Tag Archives: altairnano

Altairnano (ALTI) Announces New Application Kit For OEMs

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.

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

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 … Read the rest

Altairnano (ALTI) Falls Below NASDAQ’s Minimum $1 Share Price

Altairnano just announced that it has received notice from the NASDAQ stock exchange it is in violation of Rule 5550(a)(2) because its stock price fell below a $1.00 from November 9 through December 1st.

The company has a 180-day grace period to bring its share price back up above $1.00 for at least 10 business days in a row.  After that, it may be eligible for an additional 180-day grace period or it may be … Read the rest

Altairnano (ALTI) Nets Battery Contract With Proterra

After 18 months of demonstration and testing, it’s official: Altairnano just snagged a contract with Proterra, a company that makes EV and electric buses, worth $898,400. Under the agreement, Altairnano will supply Proterra with its advanced batteries, each of which contain Altairnano’s 1P10S module configuration.  In fuel economy equivalency tests at the University of Pennsylvania, electric buses using these batteries were able to obtain 20 miles per gallon- a 400 percent improvement over buses that … Read the rest

Altairnano (ALTI) Receives Small Business Innovation Research Grant

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, … Read the rest

Electric Vehicles Industry Analysis – Tesla Motors, Phoenix Motorcars, Th!nk Global, Aptera Motors

Floyd Associates, a privately held consulting firm is out with a research report on the future of electric cars (disclaimer: FA is involved with business development of Phoenix Motorcars) which isn’t all that detailed but provides a good primer on the technologies involved and some of the smaller players hoping to emerge as future leaders of the electric car industry (or sell their technologies to existing major auto companies).  Below is an outline of the … Read the rest

Altairnano (ALTI) Reports Another Loss, But Beats Estimates; Announces Army Contract

Altair (ALTI) the lithium battery maker for electric cars reported another quarterly loss of .07/share but beat estimates by a couple pennies on revenue of 1.9 million (vs consensus of 1.65 million). 

Today, the company also announced a $350,000 contract with the US Army to deliver prototype batteries for use in the Army’s M119 105mm lightweight gun digitization program.  Altair’s batteries can operate in extreme conditions with rapid charging capabilities and a long life. 

Delivery … Read the rest