AeroVironment, Altair Nanotechnologies, Go Green Holding and Micro-Vett Announce a Successful, Multiple Fast-Charge Demonstration of an All-Electric Delivery Vehicle in Oslo, Norway.Medium Duty, All-Electric Transport Vehicle Travels over 300 km in a Single Day RENO, Nev. -- AeroVironment, Inc. (Nasdaq: AVAV), Altair Nanotechnologies Inc. 'Altairnano' (Nasdaq: ALTI), Micro-Vett, SPA and Go Green Holding AS, today jointly announced the successful public demonstrations of the All-Electric Fiat Doblo to government officials and potential commercial customers in Oslo, Norway. On October 2nd, half-way through an ongoing 60-day demonstration, the Micro-Vett Fiat Doblo, a regular size 5-seat station wagon wagon: see carriage. wagon Four-wheeled vehicle designed to be drawn by draft animals. Wagons have been used from the 1st century BC; early examples used spoked wheels with metal rims, pivoted front axles, and linchpins to secure the wheels. vehicle, powered by a custom 18 kWh Altairnano high performance NanoSafe([R])battery pack, traveled 300 kilometers (186 miles) in an urban delivery circuit. The custom battery pack was fully recharged in less than ten minutes a total of three times using AeroViroments' high voltage The term high voltage characterizes electrical circuits, in which the voltage used is the cause of particular safety concerns and insulation requirements. High voltage is used in electrical power distribution, in cathode ray tubes, to generate X-rays and particle beams, to , 125kW rated, rapid charging system. The vehicle will be driven an estimated total of 7,500 kilometers during the 60-day demonstration period, which translates to an annual equivalent use of 45,000 kilometers. The Fiat Doblo is designed both as a commercial medium-duty transport vehicle, as well as a regular size family car. Micro-Vett has been converting standard vehicles to electric drive for the past 20 years, and today, they have a wide range of passenger and utility vehicles available for sale. Go Green expects to ship up to 20 Micro-Vett vehicles with Altairnano's 18 kWh NanoSafe([R]) battery packs to customers in the next several months, and an additional 250 vehicles are planned for shipment in 2008. Altairnano offers a range of NanoSafe([R]) battery packs for all-electric vehicles requiring from 10 to 35 kWh of energy storage. "This alliance of innovative companies is a powerful combination that is committed to providing clean transportation on a global platform," said Asbjorn Slordahl, Go Green Holdings' chief executive officer. "With battery packs from Altairnano, and fast-charge infrastructure from AeroVironment, these roadway-ready, all-electric vehicles converted by Micro-Vett and distributed by Go Green are a powerful example of what happens when you combine the right technology, with the right providers, at the right time." "This is a key step forward in demonstrating the viability of all-electric vehicles, and the fast charge infrastructure necessary to enable their practical use," said Joe Edwards Joe Edwards may be:
"This public demonstration in Norway demonstrates another all-electric vehicle platform that is powered by Altairnano's unique lithium lithium (lĭth`ēəm) [Gr.,=stone], metallic chemical element; symbol Li; at. no. 3; at. wt. 6.941; m.p. about 180.54°C;; b.p. about 1,342°C;; sp. gr. .534 at 20°C;; valence +1. Lithium is a soft, silver-white metal. Titanate ti·tan·ate n. A salt or ester of titanic acid. NanoSafe battery pack product line. The NanoSafe([R]) battery packs are safe, powerful, fully rechargeable re·charge tr.v. re·charged, re·charg·ing, re·charg·es To charge again, especially to reenergize a storage battery. re in less than ten minutes with rapid charge systems, have long life and operate in extreme temperatures," said Alan J. Gotcher, Ph.D., Altair Nanotechnologies, Inc.'s president and chief executive officer. "With more than 1,700 electric-powered vehicles in the country, Norway is taking a proactive approach in the adoption of all-electric vehicle technology and products. Our innovative battery technology, which is capable of thousands of re-charge cycles, provides a necessary ingredient for the adoption of EVs around the globe." "Micro-Vett has been manufacturing electric vehicles since 1987 and so we constantly follow energy accumulation systems evolution, from batteries to fuel cells," said Massimiliano Di Gioia, Micro-Vett Vice President. "Until now we've seen some developments, but Altairnano's fast charge batteries have the potential to revolutionize rev·o·lu·tion·ize tr.v. rev·o·lu·tion·ized, rev·o·lu·tion·iz·ing, rev·o·lu·tion·iz·es 1. To bring about a radical change in: Television has revolutionized news coverage. 2. electric vehicles and also the automotive industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. . It was very exciting to see Doblo's charge level indicator going up visibly in Oslo. With Altairnano's fast charge batteries, we can overcome the primary electric vehicle limitation because we can achieve refuelling re·fu·el v. re·fu·eled also re·fu·elled, re·fu·el·ing also re·fu·el·ling, re·fu·els also re·fu·els v.tr. To supply again with fuel. v.intr. times comparable to those of gasoline-powered vehicles." About AeroVironment, Inc. (AV) Building on a history of technological innovation, AV designs, develops, produces, and supports an advanced portfolio of Unmanned Aircraft Systems Unmanned Aircraft System (UAS) is the term introduced by The United States Department of Defense (DoD) and adopted by the Federal Aviation Administration (FAA) to replace the term Unmanned Aerial Vehicle (UAV). (UAS UAS University of Applied Sciences UAS Unavailable Seconds (Sprint) UAS University of Alaska Southeast UAS User Agent Server UAS Unassigned (Telabs) UAS Unmanned Aircraft System ) and efficient electric energy systems. The company's small UAS are used extensively by agencies of the U.S. Department of Defense and increasingly by allied military forces to deliver real-time reconnaissance, surveillance, and target acquisition For the RSTA/ISTAR/STA doctrine, see . For the RSTA in the U.S. Army, see .  This is a disambiguation page: a list of articles associated with the same title. to tactical operating units operating unitA type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon . AV's PosiCharge([R]) fast charge systems eliminate battery changing for electric industrial vehicles in factories, airports, and distribution centers. For more information about AV, please visit www.avinc.com. About Altair Nanotechnologies Inc. Altairnano is an innovator and manufacturer of advanced novel, ceramic nanomaterials that are used in products that exhibit groundbreaking performance. Altairnano's products address a diverse range of high-growth energy, industrial and pharmaceutical applications within three businesses: the Altair Power & Energy Group, Altair Materials Group and Altair Life Sciences Group. Our goal, or mission statement, is to create and deliver innovative products that improve the quality of life. For more information visit: www.altairnano.com. About Go Green Holding AS Go Green Holding is a Norwegian company, founded in April 2007. The company's aim is to bring sustainable electric vehicles to the Scandinavian market, supported by an infrastructure for rapid charging. Having teamed up with strong partners, Go Green Holding offers a wide range of 0-emmission electric vehicles to fleet operators and, eventually, the private market. With the development of an infrastructure for rapid chargers, 0-emmission electric vehicles will be a realistic alternative to fossil fuel fossil fuel: see energy, sources of; fuel. fossil fuel Any of a class of materials of biologic origin occurring within the Earth's crust that can be used as a source of energy. Fossil fuels include coal, petroleum, and natural gas. vehicles and make a big difference to the environment. Please visit our website at: http://www.Go Green.no About Micro-Vett, SPA Micro-Vett is a leader in the electric vehicle market in Europe. Since 1987, Micro-Vett has been operating in the field of electric traction, beginning its business with the design of micro-citycars and then shifting in 1991 to the electrification e·lec·tri·fy tr.v. e·lec·tri·fied, e·lec·tri·fy·ing, e·lec·tri·fies 1. To produce electric charge on or in (a conductor). 2. a. of light, medium and heavy commercial transport vehicles. Micro-Vett offers products that join mechanical reliability, affordability, security and comfort. Micro-Vett also was responsible for designing PORTER, the most-sold electrical vehicle in Italy (beyond 2000) and the second most-sold electric vehicle in Europe. PORTER is the only electrical vehicle sold in series. Please visit our English website at: http://www.micro-vett.it/eng/indexing.html. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. This release may contain forward-looking statements as well as historical information. Forward-looking statements, which are included in accordance with the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. 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These risks and uncertainties include, without limitation, the risks that development or early commercial stage products described in this release will not be completed for technical, business or other reasons; that commercially sold products will not perform as expected in future testing or commercial applications; that one or more of the joint development partners may proceed slowly with, or abandon, development or commercialization efforts for any of various reasons, including concerns with the feasibility of the product or the financial viability of continuing with the product; and that even if full commercialization occurs, sales may not reach expected levels for one or more reasons, including failure of end products to perform as expected or the introduction of a superior product, and that costs associated with the proposed products may exceed revenues. Such forward-looking statements speak only as of the date of this release. 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