American Graphite Technologies Inc. Announces Equipment Purchase
21 Marzo 2013 - 6:00AM
Marketwired
American Graphite Technologies Inc. ("AGIN" or the "Company")
(OTCBB: AGIN) (BERLIN: A8G) (WKN:A1KBDQ/ISIN:US02640K1079 ) is
pleased to announce the purchase of several strategic pieces of
equipment by its development and manufacturing partner CTI
Nanotechnologies LLC ("CTI") . The equipment was purchased at the
auction of the assets of Konaraka Technologies Inc., a manufacturer
in OPV (organic photovoltaic) technology.
The equipment includes a laminating line consisting of web
handling equipment, drives, steering, slot die deposition coating
heads, laminating heaters, an automated fluid pumping/delivery
module, vacuum conveyor tables, a vacuum pump, associated
electronics, UV curing, high powered laser edge trimmers, 14" slot
die applicators, 36" slot die applicators, assorted drying and
curing processing equipment, cabinets and racking. The Company paid
for the equipment purchased as part of its agreement with CTI.
"The Konarka auction was a great opportunity for CTI to acquire
state of the art machinery and equipment at auction prices," said
Rick Walchuk, CEO of American Graphite Technologies, Inc. "This
equipment can be retrofitted to fit our manufacturing purposes. New
replacement cost for this equipment would be well over $1 million
and CTI was able to secure it for a fraction of the cost."
American Graphite Technologies Inc. is focused on developing
North American graphite mining opportunities along with the
commercialization of graphene specific proprietary technology
methods to maximize shareholder value.
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 quoted on
the Over-the-Counter Bulletin Board (OTCBB) 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.
Contact: American Graphite Technologies Inc. For further
information call (702) 473-8227 Email: Email Contact
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