LAS VEGAS, NV — (Marketwired) — 04/24/13 — American Graphite Technologies Inc. (“AGIN” or the “Company”) (OTCBB: AGIN) (BERLIN: A8G) (WKN:A1KBDQ/ISIN:US02640K1079) announces that the Company has completed a letter of intent (LOI) with the National Academy of Science of Ukraine; National Science Centre; Kharkiv Institute of Physics and Technology (“KIPT”), Kharkov, Ukraine. The scope of the collaboration will be to research the properties of graphene contained matter as working material for 3-D printing.
“I have been meeting with our collaboration partners at KIPT over the past week in Ukraine and I am very excited about the project that we are about to embark on,” states CEO of the Company, Rick Walchuk. “We are currently finalizing the details and expect to release more information on the project shortly.”
A 3D printer can print an object layer by layer. 3-D products are created by the laying down of successive layers of material in a printer using digital technology, a process also known as “additive manufacturing.”
Currently 3-D printers produce parts and prototypes that are now being used in a wide range of industries such as aerospace, automotive, construction and dentistry. The 3D printing market could soar to $8.4 billion in sales in 2025, from $777 million last year, fueled largely by the automotive, aerospace and medical markets, according to a new report by Lux Research.
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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.
Kharkov Institute of Physics and Technology (the KIPT, earlier referred to as Ukrainian Institute of Physics and Technology), being one of oldest and largest centers of physical science in Ukraine, was created in 1928 for the purpose of developing urgent lines of research (at that 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 determination of further fate of nuclear weapon of the Ukraine, 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 there 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 were created R&D Complex “Accelerator,” the Technological Complex “Nuclear Fuel Cycle,” Research-and-production Complex of Renewing Sources of Energy, Division of Nonproliferation and International Relations, as well as corporation “Pyatikhatki” for marketing purposes. Nearly 400 Candidates 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.
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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