Altair Nanotechnologies Inc. (ALTI) Reports Successful Results for Electric Grid Program
Altair Nanotechnologies Inc. (Nasdaq: ALTI) develops ceramic nanomaterials for alternative energy products, life sciences and performance materials markets based on its proprietary manufacturing process. The company’s advanced battery pack systems are used in stationary applications, as well as electric and hybrid-electric vehicles. Altair today announced the successful completion of its demonstration and validation program for a two-megawatt, 500 kilowatt-hour battery system purchased by AES Corp. (NYSE: AES), one of the largest global power companies in the world. With operations in 29 countries on five continents, AES has the capacity to serve 100 million people worldwide. Altair’s program was developed by…