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China Carbon Graphite Group Announces Graphene Technology Research Partnership

China Carbon Graphite Group, Inc. logo

NEW YORK, Dec. 3, 2012 (GLOBE NEWSWIRE) -- China Carbon Graphite Group, Inc. (OTCBB:CHGI) ("China Carbon" or the "Company"), the largest wholesale supplier of fine-grain and high-purity graphite in China and one of the nation's top manufacturers of carbon and graphite products, is pleased to announce it has been working on a graphene technology research program with the top Chinese institute in that field.

Speaking at the HiAlpha® Mining Investment Conference in New York last week, CEO Donghai Yu stated that the company's future lies in high-tech graphite products and cited the need to expand its technological research on graphene. "As one of our future growth strategies, a breakthrough in this area would be decisive in distinguishing our company as the leader of this industry in China. We are confident that we will make further progress in 2013, and solidify our position as one of China's premier graphite companies."

According to the American Chemical Society, graphene is a "wonder material" 100 times stronger than steel, yet so thin that a single ounce of it could cover 28 football fields. Graphene is a cutting-edge carbon allotrope similar to graphite, but with only a one-atom thick molecular structure that gives it phenomenally strong and light-weight properties. Additionally, graphene is flexible and a better conductor than copper, making it a revolutionary material for a broad range of industries.

About China Carbon Graphite Group, Inc.

China Carbon Graphite Group, through its affiliate, Xingyong Carbon Co., Ltd., manufactures graphite and carbon based products in China. The company is the largest wholesale supplier of fine-grain and high-purity graphite in China and one of the nation's top overall producers of carbon and graphite products. Fine grain graphite is widely used in smelting for colored metals and rare earth metal smelting as well as the manufacture of molds. High purity graphite is used in metallurgy, mechanical industry, aviation, electronic, atomic energy, chemical industry, food industry and a variety of other fields. In September 2007, the Company was approved and designated by the Ministry of Science & Technology as a "National Hi-tech Enterprise," a distinction that the Company still holds. Of the more than 400 carbon graphite producers in China, China Carbon is the only non-state-owned company to receive this honor. For more information, please visit www.chinacarboninc.com.

The China Carbon Graphite Group, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=15754

CONTACT: Investor Contact: Ms. Renee Volaric Director - Market Intelligence & PR RB Milestone Group, LLC Tel: (212) 661-0075 ext. 113 Email: RVolaric@RBMilestone.com Media Contact: Mr. Douglas Allen Associate - Market Intelligence & PR RB Milestone Group, LLC Tel: (212) 661-0075 ext. 118 Email: DAllen@RBMilestone.com Company Contact: Mr. Donghai Yu Chief Executive Officer China Carbon Graphite Group Inc. Email: ir@chinacarboninc.com

Source:China Carbon Graphite Group, Inc.