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

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.”

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"Did you know graphite is as tough as diamonds, but its unique structure makes it light, soft, and highly resistant to heat as well?"

Find out everything an investor needs to know about graphite investing. Click below to download a FREE industry report on the graphite market.
 

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"Did you know graphite is as tough as diamonds, but its unique structure makes it light, soft, and highly resistant to heat as well?"

Find out everything an investor needs to know about graphite investing. Click below to download a FREE industry report on the graphite market.
 
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