Feb 17, 2005

A LiIon battery that charges in minutes?

Reno, Nevada-based Altair Nanotechnologies Inc. has announced what it says is a breakthrough in Lithium Ion battery electrode materials that will allow faster-charging, longer-lasting Lithium Ion batteries.

Altair's Developments Pave the Way for a New Generation of Rechargeable Batteries

RENO, NV -- (MARKET WIRE) -- 02/10/2005 -- Altair Nanotechnologies, Inc. (NASDAQ: ALTI) announced today that it has achieved a breakthrough in Lithium Ion battery electrode materials, which will enable a new generation of rechargeable battery to be introduced into the marketplace, as well as create new markets for rechargeable batteries. These new materials allow rechargeable batteries to be manufactured that have three times the power of existing Lithium Ion batteries at the same price and with recharge times measured in a few minutes rather than hours.

The technical achievements are being praised by the battery community as truly remarkable and will likely enable a new generation of rechargeable battery to be produced. Altair has confidentiality agreements in place with some of the world's leading battery development companies to evaluate and commercialize these battery electrode materials.

Altair's research and development efforts were allowed two new patents (announced on January 7th and 14th, 2005) and a National Science Foundation grant was successfully completed in January, 2005, by Altair. New markets for fast charging batteries will include the handheld power tools market increasing the productivity of, for example, construction workers while lowering their overhead costs. Other markets include hybrid electric vehicles, portable electronics and medical surgery tools -- solving the problem of electrical wires all over the operating room floor.

Endorsements for Altair's work in this area have come from many quarters. Two eminent experts in battery technology, Dr. K. M. Abraham and Dr. Vassilis G. Keramidas, have expressed strong support for Altair's work

"The nanomaterials Altair is developing are the next generation of electrode materials for lithium-ion batteries and Altair's research and product development is laying the ground work for a new generation of ultra high power lithium ion batteries," commented Dr. K. M. Abraham. "A key requirement to the above applications is the ability to recharge the battery very quickly, for example in a few minutes. Current Li Ion batteries are incapable of such quick charge times because of the chemistry of the anode materials. Altair has found a solution to this with their nano-sized lithium titanium oxide."
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