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American Graphite Technologies Inc. ("AGIN" or the "Company") (OTCBB: AGIN) and (BERLIN: A8G) (WKN:A1KBDQ/ISIN:US02640K1079) announces the receipt of the project abstract from Mr. D.V. Vynogradov (SPE RESST KIPT) project manager of the scientific team at the Kharkiv Institute of Physics & Technology ("KIPT") in Kharkiv, Ukraine.
The project, called P-600, will research the properties of nanocarbon contained matter (graphene) as working material for 3D printing. The project will be a partnership between AGIN, Science and Production Establishment "Renewable Energy Sources and Sustainable Technologies" ("RESST") National Science Center "KIPT" National Academy of Science of Ukraine and Institute of Solid State Physics and Material Science National Science Center "KIPT" National Academy of Science of Ukraine.
The scientific team will consist of 8 scientists (1 Prof., D.Sc, 2 PhD's; 3 former weapons scientists and 2 PhD student) including Mr. Vynogradov. The expertise of the team will include the fields of nanotechnology, 3D printing, solid state physics, physical materials and thermal physics.
In the abstract received by the Company, Mr. Vynogradov noted, "The perspective scope of research as we think are thin films and extremely small-scale objects with nano and micro-meter dimensions. Thus, we plan to pay special attention to the research with creating the graphene objects into nano and micro-meter typical size."
The Company is waiting for the final approval from the Ministry of Education and Science of Ukraine and Science and Technology Centre in Ukraine ("STCU") which is expected to be released within two weeks.
The 3-D printing market is anticipated to grow to $5.2 Billion by the year 2020. www.forbes.com/sites/tjmccue/2012/03/27/3d-printing-industry-will-reach-3-1-billion-worldwide-by-2016/
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.
About Science and Technology Centre in Ukraine ("STCU")
The STCU is the first intergovernmental organization in Ukraine and was established by an Agreement signed on 15 October 1993, by the four founding Parties: Ukraine, Canada, Sweden and the United States of America. Through the STCU Partner Program, private companies, industry organizations, academic and non-government organizations, and government agencies and programs from Canada, European Union, and the USA may contract for research and development work with Azeri, Georgian, Moldovan, Ukrainian and Uzbek scientists and institutes.
By virtue of the STCU's status as a diplomatically-accredited inter-governmental organization and because of its highly-qualified staff, Partners enjoy significant benefits including: (1) the professional support the STCU renders at the project development stage, and (2) having their projects administered by the STCU during the project implementation stage.
About Kharkiv Institute of Physics and Technology ("KIPT")
Kharkov Institute of Physics and Technology ("KIPT"), 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 the 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 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 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 was created R&D Complex "Accelerator," the Technological Complex "Nuclear Fuel Cycle," Research-and-production Complex of Renewing Sources of Energy. Nearly 400 PhD 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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American Graphite Technologies Inc.
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