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

Construction of practical quantum computers radically simplified: Scientists invent ground-breaking new method that puts quantum computers within reach December 5th, 2016

Shape matters when light meets atom: Mapping the interaction of a single atom with a single photon may inform design of quantum devices December 4th, 2016

Research Study: MetaSOLTM Shatters Solar Panel Efficiency Forecasts with Innovative New Coating: Coating Provides 1.2 Percent Absolute Enhancement to Triple Junction Solar Cells December 2nd, 2016

Deep insights from surface reactions: Researchers use Stampede supercomputer to study new chemical sensing methods, desalination and bacterial energy production December 2nd, 2016

Sensors

Shape matters when light meets atom: Mapping the interaction of a single atom with a single photon may inform design of quantum devices December 4th, 2016

Deep insights from surface reactions: Researchers use Stampede supercomputer to study new chemical sensing methods, desalination and bacterial energy production December 2nd, 2016

Tip-assisted chemistry enables chemical reactions at femtoliter scale November 16th, 2016

'Back to the Future' inspires solar nanotech-powered clothing November 15th, 2016

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

Construction of practical quantum computers radically simplified: Scientists invent ground-breaking new method that puts quantum computers within reach December 5th, 2016

Shape matters when light meets atom: Mapping the interaction of a single atom with a single photon may inform design of quantum devices December 4th, 2016

UTSA study describes new minimally invasive device to treat cancer and other illnesses: Medicine diffusion capsule could locally treat multiple ailments and diseases over several weeks December 3rd, 2016

Novel Electrode Structure Provides New Promise for Lithium-Sulfur Batteries December 3rd, 2016

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

Novel Electrode Structure Provides New Promise for Lithium-Sulfur Batteries December 3rd, 2016

A Phone That Charges in Seconds? UCF Scientists Bring it Closer to Reality November 21st, 2016

'Back to the Future' inspires solar nanotech-powered clothing November 15th, 2016

Vesper a Finalist for Two ACE Awards: Ultimate Products and Innovator of the Year -- Industry’s first piezoelectric MEMS microphone and Vesper CTO Bobby Littrell recognized for prestigious electronics-industry awards November 10th, 2016

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