(PR NEWSWIRE) Altair Advances Solar Cell and Energy Storage Program
Altair Advances Solar Cell and Energy Storage Program
CODY, Wyo., May 31 /PRNewswire/ -- Altair International Inc.
(Nasdaq: ALTI) announced today that its subsidiary Altair Technologies, Inc.
(www.altairtechnologies.com) has entered into a cooperative solar cell and
energy storage work program with the J. Heyrovsky Institute, Prague, Czech
Republic and Ecole Polytechnique Federal de Lausanne (EPFL), Switzerland. Dr.
Ladislav Kavan of the J. Heyrovsky Institute is principal investigator for the
program under the overall direction of Professor Michael Graetzel of the EPFL.
The agreement signed on May 21, 2001 provides that the work will be
performed at the EPFL in conjunction with a program of mesoporous
electroactive material directed by Professor Michael Graetzel. Dr. Graetzel
is one of the worlds most honored scientists in the field of photoelectronics
and electrochemistry. His landmark invention of the Graetzel Solar Cell uses
advanced technology concepts that is based on spectral sensitization of wide
band-gap semiconductor electrodes by organometallic dyes. The Graetzel Cell
converts solar radiation into electricity with remarkable efficiency exceeding
10% under standard AM 1.5 sunlight.
Dr. Kavan is a widely recognized expert in the field of electrochemistry
and solar cell research and has a longstanding professional relationship with
Dr. Graetzel at EPFL. Altair is providing advanced experimental
nanostructured materials that are not commercially available and are
considered by Dr. Kavan to have unique potential for his research.
Ken Lyon, President of Altair Technologies, said, "Our past relationship
with Dr. Kavan at the J. Heyrovsky Institute has been so productive that we
are very pleased to extend this relationship to include Dr. Kavan's colleagues
at the EPFL. So far we have sent over 3 dozen samples for evaluation by these
outstanding researchers in solar cell and energy storage applications. One of
the exciting elements of the program is that our process is capable of
producing large quantities of material at economic prices as the research
proves them to be of economic merit."
Altair International owns a proprietary technology for making
nanocrystalline materials of unique quality, economically in large quantities.
The company is currently developing special nanomaterials with potential
applications in fuel cells, hard coatings, catalysts, cosmetics, paints,
batteries, semi-conductors, telecommunications and environmental remediation.
Altair holds mineral leases on a "world class" titanium mineral sand deposit
in Tennessee where the recently constructed pilot plant is operational.
This press release may be deemed to contain certain forward-looking
statements with respect to Altair that are subject to risks and uncertainties
that include, but are not limited to, Altair's ability to obtain necessary
capital, performance and reliability of technology, market acceptance of
products using Altair technology, variance in anticipated production costs and
unanticipated effects of regulatory requirements related to the technology, as
well as those identified in the Company's press releases or discussed from
time to time in the Company's Securities and Exchange Commission filings.
Actual results may vary materially.
News releases and other information on Altair can be accessed at no charge
at Altair's website www.altairint.com
For technical information on Altair's nanoparticle operations visit our
website www.altairtechnologies.com
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SOURCE Altair International Inc.
-0- 05/31/2001
/CONTACT: William P. Long, President of Altair International Inc.,
307-587-8245; or Paul Savageau of Savageau & Associates, 303-756-8045, for
Altair International Inc./
/Web site: altairtechnologies.com
/Web site: altairint.com
(ALTI)
CO: Altair International Inc.; Altair Technologies, Inc.
ST: Wyoming
IN: OIL CPR
SU:
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