American Graphite Technologies Announces Successful Test Production of Graphene Paper

Marketwired

LAS VEGAS, NV--(Marketwire - Mar 18, 2013) - American Graphite Technologies Inc. ("AGIN" or the "Company") (OTCBB: AGIN) and (BERLIN: A8G) (WKN:A1KBDQ/ISIN:US02640K1079) announced today the successful production of test samples of a graphene paper product by its development and manufacturing partner CTI Nanotechnologies LLC ("CTI Nanotechnologies").

CTI Nanotechnologies reported it had successfully developed test samples and reproducible test results of a highly flexible membrane of nano-particles from 50-150um thick that is highly conductive showing about 2-3ohms resistivity across a 2" area.

The next phase of development is to work to continue improvements to the size, conductivity and scalability resulting in a low cost continuous "roll to roll" production operation at industrial specifications. In parallel with this work, CTI Nanotechnologies is working to upgrade its Vermont development facility.

Graphene Paper has the potential to revolutionize the automotive, aviation, electrical and optical industries. Currently Graphene Paper is available only in limited sizes, is relatively expensive and is very time consuming to make.

Rick Walchuk, CEO of American Graphite Technologies, commented: "This is an important early milestone, we are still engineering the drying, curing, and reduction process but most importantly we have thus far shown that our technology is capable of producing small scale graphene products." Mr. Walchuk added; " This milestone is an important step towards AGIN's goal of the development of a proprietary process for the production of high quality, low cost, large area Graphene Paper at a commercial scale."

Potential applications for Graphene paper include:

  • Computer and television displays
  • Electrical shielding
  • Reinforcing Material for manufacturing cars, boats, airplanes and machinery
  • Lightning Strike Dissipation
  • Heat Dissipation
  • Protection against electromagnetic pulses (EMP)
  • Armor plating
  • Reinforcement of plastics and polymers
  • Electrodes for batteries, fuel cells, solar cells and capacitors
  • Thermal heatsinks for electronic and computer equipment
  • Artificial limbs

American Graphite Technologies Inc. is focused on developing North American graphite mining opportunities along with the commercialization of graphene specific proprietary technology methods to maximize shareholder value.

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
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