Augrid Global Holdings' CCT is Targeting Growth

Oct 03, 2011, 11:02 ET from Augrid Global Holdings Corporation

HOUSTON, Oct. 3, 2011 /PRNewswire/ -- (PINKSHEETS: AGHD) Augrid Corporation's Carbon Composite Technologies (CCT) subsidiary is pleased to announce its proprietary fiber architectures, which complement 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.

The proprietary fiber architectures include Stitch Bonded Fabric with carbon filaments strategically placed to add reinforcement and resistive heating capability in the production of most Fiber Reinforced Plastic (FRP) products; Continuous Loop Carbon Filaments produced by warp knit method for ease of creating electrical circuits in fabrics for concrete cure and de-icing; and Resin/ Nano Matrices impregnated into light-weight, high-density fiberglass to add structure and light-weight for use in Wind Turbine Blades, Automotive, Airline Fuselages and Concrete for cure enhancements and de-icing.

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.

Contact:   Investor relations Craig Fischer - 888-405-3140

SOURCE Augrid Global Holdings Corporation