Altair Nanotechnologies Inc. (ALTI) Announces Module Completion as Part of Multi-Million Dollar Contract with U.S. Navy
Altair Nanotechnologies Inc. (Nasdaq: ALTI) provides novel ceramic nanomaterials applicable to a diverse line of fields, including alternative energy, life sciences and performance materials markets. The company today announced the completion of the 500th full-depth cycle of a unique lithium titanate battery designed and developed for the U.S. Navy, as part of its multi-million dollar contract with the Navy. Altair's $2.5 million contract is funded in part by the Navy, as well as $5 million approved by Congress for fiscal year 2008. As part of the "Mark 0, Characterization Module," the Navy tests Altair's batteries to reveal their unique properties.…