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Re: pj McMulligan post# 18040

Tuesday, 02/07/2012 2:38:01 PM

Tuesday, February 07, 2012 2:38:01 PM

Post# of 18775
ALTI ~ "DD"

Energy Storage Technology reports 53.3% stake in Altair Nanotechnologies




http://data.cnbc.com/quotes/ALTI/tab/8.1


About

Altair Nanotechnologies, Inc. a publicly-traded corporation designs, manufactures, and delivers lithium titanate electrode materials and energy storage systems such as lithium-ion batteries for military and mass transportation applications. Altair Nanotechnologies Inc., has developed NanoSafe™ lithium-ion batteries, which takes only a 10-minute charge time, is being supplied to Phoenix Motor Cars....






Recent developments:


Energy Storage Technology reports 53.3% stake in Altair Nanotechnologies

Altair Nanotechnologies appoints Stephen B. Huang to CFO

Altair Nanotechnologies announced that Stephen B. Huang had been appointed vice president and CFO, replacing John Fallini, effective September 18.

Altair Nanotechnologies appoints Dr. H. Frank Gibbard to CEO

Altair Nanotechnologies announced that Dr. H. Frank Gibbard had been appointed president and CEO, replacing Terry Copeland, effective September 18.

Altair Nanotechnologies appoints new CEO and new CFO

Altair Nanotechnologies announces that on September 17 the Board of Directors appointed H. Frank Gibbard, as President and CEO. Prior to joining the Company, Dr. Gibbard worked as a technical consultant conducting research and development on lithium ion batteries, direct methanol fuel cells, and redox flow batteries for bulk energy storage, as President of Gibbard Research and Development Corporation beginning in 2003 through his appointment with Altair as well as from 1995 to 1996. The Board of Directors also appointed Stephen B. Huang as Vice President and CFO. Terry Copeland was terminated as President and CEO and John Fallini was terminated as the company’s CFO and Secretary.




Interesting filings to note:
**Lots of HEAVY WEIGHT interest**

That's the Canon subsidiary that purchased 37,036,807 shares back on July 22, 2011. Here's the 8-K filed on the 25th:

http://www.sec.gov/Archives/edgar/data/1016546/000143774911005039/0001437749-11-005039-index.htm

Note 11 on page 14 of the last 10-Q, has a good synopsis of the transaction:

http://www.sec.gov/Archives/edgar/data/1016546/000143774911008065/altair_10q-093011.htm

CHART:



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