OAKVILLE, ONTARIO–(Marketwired – Dec. 22, 2015) – Saint Jean Carbon Inc. (“Saint Jean” or the “Company“) (TSX VENTURE:SJL), a carbon science company engaged in the development of natural graphite properties and related carbon products, is pleased to announce that the Company, along with their industry partners, will complete a prototype of the recently developed design for a diamagnetic wire that will conduct energy at room temperature with superconducting level resistance. The engineered model will first be prototyped at 36 inches in length. The goal is to measure the energy resistance under varying loads. As an example: a better understanding on how a superconducting wire can greatly enhance the electricity transfer from an electric motor to a battery.
The design works on very simple principles: the outer housing (casing) is a non-conductive rubber compound; the inner sleeve is a resin binder with a high concentration of diamagnetic graphene; the center core is a magnetic graphene wire; the diamagnetic force holds the center core in place while the energy passes along the path of the neutralized middle core. The process to build the wire will take a few months, as the construction design phase has many steps of development. As an example: the percentage of diamagnetic graphene that will be required to determine maximum efficiency.
Superconductors are materials that conduct electricity with no resistance. This means that, unlike the more familiar conductors such as copper or steel, a superconductor can carry a current indefinitely without losing any energy. They also have several other very important properties, such as the fact that no magnetic field can exist within a superconductor. Superconductors already have changed the world of medicine with the advent of MRI machines, which has resulted in a reduction in exploratory surgery. Power utilities, electronics companies, the military, transportation, and theoretical physics have all benefited from the discovery of these materials.
Paul Ogilvie, CEO, commented: “We are very pleased that Saint Jean Carbon is now proceeding to the prototype development aspect of our business and off the laboratory bench. The possibilities, we believe, are truly exciting. The elimination of resistance is not just our goal, but also the goal of all energy transfer. We look forward to announcing the results of our preliminary tests and the first real world application.”
The company has filed a patent to cover the intellectual property of the design and materials of the superconducting wire (click link for drawing)
About Saint Jean
Saint Jean is a publicly traded carbon science company, with interest in graphite mining claims on five 100% Company-owned properties located in the province of Quebec in Canada. The five properties include the Walker property, a past producing mine, the Wallingford property, the St. Jovite property, East Miller and Clot property. For information on Saint Jean’s other properties and the latest news please go to the website: www.saintjeancarbon.com
On behalf of the Board of Directors
Saint Jean Carbon Inc.
Paul Ogilvie, CEO and Director
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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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Tel: (905) 844-1200