 SAN
DIEGO, CA, May 30, 2007 — ISE Corporation
and Altair Nanotechnologies, Inc. (Nasdaq: ALTI) have
entered an agreement to jointly develop and commercially
supply Lithium rechargeable battery packs for use in
hybrid electric and all electric heavy-duty vehicles.
Altairnano is a developer and manufacturer of electrode
materials, NanoSafe™ lithium battery cells and power
storage products. ISE Corp. is a developer and manufacturer
of electric and hybrid-electric drive systems and components
for heavy-duty vehicles.
Under the agreement, Altairnano will provide NanoSafe™
cells and batteries for the battery pack based on their
proprietary lithium titanate electrode materials, and
data on the proper care and management of their cells
and batteries. ISE will design the system utilizing its
data on operating environments, vehicle shock and vibration
criteria, vehicle duty cycles and proprietary software
and control electronics. Other cooperative areas will
include cell equalization and packaging of the commercial
product. The goal is to develop and commercially supply
high quality, cost effective, lithium battery packs for
heavy duty buses, trucks, military vehicles and airport
ground support equipment.
"We believe that Altair's NanoSafe power storage products
combined with ISE's control electronics and heavy duty
vehicle packaging experience will enable our partnership
to provide excellent product solutions to the heavy vehicle
industry, a new market for Altairnano," said Dr. Alan
J. Gotcher, President and Chief Executive Officer of
Altairnano.
"ISE intends to continue to be a leader in the development
of energy storage solutions for heavy duty electric and
hybrid electric vehicles," said David Mazaika, President
and Chief Executive Officer of ISE Corporation. "We are
excited to have partnered with Altairnano and feel that
Altairnano's unique nano technology yields power storage
solutions with high power and extremely long life that
are ideally suited to maximize the performance of heavy
duty hybrid vehicles."
About Altairnano:
Altairnano is a recognized industry innovator in the
discovery, development and manufacture of ceramic nanomaterials.
Altairnano has produced novel products for life sciences,
alternative energy, air and water purification and
advanced materials applications. Altairnano is based
in Reno, Nevada. Visit Altairnano at www.altairnano.com.
About ISE Corporation:
ISE Corporation, based in San Diego, is a leading supplier
of hybrid drive systems and components for heavy-duty
vehicles such as buses, trucks, trams, airport equipment,
and military vehicles. ISE is a world leader in electric,
hybrid-electric, and fuel cell technologies, and the
U.S. distributor for Siemens ELFA™ electric and
hybrid-electric drive components. Visit ISE at www.isecorp.com
Contact:
Mr. Gary Willms
V.P. Business Development
Telephone (858) 413-1720
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