Nanotechnology Now

Our NanoNews Digest Sponsors



Heifer International

Wikipedia Affiliate Button


android tablet pc

Home > Press > Altair Nanotechnologies Receives $540,000 Order for Hybrid Electric Vehicle Battery Packs: DesignLine International to Equip Hybrid Demonstration Buse

Abstract:
Altair Nanotechnologies Inc. (NASDAQ: ALTI), a leading provider of advanced materials and products for power and energy systems, today announced it received an initial $540,000 order for four hybrid electric vehicle (HEV) demonstration battery packs from DesignLine International. The HEV battery packs will be utilized in buses for three city transit customers, and one HEV battery pack will be used for a modular testing program.

Altair Nanotechnologies Receives $540,000 Order for Hybrid Electric Vehicle Battery Packs: DesignLine International to Equip Hybrid Demonstration Buse

RENO, NV | Posted on October 17th, 2008

"This key, initial milestone in our HEV commercialization strategy leverages the distinctive value our technology can bring to the mass transit sector," said Terry M. Copeland, Altair's Chief Executive Officer. "With the completion of a successful demonstration program, we can anticipate an initial ramp-up of orders from DesignLine in 2009. We are aggressively pursuing similar opportunities in the mass transit sector and fully expect to have more customer wins with our enabling technology."

Altair will provide DesignLine International with 11Ah cells, which will be assembled into four 44kWh demonstration battery packs. Altair will configure the cells into modules and then integrate a battery management system supplied by DesignLine International. During the assembly process Altair will train DesignLine's personnel, preparing them to perform future modular assembly without Altair's assistance.

"The Altair lithium titanate cell technology in our proprietary battery design is particularly well suited for the DesignLine EcoSaver IV Hybrid System allowing the delivery of a superior performing product to our mass transit customers," said Brad C. Glosson, DesignLine International's Chief Executive Officer. "The selection of Altair battery cells for the company's hybrid demonstration buses was based on meeting four key criteria: the high energy capturing efficiency of the cells; its energy density to weight capability; the cell's ability to rapidly charge and discharge in temperatures ranging from -40 degrees C to +55 degrees C; and a long cycle life that complements our technically advanced vehicle platform."

DesignLine targets the mass transit sector with buses constructed with advanced, extruded aluminum technology for superior strength and reduced weight. The company employs a component manufacturing strategy and a manufacturing process that has been refined to approximate automotive tolerances. The bus features a curved, streamlined body, an expansive use of seamless windows, and provides a luxury ride for up to 42 passengers. The HEV bus operates in an electric-only mode for as much as 30 percent of its range and provides a 100 percent improvement in fuel economy over a diesel bus, with fuel savings of up to 6,000 gallons per year.

About DesignLine International

Headquartered in Charlotte, North Carolina, with manufacturing facilities in Charlotte and Ashburton, New Zealand, DesignLine was established in 1985 and produces high quality coaches, buses and specialty vehicles for the worldwide market with particular focus on its industry leading ECOSaver IV hybrid vehicle.

####

About Altair Nanotechnologies Inc.
Altair is charging the energy revolution with their proprietary nano-lithium titanate material. This unique material is incorporated into energy storage solutions for the stationary power and transportation markets. A seasoned management team complements Altair's leading edge scientists and engineers with substantial experience in commercializing innovative, disruptive technologies.

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 and related products 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, product 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:
Altair Nanotechnologies Inc.
C. Robert Pedraza
Vice President, Corporate Strategy
775.856.2500

Individual Investors:
Marty Tullio
Managing Member
McCloud Communications, LLC
949.553.9748

Copyright © Marketwire

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

Lifeboat Foundation Responds to Largest Ebola Outbreak in History October 2nd, 2014

Iran's Sharif University to Host 4th Conference on Nanostructured Solar Cells October 2nd, 2014

Multifunctional Cotton Fabrics Produced in Iran Using Nanotechnology October 2nd, 2014

Graphene chips are close to significant commercialization October 1st, 2014

Automotive/Transportation

Production of Anticorrosive Chromate Nanocoatings in Iran September 27th, 2014

Teijin Aramid’s carbon nanotube fibers awarded with Paul Schlack prize: New generation super fibers bring wave of innovations to fiber market September 25th, 2014

Next-Gen Luxury RV From Global Caravan Technologies Will Offer MagicView Roof and Windshield Using SPD-SmartGlass Technology From Research Frontiers: Recreational Vehicle Manufacturer Global Caravan Technologies (GCT) Features 28 Square Feet of MagicView™ SPD-SmartGlass September 17th, 2014

Toward making lithium-sulfur batteries a commercial reality for a bigger energy punch September 17th, 2014

Battery Technology/Capacitors/Generators/Piezoelectrics/Thermoelectrics

Stressed Out: Research Sheds New Light on Why Rechargeable Batteries Fail October 1st, 2014

Graphene and Amaranthus Superparamagnets: Breakthrough nanoparticles discovery of Indian researcher September 23rd, 2014

IEEE International Electron Devices Meeting To Celebrate 60th Anniversary as The Leading Technical Conference for Advanced Semiconductor Devices September 18th, 2014

Toward making lithium-sulfur batteries a commercial reality for a bigger energy punch September 17th, 2014

Alliances/Partnerships/Distributorships

'Stealth' nanoparticles could improve cancer vaccines October 1st, 2014

Yale University and Leica Microsystems Partner to Establish Microscopy Center of Excellence: Yale Welcomes Scientists to Participate in Core Facility Opening and Super- Resolution Workshops October 20 Through 31, 2014 September 30th, 2014

'Greener,' low-cost transistor heralds advance in flexible electronics September 24th, 2014

IEEE International Electron Devices Meeting To Celebrate 60th Anniversary as The Leading Technical Conference for Advanced Semiconductor Devices September 18th, 2014

New-Contracts/Sales/Customers

Fullerex: Talga Resources Joins INSCX™ Exchange September 4th, 2014

Global Energy Systems Signs Master Sales Agreement with China Aviation Supplies Group September 4th, 2014

East China University of Science and Technology Purchases Nanonex Advanced Nanoimprint Tool NX-B200 July 30th, 2014

University of Manchester selects Anasys AFM-IR for coatings and corrosion research July 30th, 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