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Just checking in here. It went just as I suspected it would. Move to China with intellectual property as your main or, only asset and there will be nothing to salvage. Sure glad I dumped this when I did. It did very well for me a few times. The move to China was a huge mistake. Looks like companies would eventually learn this fact.
ALTI revoked despite the company filing a delinquent 10K and 3 delinquent 10Q's:
https://www.sec.gov/litigation/admin/2016/34-79332.pdf
The Financials filed yesterday....too late!!
https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001016546&owner=exclude&count=40&hidefilings=0
ALTI SEC Admin Proceedings ordering company to file delinquent Financials by Nov. 15,2016 or be subject to revocation of its stock registration.
https://www.sec.gov/litigation/admin/2016/34-78998.pdf
https://www.sec.gov/litigation/admin/2016/34-78997.pdf
LOL, that China move did not work out so well? Did they get their ip stolen?
TOTAL collapse...BK coming?
PENNY STOCK and still more red
Bummer...ALTI delisted from NASDAQ...Pinks ahead[?]
http://nanotech.einnews.com/pr_news/223882591/altair-nanotechnologies-notifies-the-nasdaq-of-voluntary-delisting
Wow, this thing still going nowhere? They cant even get their financials filed on time. Two Nasdaq letters in one month. This company seems to get worse and worse. They do have great tech though, if they can hold on to it down there in China. That will be a job in its self with all of the tech theft allowed. The China move was a huge mistake IMHO.
Should benefit heavily on lithium demand in China. TSLA move could make it rise.
keep sellllllinnnggggggg whooo hhhoooo
sell motermer selllllllll
This is what we were waiting for
what a runner
news ..
On February 9, 2011, Altairnano, Inc. (the "Company") entered into a contract with Inversiones Energeticas S.A. de C.V. (“INE”) in El Salvador to supply a ten megawatt ALTI-ESS energy storage system, which would provide frequency regulation services for the electric grid. Under the contract, the Company could not commence work until INE issued a “Notice to Proceed” to the Company. In turn, the issuance of INE’s Notice to Proceed was contingent on certain technical and commercial regulatory approvals, first from the Unidad Transacciones (“UT”), which oversees the transmission market in El Salvador, and then from the Superintendencia General de Electrcidad y Telecomunicaciones (“SIGET”), which sets the criteria for operating the wholesale electricity market.
Shortly after the execution of the Contract the Company was notified on April 11, 2011, that INE was exercising its right to cancel the contract. According to its termination letter, INE stated that its decision was based on the notice that it had received from SIGET, who questioned the short term feasibility of the project. The Company disclosed the first termination of its contract with INE on April 15, 2011.
On June 7, 2011, INE then granted the Company a 90 day extension of the contract. INE noted that its letter, dated April 11, 2011, was not intended to effect a termination of the contract, but instead provide notice of its initial failure to obtain regulatory approval, which would automatically trigger a termination of the contract, if the issue were not resolved within 120 days. Since that time, the Company and INE have entered into multiple contract extensions to provide INE with additional time to secure the necessary regulatory approvals from both the UT and SIGET. The most recent contract extension was filed on March 5, 2013, and the Company commenced discussions with INE about another contract extension in April 2013.
To support INE’s ongoing discussions with the UT and SIGET, the Company worked with INE to develop technical models, which illustrated the potential impact that a ten megawatt ALTI-ESS system could have had on the El Salvadoran electric grid. In October 2012, the UT issued a favorable report about the use of the Company’s ALTI-ESS system based on their review of this modeling work.
In mid-May, 2013, the Company met with INE in El Salvador to discuss the status of the project and its discussions with the UT. Our contract with INE was due to expire unless extended, and INE noted its intent to move forward with an additional extension. However, in a letter dated, May 28, 2013, INE notified the Company of its decision not to extend the contract. INE cited two reasons for its decision. First, INE noted its belief that the proposed battery system would be too large for the El Salvadoran electrical grid. Second, INE noted that, notwithstanding models suggesting otherwise, the UT did not yet view the proposed system as being economically viable for various market participants.
In its May 28, 2013 letter to the Company and in a subsequent discussion, INE noted its continued interest in using our system. Accordingly, the Company will continue its discussions with INE, UT, SIGET and the U.S. Commercial Service to assess the situation and any potential alternatives, including the use of a resized system. Given the regulatory challenges associated with this contract since inception, the Company has never included the potential revenue associated with the INE contract in its backlog of orders.
ALTI timmmmmmmmmmmmmmmmmber
Well, the slide continues. "1-for-6 reverse stock split (ALTI) 0.53" I think that maybe folks are concerned about the theft of intellectual property. Rightly so IMHO "China" is famous for that. That is te reason that I dumped when I did, and likely the reason others are divesting. I hold no ill will, and did fine here a couple of times. I wish all good luck.
o.. ok i get it now..so might be a pop then drop? thanx for the info
"what do u think will make this stock rise?" I think eventually if the tech is not stolen they will generate sales. It is a great tech. The big problem I see here, is that intellectual property is not protected in China.
whats..2.50...should be @ 3.00..they get u on split day too...sheeese
what do u think will make this stock rise?..besides the split?..
R/S 1 FOR 6 @ $0.50
Altair Nanotechnologies announces 1-for-6 reverse stock split (ALTI) 0.53 : Co announces that its Board approved a 1-for-6 reverse stock split, which will become effective immediately following the close of trading on December 17, 2012. The consolidated common shares will begin trading on a split-adjusted basis on December 18, 2012 on the NASDAQ Capital Market.
LOL, a company with such great Tech. Side-lined by a Chinese agenda? I wonder why they their (cannon group) wanted the military to have none? I would be willing to bet that in war time it would be available. LOL, I guess the Chinese think it will work out??? LMFAO. We have plenty of American educated idiots. My guess is the Chinese are better at disguising idiots also. The Chinese seem to be good at making fakes to look like facts. That will put them in the main stream with the Obama Regime.
I will sit on the sidelines for a while. This one is not smelling good to me right now. I may or may not buy back in afeter the R/S is over and the price settles.
S-3 Filed-
http://ih.advfn.com/p.php?pid=nmona&article=54740607
I haven't had a position here in quite some time.
I'm interested in the tech and also look for short term swing trade opportunities here.
The most intelligent recent trade would have been a short @ .70+
The burn rate here is incredibly high,and management continues to execute dubious strategies born out of desperation-
imo-
futr
Future to me appears to be .35 (factor in the equiv on the R/S) I will buy back in that approx area even though I hate the involvement with China (proven thieves of IP) They can take the tech home and be sanctioned by China to produce and sell it without any legal rights what so ever. Of course what they produce will be made to look like the tech and will not function. That is their operational function. If it looks like it, it must be it. If we remain stupid as we have been. That may very well pass. They and I an laughing our AO. Idiocy ought to be credited.
I will post exactly what bothers me with this company. I like the tech. I dont like the Chinese connection to the tech. The the theft of intellectual property is well known. I like Chinese money when involved in "real" property that they cant steal. I am out. It looks to me like ALTI will be another theft of intellectual property. It will be profitable, but not for ALTI shareholders. I will moderate the board of no such company.
I may buy back in after the R/S is completed and the share price stabilizes. I do like the tech. I abhor Reverse Splits.
Altairnano Selected for Puerto Rico 26 MW San Fermin Solar Project
PrintAlert
Altair Nanotechnologies Inc. (MM) (NASDAQ:ALTI)
Intraday Stock Chart
Today : Thursday 4 October 2012
Altair Nanotechnologies Inc. (Altairnano) (NASDAQ: ALTI) today announced it had been selected by Uriel Renewables Inc. and Coqui Power LLC, a joint development effort for the deployment of solar photovoltaic projects in Puerto Rico, together with TSK Solar, a leading energy EPC contractor and engineering firm, to provide an advanced battery energy storage system for a renewable integration project at the San Fermin 26 MW photovoltaic solar farm in Loiza, Puerto Rico.
Altairnano will provide a 2 megawatt (MW) ALTI-ESS Advantage advanced energy storage system to provide frequency regulation and ramp-rate control. The system will satisfy the technical requirements established by the Puerto Rico Electric Power Authority (PREPA). Altairnano will deliver, install and commission the system before Dec. 31, 2012.
The ALTI-ESS Advantage is Altairnano's newest product for the electric grid market. Building upon the success of its 1 MW ALTI-ESS, the Advantage system provides twice as much power in a container almost 25 percent smaller, and can achieve peak power of 3.6 MW. The batteries are housed in a standard forty (40) foot container that also includes fire safety, heating and cooling, and computer systems necessary to safely and economically operate the system. Using Altairnano's proprietary nano-lithium-titanate chemistry, the batteries are able to last four to six times longer than competitive products, while providing the high-power rapid charging capabilities that are required for frequency regulation. The Advantage was engineered from the ground up to cost significantly less than the product it replaced, creating compelling economic advantages for a diverse range of electric grid applications.
The ALTI-ESS Advantage will provide ramp-rate control for smoothing the power fluctuations associated with photovoltaic applications in addition to frequency regulation required by PREPA.
"It is exciting to work for this project in Puerto Rico with global energy developer Uriel Renewables and its local partner Coqui Power," said Alexander Lee, Altairnano CEO. "Puerto Rico is rapidly expanding the use of photovoltaic and wind power to meet their energy needs, and the ALTI-ESS Advantage is a terrific product for these installations. TSK Solar brings the engineering and technical capabilities necessary to make this a successful project," added Lee.
About Altairnano, Inc.
Altairnano is a leading provider of high-power, energy storage systems for the electric grid, industrial equipment and transportation markets. The company's lithium titanate technology is built on a proprietary nano-scale processing technology that creates high-power, rapid-charging battery systems with industry-leading performance and cycle life. Altairnano is headquartered in Reno, Nevada and maintains operations in Anderson, Indiana; Zhuhai, China; and Wu'an, China. For additional information, please visit: www.altairnano.com.
About Uriel Renewables, Inc.
Uriel Renewables Inc. is the U.S. subsidiary of the Spanish Uriel Inversiones S.A. Group of Companies for the development of renewable energy projects in the Americas. Having been involved in the development, construction, commissioning and operation-ownership of numerous projects and with an overall experience well in excess of 25 years, Uriel currently holds financial interests in the following areas of the renewable energy industry: small hydro, wind energy, concentrated solar power, solar photovoltaic, waste-to-energy landfill biogas and bioethanol.
Forward-Looking Statement
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 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. In addition, other risks are identified in Altairnano's most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q filed with the SEC. Such forward-looking statements speak only as of the date of this release. Altairnano expressly disclaims any obligation to update or revise any forward-looking statements found herein to reflect any changes in Altairnano expectations or results or any change in events.
MEDIA CONTACTS:
Altairnano, Inc.
Erin Witt
317-509-5968
ewitt@altairnano.com
futr
Altairnano Signs Memorandum of Understanding With Shenhua Science & Technology and the National Institute of Clean and Low Ca...http://ih.advfn.com/p.php?pid=nmona&article=54123272
While I am happy to see this on its way back to $1.00 and above, I am not happy with the 11% apr loan http://ih.advfn.com/p.php?pid=nmona&article=53806600 With the current mortgage rates in the 3% rate. Does not lend a lot of credibility to a company to be paying 11%. I have always liked the long term prospect here, but if that matter is not changed very soon my prospective will be.
Altair Reports Second Quarter Results-
http://ih.advfn.com/p.php?pid=nmona&article=53767552&symbol=ALTI
Among other items 50 electric buses to be in service in China over the next 2 quarters-
futr
Did some research. I found it odd that both Alti and HYGS Condidentiality orders with the SEC. I have found a connection between them and Proterra. I think there may be some big news coming in reference to the three of them.
Ouch, these folks need to get their stuff together. Patience is one thing. Idiocy is another. The China connection as I mentioned before has taken some of my confidence out of this. I have dealt internationally before and have developed a knowledge of whom to trust. I guess to make a long story short, I have a prejudice.
They have some time to get it up to $1.00. They will have an extension.
but go down every day? teu go up 1 dollar if wont stay at nasdaq ?
Anybody that does not understand and have full confidence in the battery technology that we have here or has doubts on the (Chinese Quality) dilution should probably exit. Personally I have doubts on the Chinese part of the equation. The negatives I figure are off set by the positives in volume and the fact that the domestic demographic is amiable to the degraded quality. This may cause problems in the US and other markets though. We do truly have superior tech if not diluted. I guess my point is that if produced in China IMHO the degradation of the product will bring it down to 50% of potential.
The action here looks a little suspicious here. I do have my theories about what is going on. When a position is jerked down dramatically and constantly, it looks like manipulation for accumulation to me. JMHO
IMHO, they will come through here also. Some will not have the patience to see it through. The one thing I do not like here is that for all intent and purpose this is now a Chinese company. I always swore that I would not hold a Chinese company because of the inferior quality. It seems that they think if it looks like what it is supposed to be that is all that is required. Quality IMHO is never the object. If they build a war-ship it would sink its self.
Ouch, I sure am glad I sold some of this. Guess it is maybe time to start buying again. Looks like for some reason investors did not like the "Post-Effective Amendment to Registration Statement (POS AM)". Did not bother me. Maybe I missed something.
What intrigues me most regarding ALTI is the background of their current CEO and his track record of success with Duracell-
Not currently holding a position here,but thinking about it again.
futr
It is getting close to time for them to S##T OR GET OFF THE POT. In my personal opinion, I think the POT has already been vacated. We will see in the next few days. I think they are done and fixing to excel. JMHO.
04-24-2012 Altair Partners With Chinese Cities of Handan and Wu'an to Accelerate the Production and Deployment of Lithium Titanate Energ... http://ih.advfn.com/p.php?pid=nmona&article=52124166
You're not the only one-
futr
Cannon is obviously exercizing their control over the company. With the last two PRs it is becoming more obvious to me that finally something is going to come of this tech. JMHO
News: Altairnano Organizes to Accelerate Global Business Growth
Date : 04/05/2012 @ 8:00AM
Source : MarketWire
Stock : Altair Nanotechnologies Inc. (ALTI)
Quote : 0.61 0.0 (0.00%) @ 8:00AM
Altairnano Organizes to Accelerate Global Business Growth
Print
Alert
Altair Nanotechnologies Inc. (MM) (NASDAQ:ALTI)
Intraday Stock Chart
Today : Thursday 5 April 2012
Altair Nanotechnologies Inc. (Altair) (NASDAQ: ALTI) today announced Alexander Lee had been appointed interim Chief Executive Officer, and that Liming (Albert) Zou had been appointed President at a special Board of Directors meeting on April 1, 2012, replacing Frank Gibbard.
The appointments reflect the need for Altairnano to position the company for global growth both from its U.S.-based operations and in China. Mr. Lee will focus mainly on Altair's U.S. operations, while Mr. Zou will lead the expansion of Altairnano's business in China.
"We recognize the importance of growing the U.S.-based business and to maintain our focus on Altair's core LTO technologies along with the expertise we have developed in systems engineering and manufacturing for the electric grid, transportation, and industrial markets," said Yincang Wei, Altair Board Chairman. "At the same time, we see significant growth opportunities in China, and believe that this management structure will allow the company to pursue the full range of opportunities."
Mr. Zou has served as an independent director on Altair's board since July 2011. Mr. Lee has served on the Altair Board of Directors since December 2009, and was a member of its Audit, Compensation, Governance and Nomination Committees. Mr. Lee's and Mr. Zou's collective experience on the board provides additional insight into the company and its business expansion goals.
"We continue to see strong customer interest in Altair's technology for applications that require safety, rapid charging, long cycle life, and that must operate over a wide temperature operating range," said Lee. "This organization structure will enable us to drive revenue, while expanding into the China market in a focused manner."
ABOUT ALEX LEE
Alexander Lee is the managing director of Al Yousuf LLC (AYL) and CEO of Phoenix Cars LLC, which is a wholly-owned subsidiary of AYL.
Mr. Lee joined AYL as a managing director in December 2009. From January 2008 to October 2009, Mr. Lee held executive-level positions at Phoenix MC, Inc. (PMC) and at Phoenix Cars, LLC (PCL). PCL is an Al Yousuf LLC entity that, in September 2009, acquired the operating assets of PMC, a developer of electric vehicles. Mr. Lee became CEO of PCL in August 2010.
Prior to PMC, Mr. Lee worked at Rapiscan Systems, a developer, manufacturer and distributor of X-ray, gamma-ray and computed tomography products. Mr. Lee was vice president of strategic planning at Rapiscan from February 2006 to December 2007. Mr. Lee joined Rapiscan as the head of its government contracts and proposals group in October 2003.
Mr. Lee earned a B.A. degree from Brown University and a J.D. degree from the University of California, Davis, School of Law.
ABOUT ALBERT ZOU
Since 2009, Mr. Zou has served as the CEO of YuView Holdings, Ltd. Mr. Zou previously served as vice president for Asian Coast Development, Ltd. from 2007 to 2008. In this position Mr. Zou had primary responsibility for marketing and business development in China. Mr. Zou served as executive director of SI-TECH Information Technology, Ltd. from 2005 to 2007, where he was responsible for corporate financing and mergers and acquisitions. From 2004 to 2005, Mr. Zou served as a director of Confederate Finance Corp.
Mr. Zou earned his bachelor's in Science from Beijing University of Posts and Telecommunications and earned his master's degree in science from the Graduate School of China Academy of Posts and Telecommunications. He also earned an MBA from the Richard Ivey School of Business at the University of Western Ontario, Canada.
ABOUT ALTAIR
Headquartered in Reno, Nev. with manufacturing in Anderson, Ind., Altairnano is a leading provider of energy storage systems for clean, efficient power and energy management. Altairnano's lithium-titanate based battery systems are among the highest performing and most scalable, with applications that include complete energy storage systems for use in providing frequency regulation and renewables integration for the electric grid, and battery modules and systems for transportation and industrial applications. For more information please visit Altair at www.altairnano.com.
FORWARD-LOOKING STATEMENT
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 Altair'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 include the risk that Altair will be unable to expand sales of its products as a result of the early stage of the market, concerns regarding Altair's products, as a result of general economic conditions, as a result of political or regulatory concerns or for other reasons and the risk that Altair will be unable to execute its Chinese expansion plan or that it will not achieve expected economies of products or sales in the Chinese market. In addition, other risks are identified in Altair's most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q filed with the SEC. Such forward-looking statements speak only as of the date of this release. Altair expressly disclaims any obligation to update or revise any forward-looking statements found herein to reflect any changes in Altair expectations or results or any change in events.
MEDIA CONTACTS:
Media:
Erin Witt
Marketing Consultant
317-509-5968
ewitt@altairnano.com
Investors:
Larry Clawson
Director, Financial Planning and Analysis
775.858.3728
lclawson@altairnano.com
No kidding? "There's no such thing as 100 % success. Cannon could fail." I am sorry if I left the impression that anything I say is 100%. It is simply MHO.
There's no such thing as 100 % success. Cannon could fail.
ALTI 10-K Filed after Market Close 3/30
http://www.sec.gov/Archives/edgar/data/1016546/000143774912003144/0001437749-12-003144-index.htm
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COMPANY OVERVIEW
Founded: 1973
Headquarters: Reno, NV
Ownership: Public
Employees: 110
http://www.altairnano.com
STATISTICS
NASDAQ: ALTI
Fiscal Year: Dec. 31
Common Stock: 69,452,000 A/O May 12, 2012
INTELLECTUAL PORTFOLIO
U.S. Patents 10
Foreign Patents 23
Altairnano is a component in the following indices:
• Merrill Lynch Nanotech Index,(AMEX:NNZ)
• Punk Ziegel Nanotech Index
• Innovest Strategic Value Advisors Nanotech Index
• Global Crown Capital Nanotechnology Index
• PowerShares Lux Nanotech ETF (Exchange Traded Fund, AMEX:PXN)
• Nasdaq Clean Edge Index (CLEN)
• Nasdaq Clean Edge US Liquid Series (CELS)
Altair Nanotechnologies Inc. pioneers the discovery, development and manufacture of ceramic nanomaterials, which are used in products that exhibit ground-breaking performance. Altair scientists and product development specialists have produced a diverse range of novel products for power and energy systems, life sciences, and advanced materials applications in Altairnano's 100,000 square-foot facility in Reno, NV and its 30,000 square-foot facility in Anderson, IN. Working with leading marketing partners in their respective industries, Altairnano manufactures and licenses superior product technologies.
TECHNOLOGY PLATFORM
Altairnano has developed a leading, proprietary technological platform for the commercial manufacture of a wide variety of advanced ceramic materials, including metal oxides, metal titanates and combination crystals, all of which can range in structure from hollow to porous. This patented platform, scaleable across all industries, is unique in the marketplace as it provides precision control of composition, chemical purity and particle size.
MARKET FOCUS
Altairnano has applied its nanotechnology to develop new materials in four key markets: power and energy systems, life sciences, performance materials and, through AlSher, a joint venture with Sherwin-Williams, the process for the manufacture of white pigment and other nanomaterials.
Altairnano Power and Energy Systems
Power and energy systems are major growth drivers for the company and will produce long-term value for its shareholders. Altairnano currently has product lines for three markets: transportation, stationary power, and military applications.
For a number of years Altairnano has been developing groundbreaking materials to solve the issues plaguing conventional batteries: high power and energy density, cycle life, weight, cost, and the ability to perform in extreme temperatures.
Battery systems manufactured with Altairnano's LTO electrodes are environmentally safe, will not display thermal runaway (no graphite), exhibit three times the power of conventional batteries, can recharge in minutes, last 10 to 15 years, and operate in extreme temperatures - from -22° to 480° Fahrenheit.
At conferences and automotive shows throughout the U.S., attendees are riding or driving "freeway ready" PMI SUTs and SUVs powered by Altairnano's 35kWh battery system. The battery system provides full-size vehicles with a standard range of 100 to 130 miles, a charge time of less than 10 minutes, and the capability of freeway speeds exceeding 100 mph. PMI plans to ship 500 vehicles utilizing Altairnano's battery packs during 2008.
Altairnano is collaborating with Alcoa's AFL Automotive unit for the development of an HEV battery pack system integrated with AFL's Active Power Management System for use in medium-duty, hybrid trucks.
Internationally, Altair and Micro-Vett have teamed up and the Micro-Vett Fiat Doblò five-seat station wagon, powered by an 18 kWh NanoSafe battery pack is cruising around a urban delivery circuit in Oslo, Norway. The Doblò will be driven an estimated total of 7,500 kilometers during the demonstration period and will be charged with AeroVironment's high voltage, 125kW rated rapid charging system. With a successful demonstration, there is a potential for shipment of 250 vehicles during 2008.
Altairnano is leveraging its product technology in new areas of power and energy storage, which include stationary power and battery systems for heavy-duty electric and HEV vehicle markets. In a joint development with AES, who made a $3 million equity investment in the company, Altairnano is developing and will supply AES with large-scale energy storage systems for use in the storage, conditioning and delivery of power. The first $1 million pilot system, scheduled for shipment in early 2008, will be installed in a major East Coast city. The 2MW system will provide 600 kWh of energy. There is a significant market for the storage and delivery of clean power to the grid during peak usage patterns.
Altairnano Materials
Altairnano Materials business has four product lines based on unique nano-materials for advanced coatings that deliver distinctive, proprietary product performance. The product lines are titanium dioxide pigment, nano-titanium products for thermal barrier coatings, nano-titanium products for air and water treatment and nano-material products for corrosion protection. Altairnano has entered into a development agreement with Sulzer Metco, the world's largest provider of thermal sprays and equipment. The agreement has resulted in the launch of Metco 9012, a nano-structured titanium oxide ceramic coating providing extremely high wear resistance for use on bearing sleeves, pumps and sputtering targets in the automotive, aerospace and power generation markets.
Altairnano and PPG Industries have entered into an agreement to develop dispersions for use in aerospace primer coatings, which will provide corrosion protections without the use of unsafe hexavalent chromium compounds. Early indications show Altairnano's nano metal oxide technology provides similar corrosion protection and is safe for the environment. There is a letter of intent to commercialize the technology in early 2008, if not before.
Altairnano's patented technology platform provides for the first new, viable pigment production process (AHP) in 50 years. Industry analysts forecast the white pigment market to exceed $9 billion with increased growth from third world countries.
Altairnano has formed a joint venture with The Sherwin-Williams Company, a leading global manufacturer of paint and durable coatings. The new company, AlSher Titania, will combine the AHP process and the Sherwin-Williams Hychlor Pigment process to develop and produce high quality titanium dioxide pigment for use in paint and coatings. Additionally, AlSher Titania will develop nano titanium dioxide materials for use in a variety of applications, including those related to removing contaminants from air and water. The pilot plant, initially based in Reno, NV, will be demonstrating the AlSher process with further scale-up and production capacity planned for 2008 and 2009.
Altair Life Sciences
Altairnano's nanomaterials have been used in the development of a phosphate binding drug candidate, RenaZorb™, for treatment of elevated phosphate levels in patients with kidney disease. With a cost effective drug presenting improved patient compliance, the market for phosphate binders is expected to reach $1 billion. The drug has been licensed to Spectrum Pharmaceuticals.
Altairnano has applied similar technology to develop Renalan™, a drug for the treatment of elevated phosphate levels in dogs and cats. Renalan, which can be used as a liquid, powder, or pill, is in the process of being licensed to Elanco Animal Health, a division of Eli Lilly. Elanco is expected to use Altairnano's nanomaterial-based products for the development of multiple products for animal health care.
RECENT NEWS:
» Posted in Events on May 15, 2012
» Posted in Events on May 4, 2012
» Posted in Industry News on April 24, 2012
» Posted in Events on April 2, 2012
» Posted in Events on March 29, 2012
» Posted in Events on November 3, 2011
» Posted in Events on October 17, 2011
» Posted in Industry News on October 11, 2011
» Posted in Events on August 2, 2011
Corporate Information:
Altair Nanotechnologies Inc.
204 Edison Way
Reno, Nevada 89502
775.856.2500
http://www.altairnano.com
Financial Relations:
McCloud Communications, LLC
Marty Tullio
949.553.9748
marty@mccloudcommunications.com
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