American Graphite Technologies Inc. Receives Update From CTI Nanotechnologies LLC Regarding Graphene Paper Progress and Plant Installation
May 27, 2014 (Source: Marketwired) — American Graphite Technologies Inc. (“AGIN” or the “Company”) (OTCBB: AGIN) (BERLIN: A8G) (WKN:A1KBDQ/ISIN:US02640K1079) is pleased to announce it has received updates from Mike Foley, CEO of CTI Nanotechnologies LLC on its graphene paper progress. Mr. Foley reports he has made considerable progress with his aqueous formulation from recent development initiatives. The previous best conductivity for the aqueous formulation was 35 ohms. Current results are showing less than 15 ohms representing a greater than 100% improvement in conductivity. Mr. Foley stated, “This substantial reduction in resistivity through our research and development efforts is an extremely positive development. Process, plant and equipment engineering are all ongoing, but we are excited to see the progress being made.”
Mr. Foley also reported that the two production lines have been moved to the new facility. The small, 12-inch wide line is close to operational and the large 30-inch wide line should be operational by fourth quarter 2014.
For more information visit the website at http://americangraphitetech.com/
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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