|By Marketwired .||
|August 11, 2014 09:35 PM EDT||
OTTAWA, ONTARIO -- (Marketwired) -- 08/12/14 -- Northern Graphite Corporation (TSX VENTURE:NGC)(OTCQX:NGPHF) announces that initial testing, using production scale equipment, has confirmed that large flake graphite from the Bissett Creek deposit has a spherical graphite ("SPG") yield of 50%. The Company expects that the yield will increase with further optimization. SPG is the anode material used in lithium ion batteries ("LiBs") and Industry yields are generally 33% (or less). Losses in the SPG manufacturing process are one of its biggest costs and low yields render a great deal of graphite unsuitable for this use.
Large flake graphite currently sells for approximately US$1,350/tonne whereas the price of uncoated SPG is US$3,500/t and over US$10,000/t coated.
Gregory Bowes, CEO commented that: "Our goal is to create a technology company that is focussed not only on higher value markets but on reducing battery costs, increasing their capacity and meeting the growing needs of the electric vehicle market." He added that: "the unique nature of the Bissett Creek deposit, and the technologies that Northern has developed, provide the Company with significant competitive advantages. In particular:
1. Bissett Creek has the best location and infrastructure of any new graphite project leading to low capital and operating costs. 2. 90% of production will be battery grade which is by far the highest in the industry as most deposits produce only 25-66% battery grade concentrates. 3. Recent testing confirmed that the yield on rounding for Bissett Creek graphite is the highest in the industry. 4. Initial testing has demonstrated that the pristine flake from Bissett Creek has a highly ordered crystal structure resulting in greater battery capacity and the possibility that the costly graphitization step may not be required. 5. The Company has developed its own proprietary process for coating SPG and, 6. As a result of extensive testing over the last three years Northern has also developed a process for purifying both SPG and flake concentrate in an environmentally sustainable, cost competitive manner."
The latter is particularly important as western companies not only need to economically produce SPG, they need a purification solution. All natural based SPG is currently produced in China and is purified from approximately 94%C to 99.95%C using hydrofluoric and sulphuric acid with little or no treatment of the toxic wastes. This approach is unsavoury and not sustainable as the demand for LiBs grows with the increased adoption of "green" hybrid and all- electric vehicles.
The fastest growing market for graphite other than LiBs is expandable graphite used in thermal management for consumer electronics, fuel cells, gaskets, construction materials etc. This market requires +50 mesh XL flake with a high expansion ratio (which not all has). Graphite deposits generally produce less than 15% XL flake. 50% of Bissett Creek production will be XL flake providing the Company with the optionality of serving both the LiB and expandable graphite markets. XL flake currently sells for over US$2,000/t and highly purified versions over $3,000/t.
Northern Graphite Corporation
Northern Graphite Corporation is a Canadian company that has a 100% interest in the Bissett Creek graphite deposit located in eastern Ontario. The Company expects graphite prices to outperform those of other commodities in an economic recovery because of Chinese supply problems and the continued rapid growth in new uses such as lithium ion batteries. Bissett Creek is the only true large flake deposit. It is also the most advanced new project with a bankable Feasibility Study and its major environmental, and it has the best location/infrastructure, the lowest capital costs and the highest operating margin. Additional information on Northern can be found at www.sedar.com and www.northerngraphite.com.
This press release contains forward-looking statements, which can be identified by the use of words such as "could", "potential", "believe", "expect", "anticipate", "intend", "plan", "likely", "will" or other similar words or phrases. These statements are only current predictions and are subject to known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from those anticipated by the forward-looking statements. The Company does not intend, and does not assume any obligation, to update forward-looking statements, whether as a result of new information, future events or otherwise, unless otherwise required by applicable securities laws. Readers should not place undue reliance on forward-looking statements.
Neither the 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.
Northern Graphite Corporation
Northern Graphite Corporation
SAP is delivering break-through innovation combined with fantastic user experience powered by the market-leading in-memory technology, SAP HANA. In his General Session at 15th Cloud Expo, Thorsten Leiduck, VP ISVs & Digital Commerce, SAP, discussed how SAP and partners provide cloud and hybrid cloud solutions as well as real-time Big Data offerings that help companies of all sizes and industries run better. SAP launched an application challenge to award the most innovative SAP HANA and SAP HANA...
Feb. 1, 2015 09:00 AM EST Reads: 2,920
The Industrial Internet revolution is now underway, enabled by connected machines and billions of devices that communicate and collaborate. The massive amounts of Big Data requiring real-time analysis is flooding legacy IT systems and giving way to cloud environments that can handle the unpredictable workloads. Yet many barriers remain until we can fully realize the opportunities and benefits from the convergence of machines and devices with Big Data and the cloud, including interoperability, ...
Feb. 1, 2015 09:00 AM EST Reads: 3,006
"Application monitoring and intelligence can smooth the path in a DevOps environment. In a DevOps environment you see constant change. If you are trying to monitor things in a constantly changing environment, you're going to spend a lot of your job fixing your monitoring," explained Todd Rader, Solutions Architect at AppDynamics, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Feb. 1, 2015 09:00 AM EST Reads: 2,969
"Desktop as a Service is emerging as a very big trend. One of the big influencers of this – for Esri – is that we have a large user base that uses virtualization and they are looking at Desktop as a Service right now," explained John Meza, Product Engineer at Esri, in this SYS-CON.tv interview at Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Feb. 1, 2015 09:00 AM EST Reads: 2,432
What do a firewall and a fortress have in common? They are no longer strong enough to protect the valuables housed inside. Like the walls of an old fortress, the cracks in the firewall are allowing the bad guys to slip in - unannounced and unnoticed. By the time these thieves get in, the damage is already done and the network is already compromised. Intellectual property is easily slipped out the back door leaving no trace of forced entry. If we want to reign in on these cybercriminals, it's hig...
Feb. 1, 2015 09:00 AM EST Reads: 2,691
“We are strong believers in the DevOps movement and our staff has been doing DevOps for large enterprise environments for a number of years. The solution that we build is intended to allow DevOps teams to do security at the speed of DevOps," explained Justin Lundy, Founder & CTO of Evident.io, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Feb. 1, 2015 09:00 AM EST Reads: 2,350
"SAP had made a big transition into the cloud as we believe it has significant value for our customers, drives innovation and is easy to consume. When you look at the SAP portfolio, SAP HANA is the underlying platform and it powers all of our platforms and all of our analytics," explained Thorsten Leiduck, VP ISVs & Digital Commerce at SAP, in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Feb. 1, 2015 09:00 AM EST Reads: 2,848
High-performing enterprise Software Quality Assurance (SQA) teams validate systems that are ready for use - getting most actively involved as components integrate and form complete systems. These teams catch and report on defects, making sure the customer gets the best software possible. SQA teams have leveraged automation and virtualization to execute more thorough testing in less time - bringing Dev and Ops together, ensuring production readiness. Does the emergence of DevOps mean the end of E...
Feb. 1, 2015 08:45 AM EST Reads: 2,873
Docker offers a new, lightweight approach to application portability. Applications are shipped using a common container format and managed with a high-level API. Their processes run within isolated namespaces that abstract the operating environment independently of the distribution, versions, network setup, and other details of this environment. This "containerization" has often been nicknamed "the new virtualization." But containers are more than lightweight virtual machines. Beyond their small...
Feb. 1, 2015 08:15 AM EST Reads: 3,274
The Internet of Things is tied together with a thin strand that is known as time. Coincidentally, at the core of nearly all data analytics is a timestamp. When working with time series data there are a few core principles that everyone should consider, especially across datasets where time is the common boundary. In his session at Internet of @ThingsExpo, Jim Scott, Director of Enterprise Strategy & Architecture at MapR Technologies, discussed single-value, geo-spatial, and log time series dat...
Feb. 1, 2015 06:45 AM EST Reads: 3,281
The industrial software market has treated data with the mentality of “collect everything now, worry about how to use it later.” We now find ourselves buried in data, with the pervasive connectivity of the (Industrial) Internet of Things only piling on more numbers. There’s too much data and not enough information. In his session at @ThingsExpo, Bob Gates, Global Marketing Director, GE’s Intelligent Platforms business, to discuss how realizing the power of IoT, software developers are now focu...
Feb. 1, 2015 06:30 AM EST Reads: 2,033
Cultural, regulatory, environmental, political and economic (CREPE) conditions over the past decade are creating cross-industry solution spaces that require processes and technologies from both the Internet of Things (IoT), and Data Management and Analytics (DMA). These solution spaces are evolving into Sensor Analytics Ecosystems (SAE) that represent significant new opportunities for organizations of all types. Public Utilities throughout the world, providing electricity, natural gas and water,...
Feb. 1, 2015 05:15 AM EST Reads: 3,241
In her General Session at 15th Cloud Expo, Anne Plese, Senior Consultant, Cloud Product Marketing, at Verizon Enterprise, focused on finding the right mix of renting vs. buying Oracle capacity to scale to meet business demands, and offer validated Oracle database TCO models for Oracle development and testing environments. Anne Plese is a marketing and technology enthusiast/realist with over 19+ years in high tech. At Verizon Enterprise, she focuses on driving growth for the Verizon Cloud platfo...
Feb. 1, 2015 04:30 AM EST Reads: 3,567
Between the compelling mockups and specs produced by your analysts and designers, and the resulting application built by your developers, there is a gulf where projects fail, costs spiral out of control, and applications fall short of requirements. In his session at DevOps Summit, Charles Kendrick, CTO and Chief Architect at Isomorphic Software, will present a new approach where business and development users collaborate – each using tools appropriate to their goals and expertise – to build mo...
Feb. 1, 2015 03:15 AM EST Reads: 2,018
There is no doubt that Big Data is here and getting bigger every day. Building a Big Data infrastructure today is no easy task. There are an enormous number of choices for database engines and technologies. To make things even more challenging, requirements are getting more sophisticated, and the standard paradigm of supporting historical analytics queries is often just one facet of what is needed. As Big Data growth continues, organizations are demanding real-time access to data, allowing immed...
Feb. 1, 2015 03:00 AM EST Reads: 3,600