Manufacturing Process Expands Intellectual Property Protection for Battery Anode and Cathode Designs.
Altair Nanotechnologies, Inc. (Altairnano) (NASDAQ: ALTI), announced it had been granted a U.S. patent for the “Method of Producing Mixed Metal Oxides and Metal Oxide Compounds.” This patent protects the unique nanotechnology manufacturing process for battery anodes and cathodes in lithium-ion batteries utilizing a wider range of metal oxides.
“This patent enhances our intellectual property portfolio and further establishes an important competitive advantage for Altairnano,” said Terry M. Copeland, Altairnano’s President and Chief Executive Officer. ”The patent creates an important barrier to entry as we focus on the development of cathode materials to enhance battery performance at lower costs. Competitors will be unable to utilize the proprietary manufacturing process covered under the patent to achieve the unique performance characteristics of rapid charging and discharging over the wide operating temperature range of our battery materials.”
About Altair Nanotechnologies Inc.
Headquartered in Reno, Nevada with manufacturing in Anderson, Indiana, Altairnano is a leading provider of energy storage systems for clean, efficient power and energy management. Going beyond lithium ion, 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, battery modules and cells for mass transit applications, and battery packs for several different military applications. For more information please visit Altairnano at www.altairnano.com.
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 use and performance of the battery modules referenced in this release will differ from those anticipated because of use, configuration, environmental and other factors within the control of Proterra or purchasing municipalities or that exist in real-world usage that were not anticipated in a testing environment; that full commercialization 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 because of design, materials or configuration issues within the control of Altairnano; that even if full commercialization occurs, product sales may be limited and costs associated with production may exceed revenues; and that Altairnano may experience unexpected additional delays in securing purchase orders and, as a result, will not experience anticipated revenue growth. 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.
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Brion D. Tanous
CleanTech IR, Inc.
CleanTech IR, Inc.
Vice President – Marketing & Sales
Altair Nanotechnologies, Inc.