Contact Information: Contact: Mr. Gary Willms V.P. Business Development gwillms@isecorp.com (858) 413-1736 www.isecorp.com
ISE Corporation and Altairnano to Jointly Develop Rechargeable Lithium Titanate Battery Packs for Heavy Duty Vehicle Applications
| Source: ISE Corporation
SAN DIEGO, CA--(Marketwire - June 4, 2007) - ISE Corporation and Altair Nanotechnologies,
Inc. (NASDAQ : ALTI ) have entered an agreement to jointly develop and
commercially supply Lithium rechargeable battery packs for use in hybrid
electric and all electric heavy-duty vehicles. Altairnano is a developer
and manufacturer of electrode materials, NanoSafe™ lithium battery cells
and power storage products. ISE Corp. is a developer and manufacturer of
electric and hybrid-electric drive systems and components for heavy duty
vehicles.
Under the agreement, Altairnano will provide NanoSafe™ cells and
batteries for the battery pack based on their proprietary lithium titanate
electrode materials, and data on the proper care and management of their
cells and batteries. ISE will design the system utilizing its data on
operating environments, vehicle shock and vibration criteria, vehicle duty
cycles and proprietary software and control electronics. Other cooperative
areas will include cell equalization and packaging of the commercial
product. The goal is to develop and commercially supply high quality, cost
effective, lithium battery packs for heavy duty buses, trucks, military
vehicles and airport ground support equipment.
"We believe that Altair's NanoSafe power storage products combined with
ISE's control electronics and heavy duty vehicle packaging experience will
enable our partnership to provide excellent product solutions to the heavy
vehicle industry, a new market for Altairnano," said Dr. Alan J. Gotcher,
President and Chief Executive Officer of Altairnano.
"ISE intends to continue to be a leader in the development of energy
storage solutions for heavy duty electric and hybrid electric vehicles,"
said David Mazaika, President and Chief Executive Officer of ISE
Corporation. "We are excited to have partnered with Altairnano and feel
that Altairnano's unique nano technology yields power storage solutions
with high power and extremely long life that are ideally suited to maximize
the performance of heavy duty hybrid vehicles."
About Altairnano:
Altairnano is a recognized industry innovator in the discovery, development
and manufacture of ceramic nanomaterials. Altairnano has produced novel
products for life sciences, alternative energy, air and water purification
and advanced materials applications. Altairnano is based in Reno, Nevada.
Visit Altairnano at www.altairnano.com.
About ISE Corporation:
ISE Corporation, based in San Diego, is a leading supplier of hybrid drive
systems and components for heavy duty vehicles such as buses, trucks,
trams, airport equipment, and military vehicles. ISE is a world leader in
electric, hybrid-electric, and fuel cell technologies, and the U.S.
distributor for Siemens ELFA™ electric and hybrid-electric drive
components. Visit ISE Corp. at www.isecorp.com.