Altair Nanotechnologies (ALTI) In Joint Agreement With Amperex Technology

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08:42:47 am on May 18, 2009

Altair Nanotechnologies just announced a joint agreement with Amperex Technology to help speed up the development of lithium-titanate battery cells for commercial sale. According to the agreement, both companies will provide resources from their respective areas of expertise to engineer, design and test next-generation rechargeable battery cells. The companies will try to improve the performance of lithium-titanate battery cells by increasing cell energy and power density, and the resulting products are expected to be available by the end of this year.

In a press release, executives from both companies commented on the agreement:

"ATL, utilizing world-class manufacturing techniques and industry-leading expertise in battery cell development, views its association with Altairnano as furthering its goal of working with key companies in the energy storage system market to take advantage of the resulting synergies," said Dr. Robin Zeng, President and CEO at ATL. "We are very pleased to be working with Altairnano to accelerate commercialization of next-generation lithium-titanate batteries. The association with Altairnano will provide additional in-roads to the global market in energy storage."

"We’re excited to partner with a recognized world leader in advanced cell design and manufacturing," said Dr. Terry Copeland, President and CEO, Altairnano. "Strategic alignment with ATL strengthens Altairnano’s position to meet growing global market demands for utility-scale energy storage systems and for EV, HEV, and PHEV battery applications."

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