Altairnano Transfers Interest in AlSher Titania Joint Venture to Sherwin-Williams

- May 3rd, 2010

Altair Nanotechnologies, Inc. (Altairnano) (NASDAQ: ALTI),reported the signing of a Definitive Agreement with The Sherwin-Williams Company that provides for the transfer of Altairnano’s 70% share in the AlSher Titania Joint Venture to Sherwin-Williams, who will now own 100% of AlSher Titania.

Altair Nanotechnologies, Inc. (Altairnano) (NASDAQ: ALTI),reported the signing of a Definitive Agreement with The Sherwin-Williams Company that provides for the transfer of Altairnano’s 70% share in the AlSher Titania Joint Venture to Sherwin-Williams, who will now own 100% of AlSher Titania.

The press release is quoted as saying:

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 complete energy storage systems for use in providing frequency regulation and renewables integration for the electric grid, battery modules and cells for mass transit applications, and battery packs for several different military applications.

Click here to access the entire press release

Click here to access Altair Nanotechnologies Corporate Site

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