OAKVILLE, Ontario, Feb. 23, 2017 (GLOBE NEWSWIRE) -- Saint Jean Carbon Inc. (“Saint Jean” or the “Company”) (TSX-V:SJL) (OTCQB:TORVF), a carbon science company engaged in the design and build of green energy storage, green energy creation and green re-creation through the use of carbon materials. The Company is pleased to announce that it has set the preliminary numbers for the graphene battery project announced on January 18th, 2017. The preliminary performance markers will be used to judge performance for and against the three prototype graphene batteries in production.
Graphene based batteries have a number of very strong possibilities to outperform any other known energy storage device. The key lies in the difference in how the lithium intercalates with the anode material, basically the rate of absorption. In contrast to graphite; graphene, the unique two-dimensional atom-thick honey-comb structured carbon, has revealed various novel properties. Graphene has the highest intrinsic mechanical strength (1060 Gpa) and thermal conductivity (3000Wm-1k-1), in addition to a high surface area (2630 m2g-1) and electronic mobility (10000 cm2V-1s). Due to this the carbon material is transformed from graphite to graphene with a capacity that is expected to increase up to 500–1100 mAhg−1.
It has been proposed that lithium ions can be adsorbed on both sides of the graphene sheets which are arranged like a ‘‘house of cards’’ in hard carbons, leading to two layers of lithium for each graphene sheet, with a theoretical capacity of 744 mAhg-1 through the formation of Li2C6. Recently, large reversible Li storage (540 mAhg-1 in the first cycle) in graphene Nano-sheets has been reported.
Paul Ogilvie, CEO, commented: “As the world of engineering, studies and works to perfect the lithium-ion battery, new and wonderful materials like graphene will get their shot at making a game changing contribution. With the final lab prototype batteries, our goal is to achieve; the fastest recharge, highest density and greatest capacity within a very small size. If we achieve this, we will have set a new high watermark for performance.”
The Company hopes to have the final batteries results ready within three weeks. The Company is continuing with the recycled battery project. Further, the final spherical carbon coated graphite specifications and performance results are expected very shortly.
About Saint Jean Carbon
Saint Jean is a publicly traded carbon science company, with specific interests in energy storage and green energy creation and green re-creation, with holdings in graphite mining and lithium claims in the province of Quebec in Canada. For the latest information on Saint Jean’s properties and news please refer to the website: http://www.saintjeancarbon.com/
On behalf of the Board of Directors
Saint Jean Carbon Inc.
Paul Ogilvie, CEO and Director
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, within the meaning of applicable securities legislation, concerning Saint Jean’s business and affairs. In certain cases, forward-looking statements can be identified by the use of words such as ‘‘plans’’, ‘‘expects’’ or ‘‘does not expect’’, “intends” ‘‘budget’’, ‘‘scheduled’’, ‘‘estimates’’, “forecasts’’, ‘‘intends’’, ‘‘anticipates’’ or variations of such words and phrases or state that certain actions, events or results ‘‘may’’, ‘‘could’’, ‘‘would’’, ‘‘might’’ or ‘‘will be taken’’, ‘‘occur’’ or ‘‘be achieved’’.
These forward-looking statements are based on current expectations, and are naturally subject to uncertainty and changes in circumstances that may cause actual results to differ materially. The forward-looking statements in this news release assume, inter alia, that the conditions for completion of the Transaction, including regulatory and shareholder approvals, if necessary, will be met.
Although Saint Jean believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that these expectations will prove to be correct.
Statements of past performance should not be construed as an indication of future performance. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors, including those discussed above, could cause actual results to differ materially from the results discussed in the forward-looking statements. Any such forward-looking statements are expressly qualified in their entirety by this cautionary statement.
All of the forward-looking statements made in this press release are qualified by these cautionary statements. Readers are cautioned not to place undue reliance on such forward-looking statements. Forward-looking information is provided as of the date of this press release, and Saint Jean assumes no obligation to update or revise them to reflect new events or circumstances, except as may be required under applicable securities laws.
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