Toronto, Ontario - August 30, 2017 (Newsfile Corp.) (Investorideas.com Newswire) CKR Carbon Corporation. (TSXV: CKR) (FSE: CB81) ("CKR" or the "Company") an integrated graphite to hybrid graphenes development company is pleased to announce the supply of an industrial quantity of Aukam graphite concentrate to enable the manufacture and testing of more than 400 high performance tires by our European graphene manufacturing partner.
Recent LOI with European manufacturer of graphenes (EMG)
On July 11, 2017, CKR and a leading European manufacturer of surface engineered nano graphenes (EMG) signed an LOI to formally develop and exploit Aukam graphite, to facilitate the manufacture of nano surface engineered graphenes for large volume mass-market applications.
Successful testing of Aukam graphite continues
Characterisation and testing of the Aukam graphite by EMG shows that it is a premium quality crystalline vein graphite comparable in quality to other premium graphite sources available throughout the world.
Third party laboratory testing of the Aukam material compounded into tire treads in Europe and Asia indicates it has the necessary characteristics required to meet the demands of high performance tire treads.
CKR supplying graphite concentrate for 400 tires to be tested by Q1 2018
CKR will supply an industrial quantity of Aukam graphite concentrate to enable the manufacture of graphenes for more than 400 tires. Following further laboratory testing, the tires will be terrain track and road tested in Europe and North America during the remainder of 2017.
Testing is expected to be completed by the end of the first quarter in 2018. Thereafter, and subject to third party verification of quality and certified test outcomes, detailed planning will be initiated for installation of an integrated production plant. This plant would provide nano engineered graphenes derived from Aukam graphite for the large volume tire market.
"We are very pleased that our collaboration with EMG in developing high value graphene based components from Aukam graphite is moving ahead so quickly," said Sheldon Inwentash, Executive Chairman of CKR Carbon. "Once our concentrate is delivered to EMG we will be developing graphenes for tire development and testing, the next step in the commercialization process."
The technical content of this news release was approved by Roger Moss Ph.D., P.Geo, a qualified person as defined by National Instrument 43-101.
About CKR Carbon Corporation
CKR Carbon Corporation is an advanced materials company focused on mine to market commercialization of graphite products most notably high value graphene based components for a range of mass market products. We are collaborating with a leading European manufacturer of graphenes to use Aukam graphite to manufacture graphene products for commercialization on an industrial scale. The company is listed on the TSX Venture Exchange under the symbol CKR.
About the Aukam Project
The Aukam property covers a past producing vein graphite deposit and associated graphite occurrences. CKR is currently undertaking technical studies to support an application for a mining license. The company maintains high safety and environmental standards and has a comprehensive strategy of social engagement.
For more information: visit the website at www.ckr-carbon.com or contact:
Roger Moss, CEO, +1 416-704-8291 E-mail inquiries: firstname.lastname@example.org
For graphite product enquiries:
Arno Brand, +1 416-561-4095 email@example.com
"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).
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