Cleantech & Renewable Energy

[snowcloud]

ALTI NEWS --

RENO, NV, Nov 19, 2008 (MARKET WIRE via COMTEX) -- With President Bush's
signing of the Continuing Resolution (CR) which contains appropriations for the
Department of Defens e, Altair Nanotechnologies Inc. (NASDAQ: ALTI), a leading
provider of advanced materials and products for power and energy systems, and
the United States Navy were granted an additional $4 million for the continued
funding of a 2.5-Megawatt stationary power supply program. Total funds
appropriated by Congress for Altairnano's naval battery program now total $12.5
million.

Altairnano's program with the United States Navy focuses on developing, testing,
and deploying an Altairnano battery as an uninterruptible power supply (UPS) on
Navy missile destroyers enabling single generator operations. The application,
which utilizes the battery's long life cycle and broad temperature operating
range, is anticipated to create a safe, less costly, and environmentally
sustainable substitute for fuel turbines, resulting in an annual fuel cost
savings in excess of $1.5 million per ship.

"By funding this project, Congress and the President recog nize how our company
can help meet three important objectives," said Terry Copeland, Ph.D.,
Altairnano's Chief Executive Officer. "It will reduce our dependence on foreign
oil, cut greenhouse gas emissions, and ensure Navy ships have power when they
most need it."

"The latest appropriation reflects the financial commitment necessary to
successfully deploy and commercialize Altairnano's unique battery solutions on
Navy vessels," added Copeland. "We are encouraged by the initial results of
testing and look forward to sharing these results as soon as they become
available."

About Altair Nanotechnologies Inc.

Headquartered in Reno, Nevada with manufacturing in Anderson, Indiana,
Altairnano is a leader in the creation and delivery of advanced materials and
energy storage products. Going beyond lithium ion, Altairnano's Lithium-Titanate
based battery products are among the highest performing and most scalable, with
applicati ons that include battery cells for military artillery, battery packs
for hybrid vehicles and energy storage systems for large-scale stationary power
services. For more information please visit Altairnano at 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 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.





Institutional Investors

C. Robert Pedraza

Vice President Corporate Strategy

Altair Nanotechnologies Inc.

775.856.2500

Email Contact



Individual Investors

Marty Tullio

Managing Member
McCloud Communications, LLC

949.553.9748

Email Contact





SOURCE: Altair Nanotechnologies Inc.




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Energy and Utilities:Utilities

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