This was an investment announced quite awhile awhile ago, but it’s being announced this morning that the $57 million investment in Altair Nanotechnologies (ALTI) by Canon Investment Holdings is finally closing. The investment will result in a majority ownership stake for Canon, but it was necessary for ALTI to survive and make a run at a big push in the China market.
===> Click Here A FREE Daily Altair Technical Analysis
Canon chairman Wei Yincang … Read the rest
In recent days, Altair Nanotechnologies (ALTI) has surged, doubling in just 3 trading days with huge buy volume. I’m not seeing any news or upgrades that would account for this move, so maybe the news is coming. If you have an idea of why the surge is taking place in ALTI feel free to leave a comment below. Another speculative lithium battery stock that may be primed and fueled for surge is Valence Technology (VLNC). … Read the rest
Hoping to increase adoption of its lithium-titanate battery systems, Altairnano just announced the release of an application kit that will allow OEMs to test the product in simulated real-world operating conditions.
The application kit will consist of a 50 ampere-hour battery module, connection and control unit and a netbook computer for controlling and monitoring the system. It will allow OEMs to test a variety of voltage and amperage configurations.
Altair Nanotechnologies (ALTI) could use some good news. With its stock trading at 40 cents a share, it’s on the verge of extinction. Today it got some. The company signed a long term lithium battery supply deal with Proterra for their hybrid and electric buses, allowing the buses to recharge in 10 minutes.
====> Click Here For Your FREE Altair Technical Analysis
The two companies have partnered in the past and this purchase order … Read the rest
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.
====> Click Here For Your FREE Altairnano Analysis
In a press release, Terry Copeland, President and Chief Executive Officer of Altairnano, commented on the order:
“This latest purchase order will allow Proterra … Read the rest
Altair Nanotechnologies (ALTI) is up nearly 15% in after hours of trading after it was announced the company is receiving $3.8 million from the Office of Naval Research for the ongoing research and design of Altair’s large scale lithium battery storage systems for the potential use on Navy ships as un uninterruptible power supply. The battery would allow the Navy to run only one gas turbine generator efficiently as opposed to two and provide enough … Read the rest
Altair Nanotechnologies just announced that it has raised $14 million (before expenses) from a registered direct offering. Here are the terms of the offering, as described in a company press release:
Under the terms of the transaction, Altair will sell 11,994,469 million common shares at a purchase price of $1.17 per share. Investors will also receive warrants to purchase 0.55 of a common share for each common share purchased. The common shares and warrants … Read the rest
Altair Nanotechnologies (ALTI) is breaking out of a bullish wedge formation this morning and making a run at the 200 day moving average with very heavy volume on the buy side. I’m not seeing any news this morning so it may have something to do with an article over at CBS Marketwatch late Friday written by John Dvorak who is intrigued by Altair’s new lithium-titanate battery being tested by the UK’s Lightning car company and … Read the rest
Altair Nanotechnologies (ALTI) is announcing this morning it has shipped 40 advanced lithium ion battery systems to the US Army as part of a testing program to improve performance reliability and safety of the M119 gun batteries. The testing is expected to continue through the summer. If the tests are successful, Altair’s batteries could be used in a wide array of other military applications.
“Altairnano’s advanced battery systems exhibit the widest operating temperature ranges and … Read the rest
Altair Nanotechnologies announced on Friday that its new grid-scale battery storage system has been accepted for participation in the PJM Regional Transmission Organization control area, which serves approximately 51 million people. The 1 megawatt, 250 kilowatt-hour storage system was developed under a joint agreement with AES Energy Storage LLC. This marks the first time ever that a Lithium-Titanate battery has achieved commercial acceptance to "to provide grid regulation services in one of the largest … Read the rest