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July 13, 2006

Altair Batteries to be used in EV

Has the lithium revolution arrived? Today Altair Nanotechnologies, Inc. (NASDAQ: ALTI), announced that it has received a $750,000 initial order for its fast charge, high powered batteries from Phoenix Motorcars. The battery packs will be engineered and manufactured at Altairnano's Anderson, Indiana facility and will utilize Altairnano's proprietary nano-lithium ion battery technology. Phoenix Motor Cars is using the engineering services of Boshart Engineering, Inc., based in Ontario, California, to develop the battery integration, validation, certification and regulatory testing. Altairnano's nano-lithium battery technology, when integrated with an optimized electric drive train could provide the impetus to rejuvenate and realize the promise of the electric vehicle vision commented Daniel Riegert, Chairman of Phoenix Motorcars. We are preparing for the manufacture and distribution of several thousand vehicles over the next few years....

Posted by dymaxion at July 13, 2006 07:46 PM

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