SOURCE: American Graphite Technologies Inc.
LAS VEGAS, NV--(Marketwired - May 2, 2013) - American Graphite Technologies Inc. ("AGIN" or the "Company") (OTCBB: AGIN) and (BERLIN: A8G) (WKN:A1KBDQ/ISIN:US02640K1079) announces that the Company has reached an agreement in principle with its collaboration partner, Kharkiv Institute of Physics and Technology ("KIPT", the "Institute"), in Ukraine on its project named "P600" which will be to research the properties of graphene contained matter as working material for 3-D printing.
The Company and the Institute will be working under the auspices of the Science & Technology Centre in Ukraine ("STCU"), which is an intergovernmental organization founded by the governments of the Ukraine, Canada, EU and the USA which supports research and development activities for peaceful applications by Ukrainian, Georgian, Uzbekistani, Azerbaijani, and Moldovan scientists and engineers.
Rick Walchuk, CEO of the Company stated, "I am pleased to announce that we have concluded our agreement in principle with KIPT and that we have forwarded the required documentation to the U.S. Department of State, Bureau of International Security and Nonproliferation Office of Cooperative Threat Reduction for review and expect nomination shortly. Once we receive approval we will coordinate the startup of our project with the SCTU."
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.
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