American Graphite completed a letter of intent (LOI) with the National Academy of Science of Ukraine, the National Science Centre and Kharkiv Institute of Physics and Technology (KIPT), Kharkov, Ukraine.

"I have been meeting with our collaboration partners at KIPT over the past week in Ukraine, and I am very excited about the project that we are about to embark on," said Rick Walchuk, American Graphite CEO. "We are currently finalizing the details and expect to release more information on the project shortly."

Graphene is a substance composed of pure carbon, with atoms arranged in a regular hexagonal pattern similar to graphite, but in a one-atom-thick sheet. It is believed to be stronger than steel and more conductive than copper while still being flexible.

On 2 May American Graphite Technologies Inc said that it had reached an agreement with its collaboration partner, Kharkiv Institute of Physics and Technology (KIPT).

The project to research the properties of graphene contained matter as working material for 3D printing is now named P600 and will be developed by American Graphite and KIPT under the auspices of the Science & Technology Centre in Ukraine (STCU), an intergovernmental organisation founded by the governments of the Ukraine, Canada, EU and the USA. It supports research and development activities for peaceful applications by Ukrainian, Georgian, Uzbekistani, Azerbaijani, and Moldovan scientists and engineers.

"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 US Department of State, Bureau of International Security and Nonproliferation Office of Cooperative Threat Reduction for review and expect nomination shortly,” Walchuk added. “Once we receive approval, we will coordinate the startup of our project with the SCTU."

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