Home > News > Altair Nanotechnologies, Inc.: Charging toward a future of small particles
December 11th, 2007
Altair Nanotechnologies, Inc.: Charging toward a future of small particles
Nanotechnology is still a business of the future. Although great strides have been made in creating the technology of the ultra small, very few commercial products have yet made any money for their developers. Altair Nanotechnologies, Inc. (Nasdaq: ALTI) is a case in point. The Reno, Nev.-based company has so far delivered just 14 products — lithium ion batteries for electric cars — and those cars have yet to hit the market.
But the company has several development contracts and joint ventures with big corporations in the works, including paint maker Sherwin-Williams Company (NYSE: SHW) and drug makers Eli Lilly & Co. (NYSE: LLY) and Spectrum Pharmaceuticals, Inc. (Nasdaq: SPPI). If those ventures play out successfully, its tiny particles could prove to have a very big future.
From a peak of nearly $8 per share in 2000, the stock dropped to penny stock territory by mid-2003. It has steadily recovered since then, closing at $4.43 on Monday, with a market cap of $312 million, and is now flirting with the low end of analysts' targets. Three brokers polled by Thomson/First Call have price targets ranging from $5 to $6. Its 52-week high is $5.45, reached in October, and the low was $2.48, reached in January.
Nano Labs Shareholder Update March 8th, 2014
FEI Company Announces Date for Investor Conference Participation March 3rd, 2014
Industrial Nanotech, Inc. Completes On Site Visit by PCAOB Audit Firm - Nears Completion of Audit in Preparation for Move to a Senior Stock Exchange in Late 2014 February 27th, 2014
Harris & Harris Group Announces the Consulting Engagement of Peter J. Boni as a Senior Advisor February 26th, 2014
Squeezing light into metals: University of Utah engineers control conductivity with inkjet printer March 7th, 2014
Up-Converted Radio: The way to treat radio waves in a noisy environment is to turn them into visible light March 7th, 2014
Colored diamonds are a superconductor’s best friend March 6th, 2014
Green Chemistry Method Used for Production of Palladium Nanocatalyst March 5th, 2014
Carbodeon NanoDiamonds PTFE Coating doubles surface durability and reduces friction by up to 66 percent: New surface coating enables cost-effective CO2 and fuel reductions in machinery March 6th, 2014
Scientists Use Copper-Silicon Carbide Nanocomposite to Modify Resistant-Welding Electrodes February 8th, 2014
Controlled Spraying Resolves Main Problems in Nanostructured Thermal Barrier Coatings January 27th, 2014
Atomic-Scale Catalysts May Produce Cheap Hydrogen January 22nd, 2014
Nanotechnology may be key to solar energy and energy storage: New IEC and Fraunhofer ISI study finds that nanotechnology will bring significant benefits to energy sector February 25th, 2014
ORNL microscopy system delivers real-time view of battery electrochemistry February 19th, 2014
Advance in energy storage could speed up development of next-gen electronics February 19th, 2014
New 'pomegranate-inspired' design solves problems for lithium-ion batteries February 16th, 2014