Altair Nanotechnologies Details Safety Aspects of Its Nano Titanate Battery; Innovative Battery Technology Provides Compelling Alternative to Existing Lithium Battery Technology.RENO, Nev. -- Altair Nanotechnologies Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ALTI), a leading provider of advanced nanomaterials and alternative energy solutions detailed why its NanoSafe(TM) rechargeable, nano titanate battery Nano Titanate batteries developed by Altairnano consists of rechargeable batteries made of nano-titanate compounds. This technology is fairly new and still under development. technology provides technical fundamentals preventing thermal runaway This article is about Thermal runaway. For other uses, see Runaway. Thermal runaway refers to a situation where an increase in temperature changes the conditions in a way that causes a further increase in temperature leading to a destructive result. and fires inherent in existing, traditional lithium ion A rechargeable battery technology introduced in 1991 that provides greater charge per pound than nickel metal hydride. In 1993, Toshiba introduced the first notebook in the U.S. with a Li-ion battery. battery designs. Future news releases will explain other features of Altairnano NanoSafe batteries that may prove advantageous in the power rechargeable battery A rechargeable battery, also known as a storage battery, is a group of two or more secondary cells. These batteries can be restored to full charge by the application of electrical energy. market including long life, high speed recharge rates and high power capacity. The combination of these features has the potential to make Altairnano's NanoSafe batteries ideal for power applications such as electric vehicles and hybrid electric vehicles A hybrid electric vehicle (HEV) is a vehicle which combines a conventional propulsion system with an on-board rechargeable energy storage system (RESS) to achieve better fuel economy than a conventional vehicle without being hampered by range from a charging unit like an . How Does a Rechargeable Battery Work? A battery consists of a positive electrode, a negative electrode, a porous separator that keeps the electrodes from touching, and an ionic electrolyte electrolyte (ĭlĕk`trəlīt'), electrical conductor in which current is carried by ions rather than by free electrons (as in a metal). , which is the conducting medium for ions (charged particles) between the positive and the negative electrodes. When the battery is being charged ions transfer from the positive to the negative electrodes via the electrolyte. On discharge these ions return to the positive electrode releasing energy in the process. Existing Lithium Ion Batteries Rechargeable lithium ion batteries currently use graphite for the negative electrode and typically lithium cobalt oxide Cobalt Oxide may refer to:
This SEI layer, under normal operating temperatures, maintains a safety barrier between the reactive negative electrode and the electrolyte. However, if the temperature of the battery rises above about 120 degrees C the SEI breaks down. In this situation the negative electrode has a high tendency to chemically react vigorously with the electrolyte in a heat generating reaction that accelerates exponentially as the breakdown of the SEI occurs. This uncontrollable reaction is called a thermal runaway and ultimately leads to the destruction of the battery, and a resulting fire which could ignite the device to which the battery is connected such as an electric vehicle, laptop or cellphone (CELLular telePHONE) The first ubiquitous wireless telephone. Originally analog, all new cellular systems are digital, which has enabled the cellphone to turn into a smartphone that has access to the Internet. . The initial increase in temperature could be caused by a number of problems including external shorting of the battery, internal shorting of the electrodes resulting from mechanical damage to the battery or a manufacturing defect, overcharging of the battery, electronic control unit failure or external heat. Impurities in the battery could be introduced during the manufacturing process ultimately leading to an internal shorting of the battery. The Altairnano NanoSafe(TM) Battery Using an innovative approach to rechargeable battery chemistry Altairnano uses a patented nano-titanate material as the negative electrode in its NanoSafe batteries. By making this novel change to traditional battery design it has achieved a high powered battery that is thermally stable, and therefore can not exhibit thermal runaway. By removing the highly reactive graphite from the battery design, and instead using nano-titanate materials as the negative electrode material, no interaction takes place with the electrolyte in the Altairnano batteries. This results in an inherently safe battery. This key feature of the Altairnano NanoSafe battery means that it is well suited for hostile environments where physical movement, corrosion, high and/or low temperature extremes, electrical circuit complexity could cause shorting or battery malfunction resulting in thermal runaway of traditional lithium ion batteries. Such environments can be found in electric vehicles and hybrid electric vehicles. Altairnano is delivering its first NanoSafe battery in September to Phoenix Motorcars Phoenix Motorcars is a California-based company that focuses on developing electric vehicles. At present, Phoenix partners with other corporations for development of key vehicle components, such as AltairNano's fast-charge lithium ion battery technology. for incorporation into an electric sedan. Phoenix Motorcars, based in Ojai, California Ojai (pronounced IPA: /ˈoʊhaɪ/) is a city in Ventura County, California, United States. The estimated population, in 2003, was 8,006 , making it one of the smaller towns in the county. , is an early leader in the effort to mass produce full function, freeway ready electric automobiles. NanoSafe(TM) is a trademark of Altair Nanotechnologies Inc. ABOUT ALTAIR NANOTECHNOLOGIES INC. Altairnano is an innovator and supplier of advanced ceramic nanomaterials. With a skilled team of scientists in its 100,000 square foot facilities who, 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. 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. The company is applying nanotechnology to the development of drug candidates for humans and animals, coatings materials for implants, and materials for dental applications. Its high performance nanomaterials have applications in paints, coatings, and the treatment of water and air. The Altairnano Hydrochloride hydrochloride /hy·dro·chlo·ride/ (-klor´id) a salt of hydrochloric acid. hy·dro·chlo·ride n. A compound resulting from the reaction of hydrochloric acid with an organic base. Pigment process, the first new patented pigment process in 50 years, is an environmentally friendly Environmentally friendly, also referred to as nature friendly, is a term used to refer to goods and services considered to inflict minimal harm on the environment.[1] method for manufacturing white pigment used in paints, paper and plastic. For additional information visit www.altairnano.com. Forward-Looking Statements 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. " provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, may involve risks, uncertainties and other factors that may cause the company's actual results and performance in future periods to be materially different from any future results or performance suggested by the forward-looking statements in this release. These risks and uncertainties include, without limitation, the risk that NanoSafe batteries will perform differently in extended road tests or in actual usage than in laboratory tests and possibly exhibit unsafe characteristics or other performance problems; that markets for potential products using NanoSafe batteries, many or which are small or non-existent, will not expand or come into existence as expected; that even if a significant market evolves, that competing products will capture a dominant market position and that production and overheard costs may exceed associated revenue. In addition, other risks are identified in the company's most recent Annual Report on Form 10-Q Form 10-Q See 10-Q. , as filed with the SEC. Such forward-looking statements speak only as of the date of this release. The company expressly disclaims any obligation to update or revise any forward-looking statements found herein to reflect any changes in company expectations or results or any change in events. |
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