Altairnano Nanotechnologies, Inc (ALTI) Signs $2.5 Million U.S. Navy Contract
Altair Nanotechnologies, Inc (ALTI), a leading provider of advanced nanomaterials technology, announced that the company has signed a $2.5 million contract with the United States Navy. This contact specifies that the US Navy will utilize Altair's battery backup power systems in varying Naval applications. Under the terms of the contract, Altair is to develop an optimized battery cell that will utilize the company's nano-sized lithium titanate electrode materials. Once the development of this battery cell is complete, Altair is to present the performance and safety attributes of the cell. This contract, valued at $2.5 million, is funded as part of…