Alabama Graphite Corp. (TSXV:CSPG,OTCQB:CSPGF) announced that Alabama Graphite Company Inc., its subsidiary, has entered into a research partnership with the US Department of Energy’s Oak Ridge National Laboratory (ORNL).
The company also said it has received positive preliminary battery-ready graphite test results from ORNL.
As quoted in the press release:
The Company is working with ORNL’s lithium-ion (“Li-ion”) battery team, led by ORNL Senior Staff Scientist Dr. David L. Wood III and Research and Development Staff Scientist Dr. Zhijia Du, under the laboratory’s Sustainable Transportation Program. AGC USA will be applying for DOE grants and other US-based research-and-development funding initiatives, having ORNL as the participating laboratory. Per the Company’s February 8, 2017 announcement, ‘Alabama Graphite Corp. Receives Commercial and Government Entity (CAGE) Code Assigned by the US Department of Defense’s (DoD’s) Defense Logistics Agency (DLA)’, at the request of ORNL, AGC USA is registered to pursue United States federal government funding to advance its research and development, and technology commercialization efforts, as well as to conduct business directly with the US federal government and its various agencies, including the US Department of Defense (“DoD”) and the US Department of Energy (“DOE”).
ORNL’s Li-ion battery team’s internal initiative is three-fold:
1.) Reduce battery costs;
2.) Increase energy capacity; and
3.) Promote domestic production of Li-ion batteries and the related supply chain.