- About Us
- Career Center
- Nano-Social Network
- Nano Consulting
- My Account
Altair Nanotechnologies Inc. (NASDAQ: ALTI), a leading manufacturer of safe, high-performance NanoSafe® battery pack products and nano materials technology used in energy, power and life sciences applications, yesterday obtained congressional support for funding two important Altairnano projects. The U.S. Senate approved a military funding budget that included funding for two cutting-edge nanotechnology research and development projects that Altairnano is conducting.
One project receiving continued funding allocations in the proposed bill was for a 2.5-megawatt stationary power supply for the U.S. Navy. It involves the development of large, advanced lithium Titanate energy storage packs to replace diesel fuel powered generators on the Navy's largest ships. Altairnano's lithium Titanate energy storage packs provide energy in an environmentally sustainable manner and with safety characteristics not found in other batteries. A second project is the development of nanosensors that can detect explosive materials and chemical warfare agents that might threaten soldiers in combat, with more accuracy and reliability.
"Funding for these projects helps Altair Nanotechnologies employ 90 highly-qualified staff in the Reno area, expand the high-tech work going on in Nevada, and could provide significant benefits to our armed forces," said Altairnano President and Chief Executive Officer, Alan J. Gotcher, PhD. We are pleased that Congress recognizes the importance of our research and development projects for helping to reduce energy usage and provide new levels of detection against threats to our troops."
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. 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/ .
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 Altairnano'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 that development of the large advanced lithium ion-based batteries and nanosensors described herein will not be completed for technical, political, strategic or other reasons; that any products developed will not performed as expected in future testing or real-world applications; and that even if full commercialization occurs, sales may not reach expected levels and/or costs associated with production may exceed revenues. In addition, other risks are identified in the company's most recent Annual Report on Form 10-Kfiled 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
Tom Laughran, Senior Vice President
Retail and Individual Investors:
Marty Tullio, Managing Member
McCloud Communications, LLC
Altair Nanotechnologies, Inc.
Edward Dickinson, Chief Financial Officer
Terry Banks, Sr. Vice President
Copyright © Altair Nanotechnologies Inc.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.
|Related News Press|
Weird quantum effects stretch across hundreds of miles July 21st, 2016
Scientists glimpse inner workings of atomically thin transistors July 21st, 2016
Easier, faster, cheaper: A full-filling approach to making nanotubes of consistent quality: Approach opens a straightforward route for engineering the properties of single-wall carbon nanotubes July 19th, 2016
UNIST engineers octopus-inspired smart adhesive pads July 15th, 2016
Editorial: Choices for Congress September 9th, 2010
Stephen Hawking - 'Don't Talk to Aliens' April 26th, 2010
It’s about damn time: Medvedev bans nanodemocracy April 15th, 2010
Savor maple syrup time in Ohio: Travel in 3s February 20th, 2010
A 'smart dress' for oil-degrading bacteria July 24th, 2016
New remote-controlled microrobots for medical operations July 23rd, 2016
Battery Technology/Capacitors/Generators/Piezoelectrics/Thermoelectrics/Energy storage
Yale researchers’ technology turns wasted heat into power June 27th, 2016