Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button


DHgate

Home > Press > Phoenix Motorcars Places $2.2 Million Order For NanoSafe™ Battery Packs from Altair Nanotechnologies

Abstract:
Altair Nanotechnologies Inc. (Nasdaq: ALTI), a leading provider of advanced nanomaterials technology used in energy, life sciences and industrial product applications, today announced it received a new order in the amount of $2,210,000 for its rapid-charge, high-power NanoSafeTM 35 KWh battery packs for use in sport utility trucks (SUTs) and sport utility vehicles (SUVs) manufactured by California-based Phoenix Motorcars, Inc.

Phoenix Motorcars Places $2.2 Million Order For NanoSafe™ Battery Packs from Altair Nanotechnologies

RENO, NV | Posted on May 10th, 2007

The new product order brings Phoenix's total purchase commitment on Altairnano NanoSafe battery packs to $4,075,000. Altairnano has shipped more than $1,475,000 of its 35 KWh battery packs to Phoenix.

"Altairnano's innovative NanoSafe battery packs enables Phoenix Motorcars SUTs and SUVs not only to meet — but to exceed — performance specifications for the State of California's Type III Zero Emissions Vehicle," said Altairnano President and CEO Alan J. Gotcher Ph.D. "Altairnano has a shipment ready for delivery to Phoenix later this week. All the required down payments have been made, and we expect the additional order for $2.2M battery packs will be delivered on schedule."

Altairnano's 35 KWh NanoSafe packs provide sufficient power and energy for SUT and SUV vehicles to travel up to 130 miles with a top speed of over 100 miles per hour. NanoSafe battery packs can be recharged in less than 10 minutes using an industrial 480-volt battery-charging platform. NanoSafe battery packs can also be charged over longer periods of time when using typical 120 or 240 volt power sources. An on-board charger that is compatible with these lower voltage sources is standard equipment for both the Phoenix SUT and SUV vehicles.

"The quality, performance, safety and reliability of Altairnano NanoSafe battery packs is a critical element in our ability to advance in the marketplace," said Phoenix Motorcars' CEO Daniel J. Elliott. "Phoenix is committed to using only Altairnano's NanoSafe battery packs, and we intend on keeping our purchase and supply commitment to Altairnano."

####

About Altair Nanotechnologies Inc.
Altairnano 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. For more information visit http://www.altairnano.com .

Forward-Looking Statements

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 Phoenix Motorcars will not make any additional orders under its supply agreement with Altairnano because of possible limitations on its working capital, possible limits on the demand for its SUV and SUTs, issues related to battery performance or vehicle performance or other possible reasons and that Phoenix will not comply with its contractual obligations with respect to existing orders. In addition, other risks 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.

For more information, please click here

Contacts:


Institutional Investors:
Fleishman-Hillard
Tom Laughran, Senior Vice President, 312-751-3519

or
Retail Investors:
McCloud Communications, LLC
Marty Tullio, Managing Members, 949-553-9748

or
Media Relations:
Fleishman-Hillard
Terry Banks, Senior Vice President, 202-828-9710

or
Company Information:
Altair Nanotechnologies Inc.
Ed Dickinson, Chief Financial Officer, 775-858-3750

Copyright © Business Wire 2007

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

Announcements

Study reveals how herpes virus tricks the immune system February 5th, 2016

Hepatitis virus-like particles as potential cancer treatment February 5th, 2016

Organic crystals allow creating flexible electronic devices: The researchers from the Faculty of Physics of the Moscow State University have grown organic crystals that allow creating flexible electronic devices February 5th, 2016

Researchers discover new phase of boron nitride and a new way to create pure c-BN February 5th, 2016

Automotive/Transportation

Researchers develop completely new kind of polymer: Hybrid polymers could lead to new concepts in self-repairing materials, drug delivery and artificial muscles January 30th, 2016

An alternative to platinum: Iron-nitrogen compounds as catalysts in graphene January 28th, 2016

LC.300 Series Nanopositioning Controller from nPoint January 28th, 2016

Vesper Collaborates with GLOBALFOUNDRIES to Deliver First Piezoelectric MEMS Microphones: Acoustic sensing company works with top foundry to support mass-market consumer products January 21st, 2016

Battery Technology/Capacitors/Generators/Piezoelectrics/Thermoelectrics/Energy storage

Nature Materials: Smallest lattice structure worldwide: 3-D lattice with glassy carbon struts and braces of less than 200 nm in diameter has higher specific strength than most solids February 3rd, 2016

Putting silicon 'sawdust' in a graphene cage boosts battery performance: Approach could remove major obstacles to increasing the capacity of lithium-ion batteries January 30th, 2016

Teijin to Participate in Nano Tech 2016 January 21st, 2016

Superoxide gives lithium-air batteries a jolt January 15th, 2016

New-Contracts/Sales/Customers

Heriot-Watt's Institute of Photonics & Quantum Sciences uses the Deben Microtest 2 kN tensile stage to characterise ceramics and engineering plastics January 21st, 2016

Industrial Nanotech, Inc. Begins Supplying One of World's Largest Pulp and Paper Product Companies with Patented Energy Saving and Protective Coatings for Heat Process Equipment January 4th, 2016

Industrial Nanotech, Inc. Announces Two More Offshore Oil and Gas Platform Projects December 9th, 2015

Nanotech Signs MOU with Leading European Manufacturer to Supply Optical Thin Film to the Banknote Market: Alliance Combines Technology and Production Capacity to Address High Volume Opportunities November 17th, 2015

NanoNews-Digest
The latest news from around the world, FREE




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







Car Brands
Buy website traffic