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Altair Nanotechnologies Inc. (Nasdaq: ALTI) will exhibit its NanoSafe™ battery packs, as installed in Phoenix Motorcars' sports utility trucks (SUT), at the Alternative Fuels and Vehicles National Conference & Expo, the world's largest alternative fuel and vehicle technology gathering, held April 1-4 in Anaheim, Calif.
The Altairnano battery-powered Phoenix SUTs are attracting growing attention from a variety of fleet vehicle operators seeking safe, reliable, powerful zero-emissions vehicles. Pacific Gas and Electric Company (PG&E) recently placed an order with Phoenix to add its all-electric, zero-emissions Phoenix SUT to the PG&E service vehicle fleet.
Altairnano's safe, fast-charging, long-life nano-Titanate battery packs enable Phoenix's freeway-ready SUT to exceed all specifications for the State of California Type III ZEV accreditation. Altairnano's NanoSafe 35kWh pack can be recharged in less than 10 minutes with sufficient electric transmission capacity and provides power and energy for a full-size fleet vehicle to travel up to 130 miles, carrying up to five adults, at speeds exceeding 100 mph.
"This event is a great opportunity for us to demonstrate how and why the Phoenix SUT, powered by an Altairnano NanoSafe battery, is an excellent solution for the wide array of challenges faced by the fleet vehicle market," said Alan J. Gotcher, Ph.D., President and Chief Executive Officer of Altair Nanotechnologies Inc.
The Altairnano-powered Phoenix SUT will be featured in both the Phoenix booth as well as in the Ride & Drive event. The Ride & Drive event will run Sunday, April 1st and Tuesday, April 3rd from 11:00am to 1:30pm each day and provides the general public the opportunity of riding in the Phoenix Motorcars SUT.
The Expo will be held at the Anaheim Convention Center in Anaheim, California. More information on the event can be found at http://www.afvi.org/NationalConference2007
About Altair Nanotechnologies Inc.
ltairnano is an innovator and supplier of advanced novel, ceramic nanomaterials. A seasoned management team complements Altairnano’s leading edge scientists, with substantial experience in commercializing innovative, disruptive technologies. The company has developed nanomaterials for the alternative energy, life sciences and performance materials markets based on its proprietary manufacturing process. This process also provides the foundation for its innovative AHP pigment process.
This release may contain forward-looking statements as well as historical information. Forward-looking statements, which are included in accordance with the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, may involve risks, uncertainties and other factors that may cause the company's actual results and performance in future periods to be materially different from any future results or performance suggested by the forward-looking statements in this release. These risks and uncertainties include, without limitation, the risks that producers of electric vehicles and hybrid electric vehicles will not adopt Altairnano's nano-Titanate battery technology for various reasons, including possible concerns as to whether the power, driving range, cycle life and other characteristics of the battery technology are suitable for electric or hybrid electric vehicles; that key commercial partners working with Altairnano on commercial uses for the nano-Titanate battery may proceed slowly with, or abandon, commercialization or marketing efforts; and that even if full commercialization occurs, sales may not reach expected levels for one or more reasons, including failure of end products to perform as expected, the introduction of a superior product or the withdrawal from the project of key commercial partners. In general, Altairnano is, and expects to be in the immediate future, dependent upon funds generated from sales of securities, grants, testing agreements, and licensing agreements to fund its testing, development and ongoing operations. In addition, other risks are identified in the company's most recent Annual Report on Form 10-K filed with the SEC. Such forward-looking statements speak only as of the date of this release. Certain risks that may cause actual results to differ are identified in the company's most recent Annual Report on Form 10-K and Form 10-Q, as filed with the SEC. Such forward-looking statements speak only as of the date of this release. The company expressly disclaims any obligation to update or revise any forward-looking statements found herein to reflect any changes in company expectations or results or any change in events.
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Terry Banks, Senior Vice President, 202-828-9710
Altair Nanotechnologies Inc.
Ed Dickinson, Chief Financial Officer, 775-858-3750
Tom Laughran, Senior Vice President, 312-751-3519
McCloud Communications, LLC
Marty Tullio, Managing Member, 949-553-9748
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