Saint Jean Carbon To File Provisional Patents to Protect New Graphene Technologies, Processes and Applications
OAKVILLE, ONTARIO--(Marketwired - Nov 2, 2015) - Saint Jean Carbon Inc. ("Saint Jean" or the "Company") (TSX VENTURE:SJL), a carbon sciences company engaged in the development of natural graphite properties and related carbon products is pleased to announce that Saint Jean is working through the filing of a number of provisional patents (the completion is expected to take about a week) designed to protect Saint Jean's carbon technology developments; the process's they have developed; and the applications where the material could be used in the future. All filings will be done with the United States Patent Office followed by international filings within the year. The need to protect the Company's work and progress is of great importance. Patents are best served if they are filed on a very timely basis as the longer the Company waits the more risk it may face from competitors willing to exploit the Company's progress and research.
Paul Ogilvie, CEO commented: "The filing of the patents has been our highest priority and we have been working around the clock to get them filed. The amount of time and effort spent on our research has given way to many developments that we feel need to be patented to protect our intellectual property and knowhow, particularly as we plan to compete on an international level with other carbon companies. The development of superparamagnetic material that can change an atom's spin direction at an atomic level is very complex and includes ongoing work at the quantum level. This has been our focus in the development of new carbon technologies, equipment, and overall processes necessary to arrive at a future level where these materials can be produced in large quantities.
The Phase One test results (previously announced October 22, 2015) have been received and will be issued upon completion of all the patents filings. As a matter of precaution and to protect the proper order of information dissemination the Company feels information can only be released after the patents have been filed to better protect shareholder value. The Company looks forward to releasing the test results and the technology developments shortly.
About Saint Jean
Saint Jean is a publicly traded carbon sciences 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
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". Such forward-looking statements include those with respect to the Company's intention to complete the Offering, use the proceeds of the Offering as working capital to fund the continued development of the Company's business, the Company's intention to complete the Divestitures and the intention to become a graphite procuring company.
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. There are risks which could affect Saint Jean's ability to complete the Transaction, the impact of general global economic conditions and the risk that they will deteriorate, industry conditions, including fluctuations in the price of supplies and the risk that they will increase, that required consents and approvals from regulatory authorities will not be obtained, that activity in the lump or vein graphite business will not be at the level or of the nature anticipated, liabilities and risks inherent in Saint Jean's operations, technical problems, equipment failure and construction delay.
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.