Altairnano (ALTI) Receives Small Business Innovation Research Grant

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07:27:53 am on July 31, 2009

Altairnano just announced that it has received a Small Business Innovation Research grant from the U.S. Small Business Administration (SBA) Office of Technology . The grant will be used to develop better-performing energy storage options for the Naval Sea Systems Command (NAVSEA), a contract valued at $100,000. With the grant, Altairnano will be able to research and develop new cell chemistries that maintain performance even in extremely high temperatures.

In a press release, Terry Copeland, Altairnano’s president and CEO, commented on the grant:

“Altairnano’s energy storage and battery systems already perform at some of the highest temperature ratings in the storage industry,” said . “NAVSEA is helping Altairnano to further develop our nano-structured lithium titanate chemistry and extend our unique performance characteristics to attain continuous operation in temperatures never before achieved with advanced energy storage and battery systems.

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