Alabama Graphite Announces Letter of Intent (LOI) to Supply Battery-Ready Graphite Products to U.S. Lead-Acid Battery Manufacturer

- October 10th, 2017

Alabama Graphite (“Alabama Graphite” or the “Company”) (TSX-V:CSPG) (OTCQB:CSPGF) is pleased to announce that the Company has executed a Letter of Intent (“LOI”) with an established United States-based lead-acid battery manufacturer (the “Buyer”) to supply high-purity, natural flake premium Purified Micronized Graphite (“PMG”) product — marketed under the tradename ULTRA-PMG™ — and Delaminated Expanded Graphite … Continued

Alabama Graphite (“Alabama Graphite” or the “Company”) (TSX-V:CSPG) (OTCQB:CSPGF) is pleased to announce that the Company has executed a Letter of Intent (“LOI”) with an established United States-based lead-acid battery manufacturer (the “Buyer”) to supply high-purity, natural flake premium Purified Micronized Graphite (“PMG”) product — marketed under the tradename ULTRA-PMG™ — and Delaminated Expanded Graphite (“DEXDG”) conductivity enhancement materials for applications in the negative electrodes of advanced lead-acid battery systems.
The identity of the Buyer, who has been in business for more than 50 years, is being withheld for reasons of commercial confidentiality.
Chief Executive Officer Donald Baxter commented:

 “As evidenced by today’s announcement, battery companies are taking notice of AGC and its battery-ready technical developments, in addition to our potential sourced-in-USA benefits to potential customers.
To date, AGC has entered into 30 non-disclosure agreements (“NDAs”) with potential end users, several with household names — 14 with U.S. Department of Defense (“DoD”) battery manufacturers/contractors — of which, to date, evaluation samples have been sent to 23 potential end users.”

Click here to read the full text release. 

Find out what experts are saying about the future of cannabis

 
Read our 2019 conference report today
 

Get the latest Graphite Investing stock information

Get the latest information about companies associated with Graphite Investing Delivered directly to your inbox.

Graphite Investing

Select None
Select All

Tags

Leave a Reply