RENO, Nev., June 25, 2003 (PRIMEZONE) -- Altair Nanotechnologies, Inc. (Nasdaq:ALTI) has issued a clarification of its June 24, 2003 news release pertaining to the status of a patent pertaining to the company's process for manufacturing nano-sized yttria stabilized zirconia.
In accordance with patent law effective for certain patents filed after November 28, 2000, the Altair patent application has been published by the U.S. Patent and Trademark Office but has not yet been awarded. Altair will issue a news release when the patent is awarded.
What is Stabilized Zirconia?
Zirconia is a white powder used in making, among other things, furnace linings and pigments. When stabilized with yttrium, the zirconia is extremely strong and becomes a good oxygen ion conducting material that is able to sustain temperatures up to 2,000 degrees centigrade - the perfect material for solid oxide fuel cell cores and the thermal spray industry.
Altair Nanotechnologies, Inc.
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 nanomaterials and technology 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 nanomaterials with potential applications in pharmaceuticals, fuel cells, solar cells, advanced energy storage devices, thermal spray coatings, catalysts, paints and environmental remediation. For additional information on Altair's nanoparticle materials, visit www.altairnano.com.
The Altair Nanotechnologies Inc. company logo can be found at: http://media.primezone.com/prs/single/?pkgid=511
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 and future results to be materially different than suggested by the forward-looking statements in this release. These risks and uncertainties include, without limitation, the companies ability to attract funding for continued R&D or attract partners pertaining to the successful development of a SOFC utilizing Altair's YZS, in addition to other risks 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.