NEW YORK, NY -- (Marketwire) -- 01/18/13 -- Graphite Corp. (OTCQB: GRPH) an exploration stage company focused on the evaluation and development of graphite based deposits within the US, has retained Minetech USA, LLC to provide the services of a Mining Engineer, Geotechnical Engineer, and a Landman. This comes after Graphite Corp. announced its initial findings from a recent field study in Alabama aimed at verifying the historic US Bureau of Mines data which indicates a resource potential of 4.363 million measured tons of weathered material and 2.802 million indicated tons of un-weathered material for a total of 7.165 million tons combined.
A recent Seeking Alpha article titled "Why Graphite Is the Future, and Now is the Time to Invest" stated that "Graphene, made from graphite may revolutionize the battery by drastically decreasing charging times and increasing total charge held. This would make technology that already uses significant amounts of graphite (lithium-ion batteries and others) that much more effective. It could end up being the catalyst that ushers the electric car into an era of real, non-subsidized feasibility against the combustion engine."
Currently, there are over 200 companies currently engaged in R&D on creating products from, or improving them with, graphene. IBM (NYSE: IBM), Boeing Co. (NYSE: BA) and USA Graphite (OTCQB: USGT) have all been invested in graphene's potential uses especially for batteries. Dr Yu-ming Lin, of IBM is quoted as saying, "In terms of the speed of the transistor, we currently see no intrinsic limits into how fast it can go."
Is graphene the new silicon? Find out by visiting http://www.graphite-corp.com/graphite/graphene.
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