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ALTAIR
NANOTECHNOLOGIES INC. (NasdaqSC: ALTI) |
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Dear Readers,
Once again, we are privileged to bring to you compelling information
about Altair Nanotechnologies Inc. (NasdaqSC: ALTI), the
dynamic NANOTECHNOLOGY company that we’ve been following
for years. ALTI remains quite possibly one of the most popular
companies we’ve featured in our long history at StockUpTicks.com
after a meteoric rise that brought profits to investors in the know.
As most of our readers know (or should know), nanotechnology is
the science of the very small and informed minds in the government
and private sectors believe that this new science can change lives
in ways that parallel the advent of the Internet. We’ve published
exhaustively on the subject because we subscribe to that opinion
as well, offering our readers FREE RESEARCH (click
here) on Nanotech info as well while searching out intriquing
companies in this sector.
Today we bring to you a recent news releaese regarding two new
patents filed by Altair that will extend its intellectual property
protection for its drug delivery systems. Read on!
For our intitial 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
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Recent News From Altair *** |
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Press Release
Source: Altair Nanotechnologies,
Inc.
Tuesday July 27,
8:00 am ET
Altair Nanotechnologies
Reports Progress on Drug Delivery System
and Files Two
New Patents Pertaining to Drug Delivery
Progress on TiNano Spheres(TM)
Drug Delivery System Brings Interest From Potential New Pharmaceutical
Partners
RENO, NV--(MARKET WIRE)--Jul
27, 2004 -- Altair Nanotechnologies, Inc. (NasdaqSC:ALTI
- News)
today announced that it filed two new patent applications, which
extend the company's intellectual property protection for its TiNano
Spheres(TM) drug delivery system.
Recent laboratory testing results
show the ability to control the level of loading of drugs onto and
into the TiNano Spheres, which provides for high drug and chemical
loading levels. This capability is important for developing a broad
platform of drug delivery systems that can address a multitude of
market opportunities. Testing also confirmed that drugs loaded into
the TiNano Spheres delivery system matrix can be released at significant
therapeutic concentrations. Additional laboratory testing indicated
that TiNano Spheres resist crushing, making "street" methods commonly
used to abuse drugs like amphetamines or pain management drugs and
narcotics difficult or impossible.
Altair continues discussions with
potential market partners interested in novel drug delivery systems
or companies seeking to extend product life cycles of existing drugs.
Altair is targeting markets for use of its TiNano Spheres technology,
which uses rigid, hollow ceramic structures, as a drug delivery
platform for pain management, inflammation, coronary indications,
analgesia and microbial infection. The TiNano Spheres drug delivery
platform has the advantage of using materials such as titanium dioxide,
which are recognized as being biologically benign and safe. The
Freedonia Group estimates that the market for drug delivery systems
is approximately $54 billion in the U.S.
"We are confident that Altair
has reached a watershed point in building a viable life sciences
capability," commented Altair Nanotechnologies President Dr. Rudi
E. Moerck. "Our scientists have made significant progress with our
lead drug candidate and novel drug delivery system. Our sales and
marketing strategy is to continue developing key market partnerships
as we expand our product capabilities and pipeline in the Life Sciences
Division."
ALTAIR NANOTECHNOLOGIES INC.
Although an emerging field, Nanotechnology
is already having a unique impact on several industry sectors. Altair
Nanotechnologies is positioning itself through product innovation
to become a leading supplier of nanomaterial technology and nanomaterials
worldwide. Altair owns robust proprietary technology platforms for
manufacturing a variety of crystalline and non-crystalline nano-materials
of unique structure, performance, quality and cost. Altair has installed
semi-works capability with a capacity to produce hundreds of tons
of nano-materials.
The company is organized into
two divisions: Life Sciences and Performance Materials. The Life
Sciences Division is pursuing market applications in pharmaceuticals,
drug delivery, dental materials, cosmetics and other medical markets.
The Performance Materials Division is pursuing market applications
in paints and coatings (titanium pigments and thermal spray coatings),
process technologies (titanium metal manufacturing, catalysts and
water treatment), alternative energy (high performance batteries,
fuel cell and photovoltaics) and other high performance material
applications. For additional information on Altair and its nano-materials,
visit www.altairnano.com
Altair Nanotechnologies, Inc.®,
Altair Nanomaterials(TM), TiNano®, RenaZorb(TM), NanoCheck(TM),
TiNano Spheres(TM), No Defeat(TM) and the Hydrochloride Pigment
Process(TM) are trademarks or registered trademarks of Altair Nanotechnologies,
Inc.
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 and uncertainties
include, without limitation, the risks that Altair's numerous development
stage products including TiNano Spheres(TM) will not be developed
to the point of commercialization or that, even if commercialized,
no market will exist for such products or Altair will fail to effectively
market to customers in a market, that Altair will be unable to enter
into license agreements regarding its pigment process (AHPP), TiNano
Spheres(TM), RenaZorb(TM) or other developing products, that even
if Altair enters into such license agreements, short-term revenues
from such agreements will not be sufficient to fund Altair's operations
in the short run, and that animal testing or future testing on TiNano
Spheres(TM), RenaZorb(TM) or other products of the company will
not be successful and that development will need to be terminated.
In general, Altair is, and expects to be in the immediate future,
dependent upon funds generated from sales of securities, grants,
testing agreements, and licensing agreements to fund its testing,
development and ongoing operations. If the company is unable to
continue to raise significant funding through such methods, it may
be unable to continue as a going concern. 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.
-end
For Additional
Information:
Marty
Tullio or Mark Tullio
McCloud
Communications, LLC
949.566.9860
marty@mccloudcommunications.com
mark@mccloudcommunications.com
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A Snapshot Of The Financials *** |
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Statistics:
· Nasdaq symbol: ALTI
· Fiscal year end: Dec. 31
· Market Cap: $72.6 M
· Recent price: $ 1.49
· Common shares outstanding: 48.7M (as of May13,
2004)
· Float: 34.6 M
Sectors: Chemical & Specialty Chemical
Potential portfolio matches: Alternative, Growth, Momentum, Theme
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CONTACT *** |
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Harbor Statement: Statements contained in this document,
including those pertaining to estimates and related plans other
than statements of historical fact, are forward-looking statements
subject to a number of uncertainties that could cause actual results
to differ materially from statements made.
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completeness or correctness. Past performance is no guarantee
of future results. This report is for information purposes only
and should not be used as the basis for any investment decision.
MP has received 20,000 dollars from Altair
for preparation and distribution of this report. This compensation
constitutes a conflict of interest as to MP’s ability to
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