Press Releases
For Immediate Release
Altairnano and Phoenix to Exhibit at the Alternative Car and Transportation Expo
RENO, NV -- DECEMBER 5, 2006 -- Altair Nanotechnologies Inc. (Nasdaq: ALTI), will demonstrate its safe, fast charge, long life NanoSafe batteries in Phoenix Motorcars' zero emission, all electric, freeway-ready sports utility truck (SUT) and sports utility vehicle (SUV) at the Alternative Car and Transportation Expo to be held in Santa Monica, California on December 9th and 10th. The Altairnano-powered Phoenix SUT and SUV will be featured in both the Phoenix booth as well as in the Ride & Drive event.
Altairnano's nano-Titanate battery packs allow the Phoenix SUT to exceed all specifications for the State of California Type III ZEV. The NanoSafe 35kWh pack in the SUT can be recharged in less than 10 minutes with the appropriate battery charger, provides sufficient power and energy for a fleet vehicle to travel up to 130 miles at speeds up to 95mph.
"This event is an important milestone for Altairnano as the SUT is powered by the first NanoSafe battery production pack that we shipped to Phoenix in November," said Alan J. Gotcher, Ph.D., President and Chief Executive Officer of Altair Nanotechnologies Inc.
The Ride & Drive event will run for both days of the Expo and provides the general public the opportunity of riding in the Phoenix Motorcars SUT.
The Expo will be held at the Santa Monica Air Center. More information on the event can be found at www.altcarexpo.com
ABOUT ALTAIR NANOTECHNOLOGIES INC.
Altairnano is an innovator and supplier of advanced novel, ceramic nanomaterials. Altairnano's leading edge scientists are complemented by a seasoned management team 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.
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 producers of electric vehicles and hybrid electric vehicles will not adopt Altairnano's nano-Titanate battery technology for various reasons, including possible concerns as to whether the power, driving range, cycle life and other characteristics of the battery technology are suitable for electric or hybrid electric vehicles or about the design of Phoenix's SUT and SUV, and other vehicles incorporating the technology; that key commercial partners working with Altairnano on commercial uses for the nano-Titanate battery may proceed slowly with, or abandon, commercialization or marketing efforts; and that even if full commercialization occurs, sales may not reach expected levels for one or more reasons, including failure of end products to perform as expected, the introduction of a superior product or the withdrawal from the project of key commercial partners. 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 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 Additional Information:
Institutional Investors
Fleishman-Hillard
Tom Laughran, Senior Vice President
312.751.3519
laughrant@fleishman.com
Retail and Individual Investors
Marty Tullio, Managing Member
McCloud Communications, LLC
949.553.9748
marty@mccloudcommunications.com
Company Information
Altair Nanotechnologies, Inc.
Roy Graham, Sr. Vice President Commercial Development
775.856.2500
rgraham@altairnano.com
Media Relations
Fleishman-Hillard
Terry Banks, Sr. Vice President
202.828.9710
bankst@fleishman.com
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