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COMPANY OVERVIEW Founded: 1973 Headquarters: Reno, NV Ownership: Public Employees: 110 STATISTICS NASDAQ: ALTI Fiscal Year: Dec. 31 Common Stock: 70.1M INTELLECTUAL PORTFOLIO U.S. Patents 10 Foreign Patents 23 Altairnano is a component in the following indices: • Merrill Lynch Nanotech Index,(AMEX:NNZ) • Punk Ziegel Nanotech Index • Innovest Strategic Value Advisors Nanotech Index • Global Crown Capital Nanotechnology Index • PowerShares Lux Nanotech ETF (Exchange Traded Fund, AMEX:PXN) • Nasdaq Clean Edge Index (CLEN) • Nasdaq Clean Edge US Liquid Series (CELS) Altair Nanotechnologies Inc. pioneers the discovery, development and manufacture of ceramic nanomaterials, which are used in products that exhibit ground-breaking performance. Altair scientists and product development specialists have produced a diverse range of novel products for power and energy systems, life sciences, and advanced materials applications in Altairnano’s 100,000 square-foot facility in Reno, NV and its 30,000 square-foot facility in Anderson, IN. Working with leading marketing partners in their respective industries, Altairnano manufactures and licenses superior product technologies. TECHNOLOGY PLATFORM Altairnano has developed a leading, proprietary technological platform for the commercial manufacture of a wide variety of advanced ceramic materials, including metal oxides, metal titanates and combination crystals, all of which can range in structure from hollow to porous. This patented platform, scaleable across all industries, is unique in the marketplace as it provides precision control of composition, chemical purity and particle size. MARKET FOCUS Altairnano has applied its nanotechnology to develop new materials in four key markets: power and energy systems, life sciences, performance materials and, through AlSher, a joint venture with Sherwin-Williams, the process for the manufacture of white pigment and other nanomaterials. Altairnano Power and Energy Systems Power and energy systems are major growth drivers for the company and will produce long-term value for its shareholders. Altairnano currently has product lines for three markets: transportation, stationary power, and military applications. For a number of years Altairnano has been developing groundbreaking materials to solve the issues plaguing conventional batteries: high power and energy density, cycle life, weight, cost, and the ability to perform in extreme temperatures. Battery systems manufactured with Altairnano’s LTO electrodes are environmentally safe, will not display thermal runaway (no graphite), exhibit three times the power of conventional batteries, can recharge in minutes, last 10 to 15 years, and operate in extreme temperatures – from -22° to 480° Fahrenheit. At conferences and automotive shows throughout the U.S., attendees are riding or driving “freeway ready” PMI SUTs and SUVs powered by Altairnano’s 35kWh battery system. The battery system provides full-size vehicles with a standard range of 100 to 130 miles, a charge time of less than 10 minutes, and the capability of freeway speeds exceeding 100 mph. PMI plans to ship 500 vehicles utilizing Altairnano’s battery packs during 2008. Altairnano is collaborating with Alcoa’s AFL Automotive unit for the development of an HEV battery pack system integrated with AFL’s Active Power Management System for use in medium-duty, hybrid trucks. Internationally, Altair and Micro-Vett have teamed up and the Micro-Vett Fiat Doblò five-seat station wagon, powered by an 18 kWh NanoSafe battery pack is cruising around a urban delivery circuit in Oslo, Norway. The Doblò will be driven an estimated total of 7,500 kilometers during the demonstration period and will be charged with AeroVironment’s high voltage, 125kW rated rapid charging system. With a successful demonstration, there is a potential for shipment of 250 vehicles during 2008. Altairnano is leveraging its product technology in new areas of power and energy storage, which include stationary power and battery systems for heavy-duty electric and HEV vehicle markets. In a joint development with AES, who made a $3 million equity investment in the company, Altairnano is developing and will supply AES with large-scale energy storage systems for use in the storage, conditioning and delivery of power. The first $1 million pilot system, scheduled for shipment in early 2008, will be installed in a major East Coast city. The 2MW system will provide 600 kWh of energy. There is a significant market for the storage and delivery of clean power to the grid during peak usage patterns. Altair Life Sciences Altairnano’s nanomaterials have been used in the development of a phosphate binding drug candidate, RenaZorb™, for treatment of elevated phosphate levels in patients with kidney disease. With a cost effective drug presenting improved patient compliance, the market for phosphate binders is expected to reach $1 billion. The drug has been licensed to Spectrum Pharmaceuticals. Altairnano has applied similar technology to develop Renalan™, a drug for the treatment of elevated phosphate levels in dogs and cats. Renalan, which can be used as a liquid, powder, or pill, is in the process of being licensed to Elanco Animal Health, a division of Eli Lilly. Elanco is expected to use Altairnano’s nanomaterial-based products for the development of multiple products for animal health care. Altairnano Materials Altairnano Materials business has four product lines based on unique nano-materials for advanced coatings that deliver distinctive, proprietary product performance. The product lines are titanium dioxide pigment, nano-titanium products for thermal barrier coatings, nano-titanium products for air and water treatment and nano-material products for corrosion protection. Altairnano has entered into a development agreement with Sulzer Metco, the world’s largest provider of thermal sprays and equipment. The agreement has resulted in the launch of Metco 9012, a nano-structured titanium oxide ceramic coating providing extremely high wear resistance for use on bearing sleeves, pumps and sputtering targets in the automotive, aerospace and power generation markets. Altairnano and PPG Industries have entered into an agreement to develop dispersions for use in aerospace primer coatings, which will provide corrosion protections without the use of unsafe hexavalent chromium compounds. Early indications show Altairnano’s nano metal oxide technology provides similar corrosion protection and is safe for the environment. There is a letter of intent to commercialize the technology in early 2008, if not before. Altairnano’s patented technology platform provides for the first new, viable pigment production process (AHP) in 50 years. Industry analysts forecast the white pigment market to exceed $9 billion with increased growth from third world countries. Altairnano has formed a joint venture with The Sherwin-Williams Company, a leading global manufacturer of paint and durable coatings. The new company, AlSher Titania, will combine the AHP process and the Sherwin-Williams Hychlor Pigment process to develop and produce high quality titanium dioxide pigment for use in paint and coatings. Additionally, AlSher Titania will develop nano titanium dioxide materials for use in a variety of applications, including those related to removing contaminants from air and water. The pilot plant, initially based in Reno, NV, will be demonstrating the AlSher process with further scale-up and production capacity planned for 2008 and 2009. RECENT NEWS: Jan 30 Altairnano signed a $2.5 million contract with the United States Navy for the development of battery backup power systems in Naval applications. Jan 02 Altairnano completed manufacturing of battery packs to be used in a two megawatt, 600 kWH energy storage system ordered by AES Corporation. Altairnano expects the system to be connected to the grid and tested during the first quarter of 2008. Dec 31 Altairnano-powered dragster sets new EV World Speed Record. Nov 30 Altairnano completed a $40 million private placement with Al Yousuf LLC. Nov 14 Altairnano announces $7 million in funding for eco-friendly battery and sensor programs. Nov 08 Altairnano’s third quarter revenues increased to a record $3.37 million and $7.58 million for the nine-month period. Corporate Information: Altair Nanotechnologies Inc. 204 Edison Way Reno, Nevada 89502 775.856.2500 www.altairnano.com Financial Relations: McCloud Communications, LLC Marty Tullio 949.553.9748 marty@mccloudcommunications.com More information on Altairnano can be found at www.altairnano.com. | ||||||||||||||
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