ALTAIR NANOTECHNOLOGIES (NasdaqSC: ALTI)

Dear Readers,

Earlier this month Altair announced that it had struck a deal with Titanium Metals Corporation (NYSE:TIE) to develop a low-cost manufacturing process for titanium dioxide pellets, a key ingredient in nanotechnology.

Not a company to rest on its laurels, Altair announced today that The Vietnamese Government has Approved a $25 Million Project to Produce Titanium Dioxide Pigment. (See news release below) 

We first introduced you to Altair in May of 2002 (see link to our profile below). We were so intrigued by this burgeoning sector that we even commissioned an analyst report to delve deeper into the micro-world of nanotechnology. (see link below)

As the world gets smaller and smaller, Altair keeps growing and growing as it positions itself as a leader in this exciting new frontier of nanotechnology!

For our first profile on ALTI click here
For a full introductory report on nanotechnology by analyst, Randy Lewis click here
For Current News and Stock Price info on ALTI: click here
 

ALTAIR IN THE NEWS TODAY

An Excerpt From Today's News Release: 

Press Release
Source: Altair Nanotechnologies Inc.
Thursday February 19, 8:00 am ET 

RENO, NV--(MARKET WIRE)--Feb 19, 2004 -- Altair Nanotechnologies (NasdaqSC:ALTI - News) announced that, in a written statement issued February 5, 2004, the Vietnamese government has approved a $25 million project to exploit, process and export titanium dioxide pigment. Mineral Development Company No. 6 (Lidisaco), a subsidiary of the Vietnam Mineral Resource Department, will develop the project which is expected to produce approximately 10,000 tons of titanium dioxide annually. Deputy Prime Minister Nguyen Tan Dung has approved a plan by the Ministry of Industry and Lidisaco to find additional investment capital for the project by establishing a joint venture with an international partner.

"Phase one of the development program will be funded for approximately $250,000 and will take place over a five-month period," said Altair Nanotechnologies President Dr.Rudi E. Moerck. "The remaining phases of the project are dependent on the outcome of the first phase and the availability of project financing. We are optimistic that Altair's technology will be very suitable for the Vietnamese titanium mineral deposits that are being considered for the project."

 Altair entered into an agreement with Avireco USA, LLC to evaluate Altair's technology for the $25 million project. Under the terms of the agreement, Altair will determine the suitability of Avireco's feedstock for producing titanium dioxide pigment using the Altair Hydrochloride Pigment Process (AHPP) during phase one.  Upon successful completion of phase one, the agreement provides that Avireco will enter into a licensing agreement with Altair under which Avireco will have an exclusive license to manufacture and market titanium dioxide pigment throughout Vietnam and other countries. Altair will receive royalties on all pigment sold by Avireco.

Under the current project plan, at the completion of phase one, Altair, in conjunction with Avireco, will select an engineering/construction management contractor to design and manage the construction of operational modular facilities for the manufacturing of titanium dioxide pigment using Altair's patented process. Altair may use part of its existing plant for the demonstration phase to establish design data and project development information. This data will be provided to the general contractor to facilitate the engineering design and building process. The new facilities are planned to initially produce 5,000 tons of pigment per year with the capability to expand to 10,000 tons or more of pigment per year for export purposes.

Read the entire news release and disclaimer: Click here
 

ABOUT ALTAIR NANOTECHNOLOGIES

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Nanotechnology is rapidly emerging as a unique industry sector. Altair Nanotechnologies is positioning itself through product innovation within this emerging industry to become a leading supplier of nanomaterial technology and nanomaterials worldwide. Altair owns a proprietary technology for making nanocrystalline materials of unique quality both economically and in large quantities. The company is currently developing special materials with potential applications in pharmaceuticals, titanium pigment and metal, batteries, fuel cells, solar cells, advanced energy storage devices, thermal spray coatings, catalysts, cosmetics and environmental remediation. For additional information on Altair and its nanoparticle materials, visit www.altairnano.com.

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