SOURCE: American Graphite Technologies Inc.
LAS VEGAS, NV--(Marketwired - May 6, 2013) - American Graphite Technologies Inc. ("AGIN" or the "Company") (OTCBB: AGIN) and (BERLIN: A8G) (WKN:A1KBDQ/ISIN:US02640K1079) announces that the Company has received independent test results for the resistivity of the graphene paper manufactured by its licensing partner CTI Nanotechnologies LLC ("CTI"). The resistivity measurements of five test samples were measured in an Electrical Engineering laboratory, using a 4 point probe, at the University of Vermont in Burlington, Vermont.
The results are as follows:
Sample 1- 80um 370 mohms
Sample 2- 110um 175 mohms
Sample 3- 200um 90 mohms
Sample 4- 310um 55 mohms
Sample 5- 380um 45 mohms
These test results indicate that CTI has achieved milliohm resistivity for graphene paper. CTI has relocated to its new research and development facility in Rockingham, Vermont and will continue the graphene paper R&D for small scale and large scale samples once all equipment is in place.
"Since establishing our agreement with CTI in early December 2012 our goal was to have milliohm resistivity for graphene paper in the short term. I am very pleased that this goal has been reached as shown from the independent testing completed at the University of Vermont," stated Rick Walchuk, CEO. "Our licensing partner CTI will continue R&D on the technology for both resistivity and scalability."
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.