American Graphite Technologies Inc. Announces Funding Payment to Science and Technology Center Ukraine for 3D Project P-600
October 25, 2013 (Source: Marketwired) — American Graphite Technologies Inc. (“AGIN” or the “Company”) (OTCBB: AGIN) and (BERLIN: A8G) (WKN:A1KBDQ/ISIN:US02640K1079) announces it has remitted funds to the Science and Technology Center Ukraine (“STCU”) covering the first year of research and development for its 3D graphene project, dubbed P-600.
The scope of the project will research the properties of nanocarbon contained matter (graphene) as a 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 project will be administered by The Science and Technology Center in Ukraine (STCU).
The scientific team will consist of 10 scientists (5 PhDs; 4 former weapons scientists and 1 PhD student). The expertise of the team will include the fields of nanotechnology, 3D printing, solid state physics, physical materials and thermal physics.
“I am very pleased to announce that the 3D project we have undertaken in Ukraine is fully funded for the term of the one year agreement,” stated Rick Walchuk, CEO. “Our project manager has the funds, and the green light, to start the project immediately. I am currently in Ukraine going over the scope of the project with our project team and hope to have further announcements shortly.”
For more information visit the website at www.americangraphitetech.com
About American Graphite Technologies Inc.
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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 materials 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 Science and Technology Center in Ukraine (STCU) is an intergovernmental organization dedicated to the prevention of the proliferation of expertise related to weapons of mass destruction (WMD). The STCU vision: for a safer and better world, to assist former WMD experts in the transition to self-supporting, peaceful activities in the international science and business communities… and to do so using the best professional practices. It 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 Kharkov Institute of Physics and Technology (“KIPT”)
Kharkov Institute of Physics and Technology (“KIPT”), being one of the 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.
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