Nanotechnology Now

Our NanoNews Digest Sponsors







Heifer International

Wikipedia Affiliate Button


Home > Press > Altair Nanotechnologies obtains congressional support for ongoing research

Abstract:
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.

Altair Nanotechnologies obtains congressional support for ongoing research

RENO, NV | Posted on October 4th, 2007

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/ .

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 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

Contacts:
Institutional Investors:
Fleishman-Hillard
Tom Laughran, Senior Vice President
312.751.3519


Retail and Individual Investors:
Marty Tullio, Managing Member
McCloud Communications, LLC
949.553.9748


Company Information:
Altair Nanotechnologies, Inc.
Edward Dickinson, Chief Financial Officer
775.856.3750


Media Relations:
Fleishman-Hillard
Terry Banks, Sr. Vice President
202.828.9710

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.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

Govt.-Legislation/Regulation/Funding/Policy

How do cold ions slide May 24th, 2013

Gold nanocrystal vibration captured on billion-frames-per-second film May 23rd, 2013

Whirlpools on the Nanoscale Could Multiply Magnetic Memory: At the Advanced Light Source, Berkeley Lab scientists join an international team to control spin orientation in magnetic nanodisks May 22nd, 2013

Atomic-Scale Investigations Solve Key Puzzle of LED Efficiency: MIT and Brookhaven Lab scientists use electron microscopy imaging techniques to settle a solid-state controversy and raise new experimental possibilities May 22nd, 2013

Sensors

IDTechEx launches online Market Intelligence Portal May 23rd, 2013

Innovation could bring flexible solar cells, transistors, displays May 22nd, 2013

New Nanopore Sensor Simplifies Analysis of Methylated DNA May 20th, 2013

Advancements and developments of solid-state nanopores sensors May 16th, 2013

Miscellaneous

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

Announcements

Nano-needles for cells May 25th, 2013

How do cold ions slide May 24th, 2013

Gold nanocrystal vibration captured on billion-frames-per-second film May 23rd, 2013

Glowing Plant Releases Maker Kit, Enabling Anyone to Make a Glowing Plant at Home: Glowing Plant seeks funds via crowdfunding and raises almost $400,000 May 23rd, 2013

Battery Technology/Capacitors/Generators/Piezoelectrics

IDTechEx launches online Market Intelligence Portal May 23rd, 2013

Add boron for better batteries: Rice University theorists say graphene-boron mix shows promise for lithium-ion batteries May 17th, 2013

New Mechanism Converts Natural Gas to Energy Faster, Captures CO2 May 7th, 2013

Microwave oven cooks up solar cell material: Nanocrystal semiconductor for photovoltaics, medical sensors, heat reuse May 6th, 2013

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








abbigliamento uomo
Computer Accessories
© Copyright 1999-2013 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE