, industry organizations, academic and non-government organizations, and government agencies and programs from Canada, European Union, and the USA may contract for research and development work with Azeri, Georgian, Moldovan, Ukrainian and Uzbek scientists and institutes. By virtue of the STCU's status as a diplomatically-accredited inter-governmental organization and because of its highly-qualified staff, Partners enjoy significant benefits including: (1) the professional support the STCU renders at the project development stage, and (2) having their projects administered by the STCU during the project implementation stage.
About Kharkov Institute of Physics and Technology ("KIPT")
Kharkov Institute of Physics and Technology ("KIPT"), being one of the oldest and largest centers of physical science in Ukraine, was created in 1928 for the purpose of developing urgent lines of research (at the 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 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 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 was created R&D Complex "Accelerator," the Technological Complex "Nuclear Fuel Cycle," Research-and-production Complex of Renewing Sources of Energy. Nearly 400 PhD 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.
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.