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January 20th, 2004
Altair Nanotechnologies Expands
Altair Nanotechnologies, Inc. announced today that it is expanding its engineering, research, and development teams. The expansion will be funded by the recent exercise of outstanding warrants by shareholders, which raised approximately $6.1 million over a two-month period beginning mid November 2003. Following the exercise of such warrants, the company has approximately 45.2 million common shares outstanding. "As a leader in nanotechnology, it is imperative we continue to invest in product innovation and technology leadership," said Altair Nanotechnologies president Dr. Rudi E. Moerck.
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