Altair/MIT Fuel Cell Program
THURSDAY, APRIL 26, 2001 2:25 PM
- PRNewswire
CODY, Wyo., Apr 26, 2001 /PRNewswire via COMTEX/ -- Altair International Inc. (Nasdaq:ALTI) announced today that its subsidiary Altair Technologies, Inc. (www.altairtechnologies.com) completed its second quarterly review of work performed under a sponsored Research Agreement at the Massachusetts Institute of Technology (MIT) in Cambridge, MA.
Altair's goal is to develop, utilizing catalyst systems developed at MIT; a reliable and economic nano-materials based solid oxide fuel cell (SOFC) system. According to Dr. Bruce Sabacky, performance on the program by MIT's Nanostructured Materials Research Laboratory, under the direction of Principal Investigator Professor Jackie Y. Ying, is fully on schedule and meeting or exceeding all expectations.
Dr. Ying, a recognized leader in the field of catalyst research, reported the completion of a state of the art fuel cell reactor test facility in the Nanostructured Materials Research laboratory at MIT. The test facility, which incorporates all related measurement and data acquisition equipment, has had excellent results testing new fuel cell anode materials. Future tests will combine catalytic tests with conductivity and electrical generation tests of the SOFC fuel cell.
During the review session Altair presented the first generation of a porous Yttria stabilized Zirconia electrode and eletrolyte support structure. Both the rutile Titania and the Yttria stabilized Zirconia structures are to be tested as part of the research by MIT.
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.
For further information please contact William P. Long, President of Altair International Inc., 307-587-8245; or Paul Savageau of Savageau & Associates, 303-756-8045.
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
SOURCE Altair International Inc.
CONTACT: William P. Long, President of Altair International Inc.,
307-587-8245; or Paul Savageau of Savageau & Associates, 303-756-8045
URL: altairtechnologies.com
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