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Altair Nanotechnologies Inc. (Nasdaq: ALTI) announces the voting results of its 2008 Annual Meeting of Shareholders held May 29, 2008 in Reno, Nev. The company's shareholders of record as of March 31, 2008 approved two proposals as listed in the Altair Nanotechnologies Definitive Proxy Statement filed with the Securities and Exchange Commission on April 14, 2008:
* Election of all six management nominees to the Altair Nanotechnologies board of directors.
* Authorization of the appointment of Perry Smith LLP as the company's independent auditors and authorization of the company's audit committee to set the auditors' remuneration.
At the conclusion of the meeting, Terry Copeland, interim President, discussed Altair Nanotechnologies' 2007 highlights and its ongoing business strategy. A transcript of the annual meeting is currently available on the "Investors" page of the Altair Nanotechnologies Web site.
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. For more information, visit www.altairnano.com.
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 development of any the early-stage products referred to in this release will not be completed because for technical, business or other reasons; that any products under development or in the early commercial stages will not perform as expected in future testing or commercial applications; that one or more of the joint development partners or customers may proceed slowly with, or abandon, development or commercialization efforts for any of various reasons, including concerns with the feasibility of the product or the financial viability of continuing with our products or their product; that sales of commercialized Altairnano products may not reach expected levels for one or more reasons, including the failure of end products to perform as expected or the introduction of a superior product; and that costs associated with the proposed products may exceed revenues. In general, Altairnano is, and expects to be in the immediate future, dependent upon funds generated from sales of securities, grants, testing agreements, and licensing agreements to fund its testing, development and ongoing operations. In addition, other risks are identified in the company's most recent Annual Report on Form 10-K 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.
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Altair Nanotechnologies, Inc.
C. Robert Pedraza
McCloud Communications, LLC
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