Abstract:
Jack Uldrich: Last week, Altair announced that Advanced Battery Technologies had licensed the company's nanomaterials for its lithium-ion battery product line. The news resulted in a 15 percent increase in Altair's stock price and an astounding 278 percent increase in Advanced Battery Technologies' stock. (Full disclosure: I do not own stock in either company). The MotleyFool ran an excellent article on this topic (which I strongly encourage my readers to read for themselves) but I'd also like to add my two cents on this news.