Oracle Team Usa Breathes Life Into America’s Cup With Historic Comeback
Ellison said organizers have to figure out how to reduce costs to get more teams involved. Only Oracle and three challengers built 72-foot catamarans. One of the challengers, Artemis Racing, was never a factor after its first boat was destroyed in a capsize that killed British double Olympic medalist Andrew “Bart” Simpson during a training run on May 9. While a cause has never been announced, it’s believed the boat crashed because of a design flaw. British Olympic star Ben Ainslie, who replaced John Kostecki as tactician after Oracle lost four of the first five races, said sailing the AC72s changed his mind about the future of the America’s Cup. “If you asked me that question three months ago, I would have said match racing in monohulls is still for me preferable,” said Ainslie, who has four Olympic gold medals and one silver and hopes to launch a British challenger for the next America’s Cup. “But after what we’ve seen with this final, it’s just been breathtaking. I think to be talking about trying to make sailing a more popular sport for the future, then this is clearly the route. I think if you saw fleet racing in these types of boats it would be better still.” Ellison said Oracle has accepted a challenge from a foreign yacht club that will serve as challenger of record to help make decisions about the future. Oracle hasn’t identified that yacht club, but it’s believed to be from Australia. Oracle had to overcome a capsize last fall that damaged its first catamaran and a scandal involving illegal modifications of boats during the America’s Cup World Series that resulted in an international jury docking it two points in the finals and booting wing trimmer Dirk de Ridder. Not only did that mean Oracle had to win 11 races to keep the America’s Cup, but it found out its boat was slower than the Kiwi catamaran. While skipper Jimmy Spithill now a two-time Cup winner kept the sailing team focused, Coutts helped figure out ways to make the boat sail much faster upwind than Team New Zealand, which left the Kiwis deflated and defeated.
USA Graphite to Commence Exploration at Nevada Graphite Properties
Lithium-ion batteries, widely used in electronics like cell phones, power tools and notebook computers contain almost twenty times (20x) more graphite than lithium. According to a 2012 research report from investment banker Canaccord Genuity, “Annual flake graphite production will have to increase by a factor of six by 2020 to meet incremental lithium carbonate requirements for batteries.” China and India account for the majority of the world’s graphite supply with China accounting for 70-80%. Most of China’s current graphite production is considered lower grade small flake. China is a net importer of large flake graphite and has imposed strict export restrictions and quotas to retain its own graphite resources. Natural graphite is not currently mined in the United States in commercial quantities. About USA Graphite: USA Graphite is a publicly traded U.S. exploration company focused on the acquisition, exploration, and development of graphite properties in North America. USA Graphite intends to establish itself as a strategic domestic graphite supplier in the United States. The Company is currently advancing graphite projects in Nevada, offering what the Company believes to be considerable potential for the discovery of economic reserves of large flake, high-grade graphite; Blue Wing Mountains (1,985 acres – Pershing County), Gordon Creek (200 acres – Elko County), and Ruby Mountains (785 acres – Elko County). For additional information, please visit www.usa-graphite.com . “Safe Harbor” Statement: Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the Company’s expectations with regard to the future impact on the Company’s results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995.