Altair Nanotechnologies Reports Receiving a Nasdaq Non-Compliance Letter

RENO, NV--(Marketwired - Apr 23, 2014) - Altair Nanotechnologies, Inc. ("Altair") (NASDAQ: ALTI), reports the Company received a non-compliance letter from the Nasdaq Stock Market ("Nasdaq").

On April 16, 2014, Altair received a letter from Nasdaq indicating that Altair was not in compliance with the continuous listing rules due to its failure to file its Annual Report on Form 10-K for the year ended December 31, 2013 (the "Annual Report") on a timely basis. Under the rules, Altair has 60 days to submit a plan to regain compliance and if the plan is accepted, Altair could be granted up to 180 calendar days from the Annual Report's due date, or until October 13, 2014, to regain compliance. Altair will also be added to Nasdaq's list of non-compliant companies.

Altair expects to file its Annual Report as soon as practical and expects to submit a plan to regain compliance within the timelines prescribed by the letter and Nasdaq rules.

About Altair Nanotechnologies Inc.
Altair is a leading provider of high-power, energy storage systems for the electric grid, industrial equipment and transportation markets. The company's lithium titanate technology is built on a proprietary nano-scale processing technology that creates high-power, rapid-charging battery systems with industry-leading performance and cycle life. Altair is headquartered in Anderson, Indiana and maintains operations in Reno, Nevada; Zhuhai, China; and Wu'an, China. For additional information, please visit: www.altairnano.com.

Forward-Looking Statements
This report 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 Altair'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 report. These risks include the risk that Altair will unable to file the Annual Report prior to the submission of its plan to Nasdaq or within any extension period, that Altair will fail to appoint an audit committee member within the cure period prescribed by Nasdaq, that whether or not Altair is able to file the Annual Report within any required Nasdaq period, that Altair will be delisted from Nasdaq due to the subjective concerns of Nasdaq regarding its financial strength, ability to comply with the Nasdaq rules on a prospective basis or other reasons. Other risks are identified in Altair's most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q filed with the SEC. Such forward-looking statements speak only as of the date of this release. Altair expressly disclaims any obligation to update or revise any forward-looking statements found herein to reflect any changes in Altair expectations or results or any change in events.