Alcoa AFL Automotive and Altair Nanotechnologies to Jointly Develop High Performance Battery Pack System; Nano-Titanate Battery Has Key Advantages over Conventional Lithium Batteries.DETROIT & RENO, Nev. -- Alcoa's (NYSE NYSE See: New York Stock Exchange :AA) AFL AFL: see American Federation of Labor and Congress of Industrial Organizations. Automotive business and Altair Nanotechnologies Inc. (Altairnano) announced today that they have signed an agreement to develop a battery pack system for medium-duty hybrid trucks. The collaboration brings together Altairnano's innovative nano-titanate battery technology and AFL Automotive's expertise in vehicle electrical distribution systems, power management electronics and its substantial presence as a world renowned supplier to the automotive market. Alcoa is also a major supplier of light-weight, high-strength aluminum components to 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. that improve performance while increasing fuel efficiency. The agreement provides for the delivery of an integrated battery pack system for the medium-duty hybrid truck market using Altairnano's NanoSafe(TM) battery technology and AFL Automotive's electrical interconnect (1) To attach one device to another. (2) A physical port (plug, socket) or wireless port (transmitter, receiver) used to attach one device to another. and application technology to integrate the battery pack system into the vehicle's electrical architecture. "This presents a new business opportunity for AFL Automotive as we pursue adding power storage to the overall advanced power management system that we currently supply the automotive industry," said Allen Zwierzchowski, President, Worldwide Components Alcoa AFL Automotive. "This new collaboration provides Altairnano with the opportunity to expand the market for our novel battery technology. It furthers demonstrates the technology potential of our NanoSafe(TM) nano-titanate batteries," said Altairnano President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Alan J. Gotcher Ph.D. The scope of the joint development agreement involves system design, development and prototyping, which is expected to be completed in early 2007. About AFL Automotive AFL Automotive, an Alcoa business, is a world leader in the design, development and production of high quality electrical and electronic distribution systems for personal and commercial vehicles, working with vehicle manufacturers and their sub-suppliers in the major automotive centers in China, Japan, Asia, Europe and the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . AFL Automotive has more than 60 locations in 11 countries and 35,000 associates around the world focused on its customers. To learn more about AFL Automotive visit www.alcoa.com About Altair Nanotechnologies Inc. Altairnano is a leading provider of advanced nanomaterials and alternate energy solutions for use in energy, automotive, and other industrial applications. Altairnano is an innovator and supplier of advanced ceramic This article is about ceramic materials. For the fine art, see Ceramic art. The word ceramic is derived from the Greek word κεραμικός (keramikos). nanomaterials. With a skilled team of scientists coupled in collaborative ventures with industry partners and leading academic centers, have developed a unique portfolio of intellectual property and novel products. These researchers are complemented by a seasoned management team with substantial experience in commercializing innovative, disruptive technologies A new technology that has a serious impact on the status quo and changes the way people have been dealing with something, perhaps for decades. Music CDs all but wiped out the phonograph industry within a few years, and digital cameras are destined to eliminate the film industry. . Altairnano focuses on nanotechnology applications With nanotechnology, a large set of materials and improved products rely on a change in the physical properties when the feature sizes are shrunk. Nanoparticles for example take advantage of their dramatically increased surface area to volume ratio. Their optical properties, e.g. to enable new high-growth markets. In alternative energy Altairnano is pioneering new battery materials and systems. For additional information visit www.altairnano.com. |
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