I have issues with SJL...WHY WOULD THEY BE GIVEN A GOVERNMENT GRANT??
OAKVILLE, ONTARIO--(Marketwired - Dec. 15, 2016) - Saint Jean Carbon Inc. ("Saint Jean" or the "Company") (TSX VENTURE:SJL), a carbon science company engaged in the design and build of energy storage carbon materials, is pleased to announce that the Company and Western University have received a second grant towards the development of graphene-based systems with special magnetic properties. The $100,000 grant will be used to cover the cost of the lab work, testing, material creation and all research associated costs. Other costs to the project such as; external engineering, raw material, specialty equipment and intellectual property is supplied by the Company and the partners.
Paul Ogilvie, CEO, commented: "The continued support from the The Natural Sciences and Engineering Research Council of Canada (NSERC) is greatly appreciated, and is a real big help in getting beyond the lab and into working prototypes, scaled models and future commercial production. All the steps along the way to room temperature superconductivity at an atomic level has been supported by the NSERC and we are hopeful that the last phase in this project will bring positive results. We stay focused that the results will play a big role in the medical field as well in energy storage for electric cars and green energy creation."
Superconductivity is a phenomenon of exactly zero electrical resistance and expulsion of magnetic flux fields occurring in certain materials when cooled below a characteristic critical temperature. It was discovered by Dutch physicist Heike Kamerlingh Onnes, on April 8, 1911 in Leiden. Like ferromagnetism and atomic spectral lines, superconductivity is a quantum mechanical phenomenon. It is characterized by the Meissner effect, the complete ejection of magnetic field lines from the interior of the superconductor as it transitions into the superconducting state. The occurrence of the Meissner effect indicates that superconductivity cannot be understood simply as the idealization of perfect conductivity in classical physics.
The electrical resistance of a metallic conductor decreases gradually as temperature is lowered. In ordinary conductors, such as copper or silver, this decrease is limited by impurities and other defects. Even near absolute zero, a real sample of a normal conductor shows some resistance. In a superconductor, the resistance drops abruptly to zero when the material is cooled below its critical temperature. An electric current flowing through a loop of superconducting wire can persist indefinitely with no power source.
The Company looks forward to providing regular updates on the project.
About Saint Jean Carbon
Saint Jean is a publicly traded carbon science company, with specific interests in energy storage and green energy creation, with holdings in graphite mining and lithium claims in the province of Quebec in Canada. For the latest information on Saint Jean's properties and news please refer to the website: https://www.saintjeancarbon.com/
On behalf of the Board of Directors
Saint Jean Carbon Inc.
Paul Ogilvie, CEO and Director