Altair Signs Confidentiality Agreements With Two of The Largest Pigment Manufacturers in The United States; Worldwide Pigment Industry Estimated To Be Approximately $9 Billion Annually.Business Editors & Health/Medical Writers RENO, Nev.--(BW HealthWire)--Aug. 14, 2002 Altair Nanotechnologies Inc. (Nasdaq:ALTI) today announced that two of the three largest United States-based pigment manufacturers have signed confidentiality agreements and are evaluating the potential use of Altair's patented pigment processing technology. The worldwide pigment industry is estimated to be approximately $9 billion annually. Altair's patented technology revolutionizes the production of white titanium dioxide pigment from llmenite ore concentrates. The process is 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] as the chemical additives used in the process are recyclable, eliminating essentially all hazardous waste Hazardous waste Any solid, liquid, or gaseous waste materials that, if improperly managed or disposed of, may pose substantial hazards to human health and the environment. Every industrial country in the world has had problems with managing hazardous wastes. disposal issues that plague existing processes. In addition to eliminating potential health risks, the process can dramatically reduce operating costs operating costs npl → gastos mpl operacionales associated with the current production process. "Several companies are now evaluating the process and we anticipate the execution of at least one pigment development agreement within the next 30 days," commented Altair Nanotechnologies' President Dr. Rudi Moerck. "We are very pleased with the level of interest received since we first announced the issuance of the base technology patent last April. With the issuance of the new patent, we have allocated more resources to pigment development and the response from the industry confirms our strategy." Altair was awarded its first patent "Processing Titaniferous ti·tan·if·er·ous adj. Containing or yielding titanium. Ore to Titanium Dioxide Pigment" by the U.S. Patent Office on April 23, 2002. Based on the new patent, Altair has filed seven additional patent applications and has an equal number under development. Altair has received a Notice of Allowance from the U.S. Patent Office indicating that all the claims of the second patent application "Processing Aqueous aqueous /aque·ous/ (a´kwe-us) 1. watery; prepared with water. 2. see under humor. a·que·ous adj. Titanium Chloride Titanium chloride may refer to:
This second patent includes all required modifications to the initial patent to cover the manufacture of titanium dioxide nanoparticles which Altair has been developing since it acquired the newly patented process. About 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 nanomaterials and technology 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, 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 applications. For additional information on Altair's 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 possibilities that the company may be unable to attract additional customers, funded research opportunities, product development opportunities or ventures through its sales and branding campaign, that the company may never earn sufficient revenues to be profitable and that the company's nanoparticle products may not be integrated into any major market groups and products, in addition to other risks 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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