Altairnano Exhibits Freeway-Ready, All-Electric Sport Utility Vehicle at Southern California Clean Vehicle Technology Expo.Altairnano NanoSafe[TM] Batteries Power All-Electric Vehicles with Top Speed of 95 MPH and 110+ Mile Cruising Range ONTARIO, Calif. -- 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) with its partners, 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. and Boshart Engineering, exhibited its freeway-ready, all-electric sport utility vehicle (SUV) at the Southern California Clean Vehicle Technology Expo Southern California Clean Vehicle Technology EXPO The Southern California Clean Vehicle Technology EXPO (EXPO) (www.cleanvehicleexpo.com) is hosted by the South Coast Air Quality Management District (AQMD) and supported by many other state organizations interested in improving air , held last week at the Ontario Convention Center in Ontario, California Ontario is a city located in San Bernardino County, California, United States. As of the 2000 Census, the city had a total population of 170,373. It is the home of LA/Ontario International Airport and the huge Ontario Mills shopping mall (the largest in Southern California and one . In addition, Phoenix Motorcars exhibited its all-electric sport utility truck. Powered entirely by Altairnano NanoSafe[TM] batteries, which charge in minutes and have a life span of 15-plus years, both vehicles are able to attain road speeds of 95 miles per hour (and zero to 60 mph in less than 10 seconds), with a travel range of 110+ miles. "The Southern California Clean Vehicle Technology Expo represents a great opportunity for Phoenix to show fleet operators, particularly those in the public utility space, what our electric vehicles looks like in action," said Phoenix Motorcars Chairman Dan Riegert. "The reactions we're getting so far from fleet operators, as well as representatives of federal and state-level environmental agencies are very positive." "Today, perhaps more than ever before, there's tremendous interest in the road performance, recharge re·charge tr.v. re·charged, re·charg·ing, re·charg·es To charge again, especially to reenergize a storage battery. re capability and overall safety characteristics of electric vehicles powered by Altairnano's NanoSafe 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. Boshart President Ken Boshart praised the three-way partnership between Altairnano, Phoenix and Boshart Engineering that has resulted in the development of both vehicles. "Altairnano-powered, Boshart-engineered and integrated, and Phoenix manufactured, these freeway-ready, all-electric vehicles are a powerful example of what happens when you combine the right technology, with the right providers, at the right time." ABOUT ALTAIR NANOTECHNOLOGIES INC. Based in Reno, Nevada, Altairnano is an innovator and supplier of advanced novel, ceramic nanomaterials. Altairnano's leading edge scientists are complemented by a seasoned management team with substantial experience in commercializing innovative, disruptive technologies. The company has developed nanomaterials for the alternative energy, life sciences and performance materials markets based on its proprietary manufacturing process. This process also provides the foundation for its innovative AHP AHP Assistant House Physician. pigment process. In alternative energy Altairnano has disruptive battery technology delivering minute-charge, high power, long life, ultra-wide operating temperature range and inherently safe performance in its NanoSafe[TM] batteries. For more information 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 include the risk that the volume production of the electric SUV will not proceed as anticipated because of technical issues, failure of anticipated orders to occur, failure of Phoenix or Boshart to continue with the project or other factors and that electric SUV's using Altair's NanoSafe rechargeable batteries may not exhibit the same performance characteristics in actual applications as they have in tests because of varying weather conditions, different than projected driving patterns, absence of sufficient transformer capacity for rapid recharge and other issues. 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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