Altair Nanotechnologies (ALTI) Announces $850,000 Follow-On Order From Proterra

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06:41:31 am on May 4, 2010

Altair Nanotechnologies has just announced that it has received a new $850,000 follow-on order for its advanced lithium-ion battery modules from Proterra.  The batteries will be used in Proterra’s electric and hybrid transit buses, especially the electric 35-foot Proterra FCBE 35 transit buses.

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In a press release, Terry Copeland, President and Chief Executive Officer of Altairnano, commented on the order:

“This latest purchase order will allow Proterra to meet its immediate customer needs while we work out the remaining details of the more comprehensive agreement. We have been collaborating with Proterra for over two years and are excited for the customer interest and traction that they are starting to achieve. We look forward to growing our mutual relationship as demand for Proterra’s product increases as a result of the expanding availability of federal funding for transit bus purchases.”

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