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.
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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.
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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.
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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 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
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 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
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