AGC’s proprietary low-temperature process has been proven successful in producing refined graphite materials that exceed quality and performance requirements of battery manufacturers. In April 2017, the most recent results from a series of independent tests confirmed 99.9999% carbon purity in a multi-kilogram sample of the Company’s primary product, Coated Spherical Purified Graphite (CSPG).
In our view, the stock is undervalued and is an interesting target for risk tolerant investors. We expect to see a continuing stream of announcements from the Company related to quality and performance testing at AGC’s own laboratory as well as from third parties. Results are expected in the near-term from qualification trials by prospective customers that received CSPG and PMG samples earlier in 2017. Each successive news release could elevate investor confidence that AGC’s management team is executing on the plan to enter the U.S. domestic market with an ultra-high purity graphite material suitable for use lithium ion batteries.