Nanotechnology Now

Our NanoNews Digest Sponsors





Heifer International

Wikipedia Affiliate Button


android tablet pc

Home > Press > Altairnano Signs $2.5 Million U.S. Navy Contract for Development of Nano-Lithium Titanate Battery Technology

Abstract:
U.S. Navy Plans Launch of First Battery Backup System for Naval Applications

Altairnano Signs $2.5 Million U.S. Navy Contract for Development of Nano-Lithium Titanate Battery Technology

RENO, NV | Posted on January 30th, 2008

Altair Nanotechnologies Inc. (NASDAQ: ALTI), a leading provider of advanced nanomaterials technology used in power and energy systems, life sciences and industrial applications, today announced the signing of a $2.5 million contract with the United States Navy for the development of battery backup power systems in Naval applications.

Under the terms of the contract, Altair will develop an optimized battery cell employing its nano-sized lithium titanate (n-LTO) electrode materials and then demonstrate the performance and safety attributes of the cell. Altair will also develop and demonstrate a modular system design for utilization of the product technology in multiple military applications, including energy and power storage for Naval applications. The $2.5 million contract is funded as part of a $3.3 million United States Navy program that includes independent product testing by the Navy.

"This is a validation test program for our new disruptive battery technology," said Altairnano CEO and President Alan J. Gotcher, Ph.D. "We are proud to be working with the U.S. Navy and assisting in the launch of a new class of battery backup systems for its fleet performance application. Warships, in particular, run two generators continuously, one to supply energy and one to provide a backup energy source. The fuel cost for the backup is staggering. We look forward to working with the Navy team in developing and commercializing our product technology."

####

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.

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 company'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 development of the advanced lithium ion-based batteries described herein will not be completed for technical, political, strategic or other reasons; that any products developed will not perform as expected in future testing or real-world applications; and that even if full commercialization occurs, products sales may be limited and costs associated with production may exceed revenues. In addition, other risks are identified in the company's most recent Annual Report on Form 10-K and Form 10-Q, as filed 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
312-751-3519
Senior Vice President

or
Media Relations:
Fleishman-Hillard
Terry Banks
202-828-9710
Senior Vice President

or
Retail Investors:
McCloud Communications, LLC
Marty Tullio
949-553-9748
Managing Members

or
Company Information:
Altair Nanotechnologies Inc.
Ed Dickinson
775-858-3750
Chief Financial Officer

Copyright © Business Wire 2008

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

News and information

Organometallics welcomes new editor-in-chief: Paul Chirik, Ph.D. July 22nd, 2014

The Hiden EQP Plasma Diagnostic with on-board MCA July 22nd, 2014

Iran to Hold 3rd Int'l Forum on Nanotechnology Economy July 22nd, 2014

Nanometrics Announces Upcoming Investor Events July 22nd, 2014

Govt.-Legislation/Regulation/Funding/Policy

NIST shows ultrasonically propelled nanorods spin dizzyingly fast July 22nd, 2014

Penn Study: Understanding Graphene’s Electrical Properties on an Atomic Level July 22nd, 2014

Oregon chemists eye improved thin films with metal substitution: Solution-based inorganic process could drive more efficient electronics and solar devices July 21st, 2014

More than glitter: Scientists explain how gold nanoparticles easily penetrate cells, making them useful for delivering drugs July 21st, 2014

Announcements

Nanometrics Announces Upcoming Investor Events July 22nd, 2014

Bruker Awarded Fourth PeakForce Tapping Patent: AFM Mode Uniquely Combines Highest Resolution Imaging and Material Property Mapping July 22nd, 2014

NIST shows ultrasonically propelled nanorods spin dizzyingly fast July 22nd, 2014

Penn Study: Understanding Graphene’s Electrical Properties on an Atomic Level July 22nd, 2014

Military

Carbyne morphs when stretched: Rice University calculations show carbon-atom chain would go metal to semiconductor July 21st, 2014

Tiny laser sensor heightens bomb detection sensitivity July 19th, 2014

Future Electronics May Depend on Lasers, Not Quartz July 17th, 2014

Rice nanophotonics experts create powerful molecular sensor: Sensor amplifies optical signature of single molecules about 100 billion times July 15th, 2014

Battery Technology/Capacitors/Generators/Piezoelectrics/Thermoelectrics

Labs characterize carbon for batteries: Rice, Lawrence Livermore scientists calculate materials’ potential for use as electrodes July 14th, 2014

Nanotechnology that will impact the Security & Defense sectors to be discussed at NanoSD2014 conference July 8th, 2014

Using Sand to Improve Battery Performance: Researchers develop low cost, environmentally friendly way to produce sand-based lithium ion batteries that outperform standard by three times July 8th, 2014

The first demonstration of a self-powered cardiac pacemaker June 23rd, 2014

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







© Copyright 1999-2014 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE