SOURCE: Altair Nanotechnologies

May 19, 2006 09:35 ET

Altair Nanotechnologies Common Stock a Component in the Newly Launched NASDAQ Clean Edge U.S. Index

RENO, NV -- (MARKET WIRE) -- May 19, 2006 -- Altair Nanotechnologies Inc. (NASDAQ: ALTI) today announced that its common stock was selected for inclusion in the NASDAQ® Clean Edge® U.S. Index. The Index is designed to track the performance of clean-energy companies that are publicly traded in the U.S. and includes companies engaged in the manufacturing, development, distribution and installation of emerging clean-energy technologies, including advanced batteries.

"More than ever, investors are turning their sights to companies capable of providing clean alternative energy products for combating the world's growing energy crises," said Altair Chief Executive Officer and President, Alan J. Gotcher, Ph.D. "We are pleased to have been selected as a component of the new Index which monitors the performance of clean-energy companies in five sub-sectors: Renewable Electricity Generation, Renewable Fuels, Energy Storage and Conversion, Energy Intelligence, and Advanced Energy-Related Materials."

Altairnano's common stock, ALTI, was selected for inclusion in the PowerShares Lux Nanotech Portfolio, which is being traded as an exchange traded fund (ETF) on the American Stock Exchange under the symbol PXN. In addition to inclusion into the ETF, Altairnano has been selected to participate in a number of nanotechnology indexes including the Merrill Lynch Nanotech listed on the American Stock Exchange Index under the symbol NNZ, the Lux Nanotech Index, the Punk Ziegel Nanotech Index, the Innovest Strategic Value Advisors Nanotech Index, and the Global Crown Capital Nanotechnology Index.

ABOUT ALTAIR NANOTECHNOLOGIES INC.

Altairnano is an innovator and supplier of advanced ceramic nanomaterials. With a skilled team of scientists in its 100,000 square foot facility who, coupled in collaborative ventures with industry partners and leading academic centers, have developed a unique portfolio of intellectual property and novel products. These researchers are complemented by a seasoned management team with substantial experience in commercializing innovative, disruptive technologies.

Altairnano focuses on nanotechnology applications to enable new potentially high-growth markets. In alternative energy, Altairnano is pioneering new battery materials and systems. The company is applying nanotechnology to the development of drug candidates for humans and companion animals, coatings materials for implants, and materials for dental applications. Its high performance nanomaterials have applications in paints, coatings, and the treatment of water and air. The Altairnano Hydrochloride Pigment process, the first new patented pigment process in 50 years, is an environmentally friendly method for manufacturing white pigment used in paints, paper and plastic. For additional information, visit http://www.altairnano.com.

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 results and performance in future periods to be materially different from any future results or performance suggested by the forward-looking statements in this release. These risks and uncertainties are 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.

Contact Information

  • Contacts:

    Institutional Investors:
    Altair Nanotechnologies, Inc.
    Robert Pedraza
    VP Strategy and Business Development
    775.858.3702
    Email Contact

    Retail and Individual Investors:
    McCloud Communications, LLC
    Marty Tullio or Mark Tullio
    Managing Members
    959.553.9748
    Email Contact
    Email Contact