Altair
Nanotechnologies Inc., a leading provider of advanced
nanomaterials technology used in power and energy systems, life
sciences and industrial applications, today announced the signing of a
$2.5 million contract with the United States Navy for the development
of battery backup power systems in Naval applications.
Under the terms of the contract, Altair will develop an
optimized battery cell employing its nano-sized lithium titanate
(n-LTO) electrode materials and then demonstrate the performance and
safety attributes of the cell. Altair will also develop and
demonstrate a modular system design for utilization of the product
technology in multiple military applications, including energy and
power storage for Naval applications. The $2.5 million contract is
funded as part of a $3.3 million United States Navy program that
includes independent product testing by the Navy.
"This is a validation test program for our new disruptive
battery technology," said Altairnano CEO and President Alan J. Gotcher,
Ph.D. "We are proud to be working with the U.S. Navy and assisting in
the launch of a new class of battery backup systems for its fleet
performance application. Warships, in particular, run two generators
continuously, one to supply energy and one to provide a backup energy
source. The fuel cost for the backup is staggering. We look forward to
working with the Navy team in developing and commercializing our
product technology."