Pyrograf Products expanded Distributorship Agreement with GSI Creos

28 March 2002

Pyrograf Products, a subsidiary of Applied Sciences, Inc., have renewed and expanded the Distributorship Agreement with GSI Creos Corporation (GSI) of Tokyo, Japan.

GSI also made an additional equity investment in Pyrograf Products to expand the production, sales, and marketing of Pyrograf-III especially for the Asian market. Pyrograf-III is a vapor grown carbon fiber, called a carbon nanofiber, and is finding widespread use as an ingredient to enhance the electrical, mechanical, chemical and thermal properties of plastics and other materials. The agreement provides for a substantial increase in the amount of Pyrograf-III to be produced.

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