Altair Nanotechnologies Files Patent on NanoCheck Algae Preventer for Prevention of Algae in Swimming Pools.Business Editors RENO, Nev.--(BUSINESS WIRE)--Dec. 16, 2002 NanoCheck Safely Prevents Algae algae (ăl`jē) [plural of Lat. alga=seaweed], a large and diverse group of primarily aquatic plantlike organisms. These organisms were previously classified as a primitive subkingdom of the plant kingdom, the thallophytes (plants that Growth In Swimming Pools, Spas and Decorative Ponds; Testing in Commercial Fish Farms Planned Altair Nanotechnologies Inc. (Nasdaq:ALTI) announced the filing of a new patent application for the production of NanoCheck(TM) Algae Preventer, a product that effectively removes phosphates phosphates (fos´fāts), n.pl the organic compounds of phosphorus. The blood phosphate level is normally 2.5 mg to 5 mg/100 ml. It is low in rickets and early hyperparathyroidism and high in tetany and nephritis. from water, which usually prevents algae growth in swimming pools, decorative ponds, water fountains and spas. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Dr. Rudi E. Moerck, president of Altair Nanotechnologies, several companies are in the process of executing confidentiality agreements allowing them to receive samples of NanoCheck for testing purposes. "Our initial test results are more than encouraging," commented Moerck. "NanoCheck removed phosphate and did not appear to have the problems associated with existing phosphate removal chemicals which require the use of flocculants or auxiliary chemicals. Our goal is to license our technology to produce NanoCheck to a large company that already serves the swimming pool and spa industry. "The industry, according to the National Swimming Pool and Spa Institute, represents over 8 million pools and 4 million existing spas and hot tubs worldwide with 360,000 pools and 260,000 spas and hot tubs being installed on a yearly basis." In addition to the use of NanoCheck in swimming pools and spas, Altair plans to expand its testing to confirm that it will not harm fish. If tests prove successful, a potentially large market will open for the use of NanoCheck in thousands of commercial fish farms worldwide. According to statistics provided by owners of commercial fish farms, algae removal and prevention is a significant percentage of their annual operating cost. NanoCheck is an easy-to-use product made with a new Altair process that produces a nanoparticle structure with a large surface area. The product is insoluble insoluble /in·sol·u·ble/ (in-sol´u-b'l) not susceptible of being dissolved. in·sol·u·ble adj. Not soluble. in water over a wide pH range. Altair Nanotechnologies Inc. Nanotechnology is rapidly emerging as a unique industry sector. Altair Nanotechnologies is positioning itself through product innovation within this emerging industry to become a leading supplier of nanomaterial technology and nanomaterials worldwide. Altair owns a proprietary technology for making nanocrystalline materials of unique quality both economically and in large quantities. The company is currently developing special nanomaterials with potential applications in pharmaceuticals, batteries, fuel cells, solar cells solar cell, semiconductor devised to convert light to electric current. It is a specially constructed diode, usually made of silicon crystal. When light strikes the exposed active surface, it knocks electrons loose from their sites in the crystal. , advanced energy storage devices, thermal spray Thermal Spray techniques are coating processes which involve spraying melted (or heated) materials onto a surface. As such thermal spraying is a line-of-sight process. The energy to heat the feedstock (coating precursor) is supplied by electrical (plasma or arc) or chemical means coatings, catalysts, cosmetics, paints and environmental remediation Generally, remediation means providing a remedy, so environmental remediation deals with the removal of pollution or contaminants from environmental media such as soil, groundwater, sediment, or surface water for the general protection of human health and the environment or from a . For additional information on Altair and its nanoparticle materials, visit www.altairnano.com. 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. " 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 company's ability to attract large companies that services the swimming pool and spa industries. Additionally, the company may be unable to attract additional customers, fund additional research or product development through its sales and branding campaign. The company may never earn sufficient revenues to be profitable; its nanoparticle products may not be integrated into any major market groups and products. In addition, other risks are identified in the company's most recent annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. , 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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