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Altairnano, Phoenix and Boshart to Demonstrate Electric SUV at Zero Emission Vehicle Symposium; Electric Sports Utility Model Also To Be On DisplayRENO, Nev. --(Business Wire)-- Sept. 21, 2006 -- Altair Nanotechnologies Inc. (NASDAQ: ALTI), with their electric vehicle partners, Boshart Engineering and Phoenix Motorcars, will road demonstrate a full size electric SUV at the California Air Resources Board Zero Emission Vehicle (ZEV) Technology Symposium, held next week, September 25-27, 2006 in Sacramento, California. The demonstration electric SUV is an early model of the commercially available vehicle, targeted for volume delivery in Spring 2007. This vehicle is planned to be capable of road speeds up to 95 mph, a driving range that is configurable up to 200 miles, a battery recharge time potential of less than 10 minutes, and an acceleration of 0 to 60mph in less than 10 seconds. Another configuration of the vehicle as a Sports Utility Truck will also be on display at the Symposium. Attendees of the Symposium will be invited to ride in this innovative, full size SUV. Also on September 27, at 2:30 p.m., Evan House, Ph.D., Director of Altairnano's Advanced Materials & Power Systems business unit, will deliver a presentation on Altairnano's NanoSafe(TM) rechargeable nano-titanate battery program. The Symposium will be held at the Cal/EPA Headquarters Building, Byron Sher Auditorium, 1001 I Street, Sacramento, CA. For more information on the event, please visit: http://www.arb.ca.gov/msprog/zevprog/symposium/sympdetail.htm. ABOUT ALTAIR NANOTECHNOLOGIES INC. Altairnano is an innovator and supplier of advanced ceramic nanomaterials. With a skilled team of scientists in its 100,000 square foot facilities who, coupled in collaborative ventures with industry partners and leading academic centers, have developed a unique portfolio of intellectual property and novel products. These researchers are complemented by a seasoned management team with substantial experience in commercializing innovative, disruptive technologies. Altairnano focuses on nanotechnology applications to enable new high-growth markets. In alternative energy Altairnano is pioneering new battery materials and systems. The company is applying nanotechnology to the development of drug candidates for humans and animals, coatings materials for implants, and materials for dental applications. Its high performance nanomaterials have applications in paints, coatings, and the treatment of water and air. The Altairnano Hydrochloride Pigment process, the first new patented pigment process in 50 years, is an environmentally friendly method for manufacturing white pigment used in paints, paper and plastic. For additional information visit www.altairnano.com. Forward-Looking Statements This release may contain forward-looking statements as well as historical information. Forward-looking statements, which are included in accordance with the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, may involve risks, uncertainties and other factors that may cause the company's actual results and performance in future periods to be materially different from any future results or performance suggested by the forward-looking statements in this release. These risks include the risk that the volume production of the electric SUV will not proceed as anticipated because of technical issues, failure of anticipated orders to occur, failure of Phoenix or Boshart to continue with the project or other factors and that electric SUV's using Altair's NanoSafe rechargeable batteries may not exhibit the same performance characteristics in actual applications as they have in tests because of varying weather conditions, different than projected driving patterns, absence of sufficient transformer capacity for rapid recharge and other issues. In addition, other risks are identified in the company's most recent Annual Report on Form 10-K, as filed with the SEC. Such forward-looking statements speak only as of the date of this release. The company expressly disclaims any obligation to update or revise any forward-looking statements found herein to reflect any changes in company expectations or results or any change in events. |
