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American Resources Corporation's Affiliated Company, Novusterra Inc., Announces Strategic Partnership with Kenai Defense, Texas Tech University, and the United States Air Force
Novusterra's patent technology is being funded by a $6.5 million investment by the United States Air Force to improve durability of forward-deployed
About this update from American Resources Corporation
[{"type":"text","content":"Novusterra's patent technology is being funded by a $6.5 million investment by the United States Air Force to improve durability of forward-deployed airfieldsTechnology partnership is focused on the use of carbon nanomaterial additives to concrete to create enhanced durability of airfieldsFISHERS, IN / ACCESSWIRE / January 3, 2024 / American Resources Corporation (NASDAQ:AREC) (\"American Resources\" or the \"Company\"), a next generation and socially responsible supplier of rare earth and critical elements, carbon and advanced carbon materials to the new infrastructure and electrification marketplace, today announced that their affiliated company, Novusterra Inc. (Private) (\"Novusterra\") a company specializing in the development and production of carbon nanomaterials and graphene to the infrastructure, agriculture, and electrification economy, announced that its patented technology to produce carbon nanomaterial additives for concrete and asphalt pavements is being used as the exclusive patented technology in a comprehensive research project to improve the future durability of airfields for the United States Air Force.Greg Jensen, CEO of Novusterra commented, \"We are honored to serve alongside our partners at Kenai Defense, Texas Tech University and the United States Air Force as we use our exclusively licensed patents to better serve our beloved United States Air Force as we work to improve the durability of their domestic and forward deployed airfields. We are confident that this partnership, among dedicated and patriotic Americans, will make both our military and ultimately our Nation's infrastructure even stronger. The demand for infrastructure projects worldwide continues to accelerate due to rebuilding, energy transition and overall government stimulus, and we are well positioned to provide advanced, high-value technology to help produce better, more durable and greener materials and products to support such growth of modern infrastructure.\"According to the Global Infrastructure Outlook, the need for worldwide infrastructure investment is forecast to reach $94 trillion by 2040, and a further $3.5 trillion will be required to meet the United Nation's Sustainable Development Goals for electricity and water. As infrastructure is being developed and rebuilt, the need to focus on longer lasting, greener concrete is imperat...