Nanotechnology Now

Our NanoNews Digest Sponsors





Heifer International

Wikipedia Affiliate Button


DHgate

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

These microscopic fish are 3-D-printed to do more than swim: Researchers demonstrate a novel method to build microscopic robots with complex shapes and functionalities August 26th, 2015

Glitter from silver lights up Alzheimer's dark secrets August 25th, 2015

Southampton scientists find new way to detect ortho-para conversion in water August 25th, 2015

Industrial Nanotech, Inc. Provides Update On Hospital Project, PCAOB Audit, and New Heat Shield™ Line August 24th, 2015

Sensors

Successful boron-doping of graphene nanoribbon August 27th, 2015

Nanotechnology that will impact the Security & Defense sectors to be discussed at NanoSD2015 conference August 25th, 2015

High Precision, High Stability XYZ Microscope Stages, with Capacitive Feedback August 18th, 2015

Setting ground rules for nanotechnology research: Two new projects set the stage for nanotechnology research to move into Big Data August 18th, 2015

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

Small but heading for the big time: Nanobiotix half year results for the six months ended 30 June 2015, in line with expectations: Major clinical achievements and corporate developments August 28th, 2015

A new technique to make drugs more soluble August 28th, 2015

Nanocatalysts improve processes for the petrochemical industry August 28th, 2015

Nanolab Technologies LEAPS Forward with High-Performance Analysis Services to the World: Nanolab Orders Advanced Local Electrode Atom Probe (LEAP®) Microscope from CAMECA Unit of AMETEK Materials Analysis Division August 27th, 2015

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

CWRU researchers efficiently charge a lithium-ion battery with solar cell: Coupling with perovskite solar cell holds potential for cleaner cars and more August 27th, 2015

'Diamonds from the sky' approach turns CO2 into valuable products August 19th, 2015

Drexel engineers 'sandwich' atomic layers to make new materials for energy storage August 15th, 2015

Flexible, biodegradable device can generate power from touch (video) August 12th, 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