American Resources Corporation's Affiliated Company, Novusterra Inc., Announces Strategic Partnership with Kenai Defense, Texas Tech University, to Support U.S. Army Objectives
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Market Expansion and Competitive Edge: The announcement of the United States Army's investment in Novusterra's patented technology signifies a pivotal moment for American Resources Corporation. This collaboration not only underscores the importance of advanced materials like carbon nanomaterials and graphene in modern defense applications but also highlights the growing global market for graphene, particularly in high-demand sectors such as semiconductors, electronics, energy storage and composites.
Graphene's unique properties, such as high tensile strength and electrical conductivity, make it a strategic resource for the defense industry. The low-cost feedstock approach using coal could offer a significant competitive advantage in terms of production efficiency and cost-effectiveness. This partnership could potentially lead to increased market share for American Resources Corporation and its affiliates in the advanced materials sector, as well as strengthen the supply chain for critical materials in the United States.
Strategic Implications for National Security: The investment by the United States Army into Novusterra's technology for defense applications has far-reaching implications for national security. The development of carbon nanostructures and graphene from coal presents an opportunity for the U.S. to fortify its technological capabilities and reduce reliance on foreign sources for critical materials.
By investing in domestically produced nanomaterials, the Army is enhancing its protective measures for sensitive technologies. This move aligns with a broader strategy to maintain technological superiority and could lead to innovations that provide the U.S. military with lighter, stronger and more efficient materials. The focus on low-cost and high-efficiency materials may also drive further research and development, potentially leading to breakthroughs in defense technologies.
Financial Implications and Investor Considerations: The partnership between Novusterra, Texas Tech University and Kenai Defense, facilitated by the United States Army's R&D investment, is likely to have a positive impact on American Resources Corporation's financial outlook. The development and potential commercialization of these advanced materials could lead to new revenue streams and strengthen the company's position in the stock market.
Investors should monitor the progress of this partnership closely, as the successful implementation of Novusterra's technology could result in increased profitability and market capitalization for American Resources Corporation. However, it is important to consider the typical risks associated with R&D investments, such as delays in development, technological challenges and the time required to achieve market readiness. The long-term financial benefits hinge on the successful integration of these materials into defense applications and the potential expansion into commercial markets.
Novusterra's patented technology will be further developed and implemented through a research and development investment by the United States Army
FISHERS, IN / ACCESSWIRE / February 13, 2024 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a next generation and socially responsible supplier of rare earth and critical elements, carbon and advanced carbon materials to the new infrastructure and electrification marketplace, today announced that their affiliated company, Novusterra Inc. (Private) ("Novusterra") a company specializing in the development and production of carbon nanomaterials and graphene for the infrastructure, agriculture, electrification economy, and national security announced today that the United States Army will be using its patented technology to develop greater protection of sensitive technologies. Through this collaborative partnership between Novusterra, Texas Tech University (its academic research partner), and under subcontract with Kenai Defense (a prime defense contractor with a focus on material technology development), the parties will further develop Novusterra's patents for the production of carbon nanostructures and graphene utilizing coal as its primary, low-cost feedstock for next-generation defense applications.
Greg Jensen, CEO of Novusterra commented, "We are honored to serve alongside our partners at Kenai Defense and Texas Tech University as we further develop our exclusively licensed patents to better serve our beloved United States Army and provide greater protection for their sensitive technologies. We look forward to supporting Kenai Defense and the United States Army as we work to provide low-cost carbon nanomaterial that will be utilized in national security-focused applications."
Novusterra continues its impressive growth of developing advanced applications that commercialize its exclusively licensed patents to produce carbon nanomaterials and graphene from low-cost, carbon-based feedstocks. Graphene is an allotrope of carbon consisting of a single layer of atoms arranged in a two-dimensional honeycomb lattice nanostructure. Graphene is extremely thin and extremely light yet harder than diamonds. Graphene has become a valuable and useful nanomaterial due to its exceptionally high tensile strength, electrical conductivity, transparency, and being the thinnest two-dimensional material in the world. The global market for graphene is rapidly expanding with most of the demand focused on development in semiconductors, electronics, energy storage/batteries, and composites.
About Novusterra Inc.
Novusterra's specializes in the development and commercialization of patented technology to produce low cost, high quality carbon nanostructures and graphene from carbon-based deposits to be utilized within the sustainable infrastructure, energy storage, agriculture and water filtration marketplaces. The Company secured its patents through the acquisition of an exclusive sublicense with American Resources Corporation (NASDAQ:AREC) which are designed to make use of an abundant and low-cost feedstock (coal) in an environmentally friendly process.
About American Resources Corporation
American Resources Corporation (NASDAQ:AREC) is a next-generation, environmentally and socially responsible supplier of high-quality raw materials to the new infrastructure market. The Company is focused on the extraction and processing of metallurgical carbon, an essential ingredient used in steelmaking, critical and rare earth minerals for the electrification market, and reprocessed metal to be recycled. American Resources has a growing portfolio of operations located in the Central Appalachian basin of eastern Kentucky and southern West Virginia where premium quality metallurgical carbon and rare earth mineral deposits are concentrated.
American Resources has established a nimble, low-cost business model centered on growth, which provides a significant opportunity to scale its portfolio of assets to meet the growing global infrastructure and electrification markets while also continuing to acquire operations and significantly reduce their legacy industry risks. Its streamlined and efficient operations are able to maximize margins while reducing costs. For more information visit americanresourcescorp.com or connect with the Company on Facebook, Twitter, and LinkedIn.
Special Note Regarding Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties, and other important factors that could cause the Company's actual results, performance, or achievements or industry results to differ materially from any future results, performance, or achievements expressed or implied by these forward-looking statements. These statements are subject to a number of risks and uncertainties, many of which are beyond American Resources Corporation's control. The words "believes", "may", "will", "should", "would", "could", "continue", "seeks", "anticipates", "plans", "expects", "intends", "estimates", or similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Any forward-looking statements included in this press release are made only as of the date of this release. The Company does not undertake any obligation to update or supplement any forward-looking statements to reflect subsequent events or circumstances. The Company cannot assure you that the projected results or events will be achieved.
Investor Contact:
JTC Team, LLC
Jenene Thomas
833-475-8247
arec@jtcir.com
RedChip Companies Inc.
Robert Foley
1-800-RED-CHIP (733-2447)
Info@redchip.com
Company Contact:
Mark LaVerghetta
Vice President of Corporate Finance and Communications
317-855-9926 ext. 0
investor@americanresourcescorp.com
SOURCE: American Resources Corporation
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