Augrid Global Holdings Corporation’s Subsidiary Carbon Composite Technology (CCT) Announces New Patented Fabric
HOUSTON, Sept. 30, 2011 /PRNewswire/ — (PINKSHEETS: AGHD) Augrid Global Holdings Corporation’s, subsidiary Carbon Composite Technologies, “CCT,” will introduce a recently patented hybrid fiberglass/carbon nano textile fabric for use in the manufacturing of fiber reinforced polymer (FRP) products. The novelty, of the recently patented material, is that it combines the strength and light weight of carbon nano fibers with the cost efficiency of fiber glass. Several Fortune 500 manufacturers in the Wind Energy, Aerospace, Armoring, Marine and Automotive markets have begun evaluating the weight and cost savings achieved. Augrid is projecting the annual revenue to exceed $25,000,000 in material, equipment sales and license fees over the next two years. CCT is estimating the sale of approximately 10,000,000 lineal yards requiring more than 2000 pounds of multiwall carbon nanotubes to achieve these projections and necessary manufacturing equipment and facilities have already been identified.
CCT’s “Patented Fabric” has a similar cost to fiberglass but with physical characteristics superior to carbon fiber fabrics while meeting national standards for strength, corrosion resistance and durability. An additional proprietary feature of the technology and material is that it can be resistively heated to reduce molding production time and energy requirements. The revenue will be made from License fees with royalty minimums, paid technology transfer with exclusive material and equipment supply agreements through CCT.
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SOURCE Augrid Global Holdings Corporation