Altair Nanotechnologies Announces Joint Development Agreement to Accelerate Commercialization of Lithium-Titanate Battery Cells

Altair Nanotechnologies Inc. (Altairnano) (Nasdaq: ALTI), and Amperex Technology Ltd. (ATL), announced today a joint development agreement to accelerate the commercialization of next generation high-performance lithium-titanate battery cells.

Under terms of the agreement, Altairnano and ATL will provide respective technical resources to focus on the engineering, design and testing of the next-generation of rechargeable cells. The cells are the core technology supporting Altairnano's energy storage and battery systems designed for electrical grid stability, renewable energy integration, and transportation applications.

The joint development agreement is an integral component of Altairnano's product roadmap and accelerated commercialization strategy for the company's advanced energy storage solutions. This initiative seeks to improve cell performance by increasing cell energy and power density. Increased density, coupled with Altairnano's distinctive performance capabilities, will further enhance the value and market adoption of the company's energy storage systems.

"ATL, utilizing world-class manufacturing techniques and industry-leading expertise in battery cell development, views its association with Altairnano as furthering its goal of working with key companies in the energy storage system market to take advantage of the resulting synergies," said Dr. Robin Zeng, President and CEO at ATL. "We are very pleased to be working with Altairnano to accelerate commercialization of next-generation lithium-titanate batteries. The association with Altairnano will provide additional in-roads to the global market in energy storage."

Initial availability of these cells and advanced energy storage systems and batteries featuring the company's next generation of advanced lithium-titanate cells is anticipated by the end of 2009.

"We're excited to partner with a recognized world leader in advanced cell design and manufacturing," said Dr. Terry Copeland, President and CEO, Altairnano. "Strategic alignment with ATL strengthens Altairnano's position to meet growing global market demands for utility-scale energy storage systems and for EV, HEV, and PHEV battery applications."

Headquartered in Reno, Nevada with manufacturing in Anderson, Indiana, Altairnano is a leading provider of energy storage systems for clean, efficient power and energy management. Going beyond lithium ion, Altairnano's Lithium-Titanate based battery systems are among the highest performing and most scalable, with applications that include battery cells for military artillery, battery packs for hybrid vehicles and energy storage systems for large-scale stationary power services. For more information please visit Altairnano at www.altairnano.com.

Amperex Technologies Limited, a premier energy solution provider for mobile devices, is a recognized leader supplying lithium-ion polymer batteries to name-brand companies worldwide. ATL, headquartered in Hong Kong, has manufacturing facilities in China.

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Altair Nanotechnologies. (2019, February 14). Altair Nanotechnologies Announces Joint Development Agreement to Accelerate Commercialization of Lithium-Titanate Battery Cells. AZoNano. Retrieved on March 05, 2024 from https://www.azonano.com/news.aspx?newsID=11549.

  • MLA

    Altair Nanotechnologies. "Altair Nanotechnologies Announces Joint Development Agreement to Accelerate Commercialization of Lithium-Titanate Battery Cells". AZoNano. 05 March 2024. <https://www.azonano.com/news.aspx?newsID=11549>.

  • Chicago

    Altair Nanotechnologies. "Altair Nanotechnologies Announces Joint Development Agreement to Accelerate Commercialization of Lithium-Titanate Battery Cells". AZoNano. https://www.azonano.com/news.aspx?newsID=11549. (accessed March 05, 2024).

  • Harvard

    Altair Nanotechnologies. 2019. Altair Nanotechnologies Announces Joint Development Agreement to Accelerate Commercialization of Lithium-Titanate Battery Cells. AZoNano, viewed 05 March 2024, https://www.azonano.com/news.aspx?newsID=11549.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit
Azthena logo

AZoM.com powered by Azthena AI

Your AI Assistant finding answers from trusted AZoM content

Your AI Powered Scientific Assistant

Hi, I'm Azthena, you can trust me to find commercial scientific answers from AZoNetwork.com.

A few things you need to know before we start. Please read and accept to continue.

  • Use of “Azthena” is subject to the terms and conditions of use as set out by OpenAI.
  • Content provided on any AZoNetwork sites are subject to the site Terms & Conditions and Privacy Policy.
  • Large Language Models can make mistakes. Consider checking important information.

Great. Ask your question.

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.