“We would like to thank Indiana’s Lieutenant Governor Becky Skillman and the Energy Group for recognizing Altair and its achievements in the development of energy efficient technologies,” said Altair President and Chief Executive Officer Alan J. Gotcher, Ph.D. “The grant funding will assist Altair to purchase and install production and test equipment for product application development in its development and manufacturing center in Anderson, Indiana. The center is open and pilot manufacturing is anticipated to begin by the end of the first quarter of 2006.” 

“The addition of our in-house manufacturing and testing capabilities for lithium ion cells, batteries, and battery packs is expected to reduce development time and expedite commercialization of our battery electrode materials,” continued Gotcher.  “This expansion will allow Altair to conduct accelerated testing of battery materials and battery products and provide application development capabilities for continued discussion and development work with large potential customers and strategic partners located in the U.S.”

ABOUT ALTAIR NANOTECHNOLOGIES INC.

Altairnano is a leading supplier and innovator of advanced ceramic nanomaterial technology. Based in Reno, Nevada, Altairnano has assembled a unique team of materials scientists who, coupled in collaborative ventures with industry partners and leading academic centers, have pioneered an array of intellectual property and products.

Altairnano’s robust proprietary technology platforms produce a variety of crystalline and non-crystalline nanomaterials of unique structure, performance, quality and cost.  Altairnano‘s two divisions, Life Sciences and Performance Materials, are focused on applications where its nanotechnology may enable new high growth markets. The Life Sciences Division is pursuing market applications in pharmaceuticals, drug delivery, dental materials and other medical markets. The Performance Materials Division is focused on market applications in advanced materials for paints and coatings, air and water treatment, and alternative energy including new Li Ion battery electrode materials. For additional information on Altairnano and its nanomaterials, visit www.Altairnano.com