May.2, 2013

A week ago American Graphite Technologies Inc. (OTCBB: AGIN), announces Letter of Intent with a European institute for research and development collaboration for 3D printing.

Today American Graphite reveals that the Company has reached an agreement in principle with its collaboration partner, Kharkiv Institute of Physics and Technology ("KIPT", the "Institute"), in Ukraine on its project named "P600" which will be to research the properties of graphene contained matter as working material for 3-D printing.

The Company and the Institute will be working under the auspices of the Science & Technology Centre in Ukraine ("STCU"), which is an intergovernmental organization founded by the governments of the Ukraine, Canada, EU and the USA which supports research and development activities for peaceful applications by Ukrainian, Georgian, Uzbekistani, Azerbaijani, and Moldovan scientists and engineers.

Rick Walchuk, CEO of the Company stated, "I am pleased to announce that we have concluded our agreement in principle with KIPT and that we have forwarded the required documentation to the U.S. Department of State, Bureau of International Security and Nonproliferation Office of Cooperative Threat Reduction for review and expect nomination shortly. Once we receive approval we will coordinate the startup of our project with the SCTU."



Posted in 3D Printing Materials



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