Nanotechnology Now





Heifer International

Wikipedia Affiliate Button


DHgate

Home > Press > Altair Nanotechnologies and AES Corporation Announce Joint Development

Abstract:
Altair Nanotechnologies executes joint development and equipment purchase agreement with AES Corporation for advanced energy storage products

Altair Nanotechnologies is jointly developing energy storage solutions to improve the electric grid

Altair Nanotechnologies and AES Corporation Announce Joint Development

RENO, NV | Posted on July 23rd, 2007

Altair Nanotechnologies Inc. (NASDAQ: ALTI), a leading manufacturer of safe, high-performance NanoSafe™ battery pack products and energy storage products announced today that it has finalized a joint development and equipment purchase agreement related to Altairnano's battery technology and energy storage products with global power leader AES Corporation (NYSE: AES). AES is one of the world's largest power companies, with operations in 28 countries on five continents. AES's generation and distribution facilities have the capacity to serve 100 million people worldwide.

Earlier this year, AES completed a $3 million strategic investment in Altairnano.

Under the terms of the deal, Altairnano and AES will jointly develop a suite of energy storage solutions specifically for AES. These energy storage products are expected to deliver in excess of 1MW of power and 500 KWh of energy. Altairnano is working with AES to apply these products and systems at strategic points within the electrical grid to more efficiently deal with congestion, peak energy consumption, and real-time fluctuations in electricity demand. The quick response time, extended life, and power profile of the Altairnano batteries and energy storage products are well suited to improving performance in these areas with lower environmental impact than traditional generation solutions.

Delivery to AES of the prototype Altairnano energy storage products is scheduled for the end of the year.

"This agreement demonstrates the unique product performance of Altairnano's technology to improve the operation of the electrical grid, one of the most critical infrastructures in the world," said Altairnano President and Chief Executive Officer, Alan J. Gotcher, PhD. "We are very proud to work with the AES Corporation in these market applications and we look forward to jointly creating solutions for their businesses around the globe."

####

About Altair Nanotechnologies
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. Altairnano is a leading manufacturer of advanced battery pack systems which are used in stationary power applications and electric and hybrid-electric vehicles. For more information visit: <http://www.altairnano.com/>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 development of the energy storage systems with AES may be delayed or cancelled because of technical obstacles, disruptive events or shifts of corporate focus by either company and that following the development and delivery of prototype storage systems to AES, additional purchases by AES or third parties may be limited due to competition, performance issues or other factors affecting demand. 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


Media Relations:
Fleishman-Hillard
Terry Banks
Senior Vice President
202.828.9710

Copyright © Altair Nanotechnologies

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

Superconductor could be realized in a broken Lorenz invariant theory July 7th, 2015

New technique enables magnetic patterns to be mapped in 3-D July 7th, 2015

Crystal structure and magnetism -- new insight into the fundamentals of solid state physics: HZB team decodes relationship between magnetic interactions and the distortions in crystal structure within a geometrically 'frustrated' spinel system July 7th, 2015

Down to the quantum dot: Jülich researchers develop ultrahigh-resolution 3-D microscopy technique for electric fields July 7th, 2015

Energy

New technology using silver may hold key to electronics advances July 2nd, 2015

Visible Light-Sensitive Photocatalysts Used for Purification of Contaminated Water in Iran June 30th, 2015

June 29th, 2015

Making new materials with micro-explosions: ANU media release: Scientists have made exotic new materials by creating laser-induced micro-explosions in silicon, the common computer chip material June 29th, 2015

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

New micro-supercapacitor structure inspired by the intricate design of leaves: A team of scientists in Korea has devised a new method for making a graphene film for supercapacitors July 2nd, 2015

Samsung's New Graphene Technology Will Double Life Of Your Lithium-Ion Battery July 1st, 2015

June 29th, 2015

X-rays and electrons join forces to map catalytic reactions in real-time: New technique combines electron microscopy and synchrotron X-rays to track chemical reactions under real operating conditions June 29th, 2015

Alliances/Trade associations/Partnerships/Distributorships

Harris & Harris Group Portfolio Company, AgBiome, Announces Partnership to Accelerate the Discovery of Next Generation Insect-Resistant Crops July 1st, 2015

Graphene breakthrough as Bosch creates magnetic sensor 100 times more sensitive than silicon equivalent June 28th, 2015

Dyesol Joins Solliance as an Industrial Partner June 17th, 2015

The European project SVARNISH, a step forward in the food packaging sector June 11th, 2015

Research partnerships

Superconductor could be realized in a broken Lorenz invariant theory July 7th, 2015

Fundamental observation of spin-controlled electrical conduction in metals: Ultrafast terahertz spectroscopy yields direct insight into the building block of modern magnetic memories July 6th, 2015

Surfing a wake of light: Researchers observe and control light wakes for the first time July 6th, 2015

Tel Aviv/Tsinghua University project uses crowd computing to improve water filtration: The research, a product of the new TAU-Tsinghua XIN Center, was conducted by 150,000 volunteers at IBM's World Community Grid July 6th, 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