LAS VEGAS, NV--(Marketwired - Jun 26, 2013) - American Graphite Technologies Inc. ("AGIN" or the "Company") (
CTI Nanotechnologies LLC (CTI) continues its development work on its hybrid bucky/graphene paper formulations and advanced coating technology and has made pre-production quality, highly conductive, flexible and mechanically stable self-supporting membrane samples consisting of assemblies of carbon nanotubes (CNT's), and graphene nano-platelets (GNP's) refined from mined graphite and other nano components. Independent analysis has confirmed that the materials are conductive, stable and processable on an industrial scale. The results are an important step in determining CTI's product's physical properties. The baseline test results confirm the direction of their current research/testing and provides valuable insight into process refinement & optimization for specific applications.
The hybrid paper has a surface area of 116m²/g at 100um thickness with a reported resistivity of
CTI is currently in the process of assembling an advanced continuous forming and coating line with the potential to produce its hybrid bucky/graphene paper up to 36" wide and could process it at speeds up to 50-100 ft. of membrane per minute. The advanced nano component composites membranes will provide components for a range of applications such as heat sinks, illumination material for displays, electro static dissipation, & electromagnetic shielding.
The next step for testing will be Thermogravimetric Analysis ("TGA") and thermal conductivity measurements for heat sinks or thermal heat dissipation.
CTI has now committed to the next development stage to enhance the electro active surface area to provide advanced application opportunities in the respect of efficient electrode support. The material can then be independently accessed for a variety of high value end uses such as glucose sensor applications through to high performance electrodes for advanced energy storage applications.
"We are very excited about the current test results for CTI Nanotechnologies graphene/bucky paper," stated Rick Walchuk, CEO. "These results are another step towards commercial production on a large scale and an opportunity for marketing to begin before the end of the year."
About the American Graphite Technologies Inc. and CTI Technologies LLC Agreement
On January 25th, 2013, the Company announced it has entered into a license agreement 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
About American Graphite Technologies Inc.
American Graphite Technologies Inc. (
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.
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