Augrid Global Holdings' CCT Has Fourth Product

HOUSTON, Oct. 3, 2011 /PRNewswire/ -- (AGHD :pink sheets); Augrid Corporation's Carbon Composite Technologies (CCT) subsidiary is pleased to announce its fourth proprietary fiber architecture which complements its resistive and inductive heating technology to produce fiber reinforced plastics (FRP) and concrete parts.  Those products are manufactured more cost effectively based on lower tooling costs, faster through put speed, and better degree of cure and less energy consumption with the ability in post-production for radiant heating for warmth or de-icing.

Wet Laid non-woven carbon paper and fabric with specific chopped carbon fiber ratios to serve as a heater medium to cure Fiber Reinforced Plastics (FRP) and Molded Concrete Articles or used as a structural element which can be resistively or inductively heated.  This new application can also be used as the substrate in the production of solar panels.  The major feature of this fourth product is its cost effectiveness in terms of the fabric, energy consumption to cure or radiant heating.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements regarding AUGRID Corporation in this release that are not historical in nature, particularly those that utilize terminology such as "may," "should," "likely," "expects," "anticipates," "estimates, "believes" or "plans," or comparable terminology, are forward-looking statements based on current expectations about future events, which AUGRID Corporation has derived from the information currently available to it. These forward-looking statements involve known and unknown risks and uncertainties that may cause our results to be materially different from results implied in such forward-looking statements. Important factors known to AUGRID Corporation that could cause forward-looking statements to turn out to be incorrect are identified and discussed from time to time in AUGRID Corporation's filings with the Securities and Exchange Commission. The forward-looking statements contained in this release speak only as of the date hereof, and AUGRID Corporation undertakes no obligation to correct or update any forward-looking statements, whether as a result of new information, future events or otherwise.

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SOURCE Augrid Global Holdings Corporation

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