VANCOUVER, British Columbia, June
07, 2016 (GLOBE NEWSWIRE) -- Canada
Carbon Inc. (the "Company") (TSX-V:CCB) (OTC:BRUZF)
(FF:U7N1) is pleased to provide this market development update for
its flagship Miller hydrothermal high-purity graphite project.
Canada Carbon is in the final stages of qualifying its very high
purity thermally treated graphite (99.9998% carbon) as potential
feedstock for the production of non-oxide graphene nano-platelets,
in partnership with Celtig LLC, a producer of mechanically
exfoliated, high quality graphene products
(http://www.celtig.com/). Celtig employs a high efficiency, low
temperature process using only benign chemicals that can be almost
entirely recycled for further use. This stands in stark contrast to
oxidative exfoliation, which requires large amounts of strong
acids, oxidizers, and reductant chemicals to produce reduced
graphene oxide ("RGO"). RGO production must be conducted under
temperature-controlled conditions to reduce the risk of explosion,
and generates large amounts of chemical waste.
Celtig was founded in 2015 by
Professors Brian Edwards and Bamin Khomami, Dr. Lu Liu, retired
Dean of Engineering, Fred Tompkins, and Nick Ciparro, to
commercialize the patent-pending high-efficiency
graphite-exfoliation technology developed by company principals,
which allows process yields as high as 90%. Celtig has established
a distribution network through its partnership with The
GrapheneSource LLC (www.thegraphenesource.com), to provide
efficient logistical support. Celtig benefits from its natural
partnership with the University of Tennessee at Knoxville, the home
institution of the company founders, that enables a synergistic
collaboration between academic research and industrial applications
which provides Celtig a distinct advantage over most other graphene
producers.
Brian Edwards, Chief Executive
Officer of Celtig, said: "Celtig's quest is to become the leading
international supplier of the highest quality graphene and related
products at price points that will actually lead to global-scale
industrial commercialization, rather than simply filling small
market niches. Our partnership with the University of Tennessee in
Knoxville allows us to leverage the University's huge internal
investment in research infrastructure to study real-world
applications of novel graphene technology with highly trained PhD
students and postdoctoral researchers using state-of-the-art
materials characterization and analysis instrumentation on a scale
unavailable to industrial R&D enterprises. Current graphene
applications under investigation include: 3D-printing; electrically
conductive inks, films, and coatings; optical displays and sensors;
nanocapacitor technology; electrode materials for batteries;
physio/biochemical sensors; photovoltaic cells; fuel cell
technology; high-frequency transistors; quantum dots; gas
separation membranes; enhanced lubricants; polymer/graphene
nanocomposite materials; and thermally conductive and
fire-retardant foams.
Canada Carbon's ultra high purity,
highly crystalline natural graphite is expected to reinforce
Celtig's growing reputation for producing commercial quantities of
the highest quality non-oxide graphene materials."
Canada Carbon Executive Chairman
and Chief Executive Officer Mr. R. Bruce Duncan stated, "As noted
in our recently filed Preliminary Economic Assessment for the
Miller Project, the highest quality graphene requires the best
precursor graphite, both in terms of crystal morphology and overall
purity. After six months of mutual efforts, we are pleased to have
our Miller ultra high purity graphite recognized in this way by
Celtig LLC, which is not only a world-leading graphene producer,
but is also a significant supporter of research into commercial
applications for the graphene that they produce.
Canada Carbon will soon provide
further market development updates arising from other
characterization and qualification research on its ultra high
purity Miller graphite, being conducted under numerous
non-disclosure agreements in academic, commercial, and government
laboratories around the world. The Company also hopes to soon
report the finalization of ASTM International's new nuclear
graphite testing standard, which used Canada Carbon's nuclear
purity Miller graphite as the reference material."
About
Celtig
Celtig, LLC is a Tennessee limited
liability company founded to produce high quality graphene
nano-sheets and flakes and to distribute commercial quantities of
this line of products at affordable prices to markets worldwide.
Production of this high quality graphene, marketed under the trade
name Cicarbo(TM), has been achieved through new technology and
manufacturing processes designed and developed by company founders.
Celtig has successfully implemented these new patent-pending
processes in its East Tennessee production facility using
especially designed equipment that was also developed and patented
by company principals. Whereas two company founders are faculty
members of the College of Engineering at the University of
Tennessee-Knoxville, a natural partnership has arisen between
Celtig and the University with respect to research and development
as well as commercialization opportunities. East Tennessee was
chosen as the natural location for Celtig's main office and
production facility because of the proximity of the University of
Tennessee and the U.S. Department of Energy's Oak Ridge National
Laboratory, both of which are organizations of international renown
for expertise and research infrastructure in the area of materials
science and engineering. More information can be found
at www.celtig.com.
On Behalf of the Board of Directors
CANADA CARBON
INC.
"R. Bruce Duncan"
CEO and Director
Contact
Information
E-mail inquiries: info@canadacarbon.com
P: (604) 638-0971
F: (604) 638-0973
"Neither TSX
Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this
release."
FORWARD
LOOKING STATEMENTS: This news
release contains forward-looking statements, which relate to future
events or future performance and reflect management's current
expectations and assumptions. Such forward-looking statements
reflect management's current beliefs and are based on assumptions
made by and information currently available to the Company.
Investors are cautioned that these forward looking statements are
neither promises nor guarantees, and are subject to risks and
uncertainties that may cause future results to differ materially
from those expected. These forward-looking statements are made as
of the date hereof and, except as required under applicable
securities legislation, the Company does not assume any obligation
to update or revise them to reflect new events or circumstances.
All of the forward-looking statements made in this press release
are qualified by these cautionary statements and by those made in
our filings with SEDAR in Canada (available at
www.sedar.com).