SOURCE: Altair Nanotechnologies, Inc.

Altair Nanotechnologies, Inc.

September 18, 2009 17:39 ET

Altair Nanotechnologies Files Shelf Registration

RENO, NV--(Marketwire - September 18, 2009) - Altair Nanotechnologies, Inc. (Altairnano) (NASDAQ: ALTI), a provider of energy storage systems for clean, efficient power and energy management, today announced that it has filed a shelf registration statement with the Securities and Exchange Commission (SEC). Upon being declared effective by the SEC, the shelf registration would allow the company to offer and sell up to $150 million of its common stock, warrants to purchase common stock and units comprised of common stock and warrants from time to time over a three year time period. The terms of any such future offerings would be established at the time of the offering.

"We are filing this shelf registration now in order to allow time for the SEC review and approval process, as we look toward executing on our future growth plans," said Terry Copeland, President and CEO of Altairnano. "We don't anticipate an immediate need to access the capital markets, but want to have the flexibility to invest in growing our manufacturing capabilities, so that we can quickly respond to potential customer demand for our energy storage systems and other products in 2010 and beyond."

The registration statement filed today with the SEC has not yet become effective. The securities subject to the registration statement may not be sold, and no offers to buy the securities may be accepted, prior to the time the registration statement becomes effective. This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities. Copies of the prospectus included in the registration statement may be obtained from www.sec.gov or by contacting Altair Nanotechnologies, Inc., Attn: Investor Relations, 204 Edison Way, Reno, NV 89502.

About Altair Nanotechnologies, Inc.

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.

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 plans, results and performance in future periods to be materially different from any plans, future results or performance suggested by the forward-looking statements in this release. These risks and uncertainties include, without limitation, the risks that customer orders and future capital requirements may affect the timing of future common stock offerings; that any products developed will not perform as expected in future testing or real-world applications; and that even if full commercialization occurs, product sales may be limited and costs associated with production may exceed revenues. In addition, other risks are identified in the company's most recent Annual Report on Form 10-K and Form 10-Q, 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

  • For Additional Information:

    Institutional Investors:
    Brion D. Tanous
    CleanTech IR, Inc.
    310-541-6824
    Email Contact

    Individual Investors:
    Marty Tullio
    McCloud Communications, LLC
    949.553.9748
    Email Contact

    Media Relations:
    Jeff Brunings
    Director, Strategic Marketing
    Altair Nanotechnologies, Inc.
    775.856.2500
    Email Contact