Altairnano Exhibits Freeway-Ready, All-Electric Sport Utility Vehicle at Southern California Clean Vehicle Technology Expo

ONTARIO, Calif.--Altair Nanotechnologies Inc. with its partners, Phoenix Motorcars and Boshart Engineering, exhibited its freeway-ready, all-electric sport utility vehicle (SUV) at the Southern California Clean Vehicle Technology Expo, held last week at the Ontario Convention Center in Ontario, California. In addition, Phoenix Motorcars exhibited its all-electric sport utility truck.

Powered entirely by Altairnano NanoSafe™ batteries, which charge in minutes and have a life span of 15-plus years, both vehicles are able to attain road speeds of 95 miles per hour (and zero to 60 mph in less than 10 seconds), with a travel range of 110+ miles.

“The Southern California Clean Vehicle Technology Expo represents a great opportunity for Phoenix to show fleet operators, particularly those in the public utility space, what our electric vehicles looks like in action,” said Phoenix Motorcars Chairman Dan Riegert. “The reactions we’re getting so far from fleet operators, as well as representatives of federal and state-level environmental agencies are very positive.”

“Today, perhaps more than ever before, there’s tremendous interest in the road performance, recharge capability and overall safety characteristics of electric vehicles powered by Altairnano’s NanoSafe batteries,” said Altairnano President and CEO Alan J. Gotcher Ph.D.

Boshart President Ken Boshart praised the three-way partnership between Altairnano, Phoenix and Boshart Engineering that has resulted in the development of both vehicles. “Altairnano-powered, Boshart-engineered and integrated, and Phoenix manufactured, these freeway-ready, all-electric vehicles are a powerful example of what happens when you combine the right technology, with the right providers, at the right time.”

ABOUT ALTAIR NANOTECHNOLOGIES INC.

Based in Reno, Nevada, Altairnano is an innovator and supplier of advanced novel, ceramic nanomaterials. Altairnano’s leading edge scientists are complemented by a seasoned management team with substantial experience in commercializing innovative, disruptive technologies. The company has developed nanomaterials for the alternative energy, life sciences and performance materials markets based on its proprietary manufacturing process. This process also provides the foundation for its innovative AHP pigment process. In alternative energy Altairnano has disruptive battery technology delivering minute-charge, high power, long life, ultra-wide operating temperature range and inherently safe performance in its NanoSafe™ batteries. For more information visit 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 include the risk that the volume production of the electric SUV will not proceed as anticipated because of technical issues, failure of anticipated orders to occur, failure of Phoenix or Boshart to continue with the project or other factors and that electric SUV’s using Altair’s NanoSafe rechargeable batteries may not exhibit the same performance characteristics in actual applications as they have in tests because of varying weather conditions, different than projected driving patterns, absence of sufficient transformer capacity for rapid recharge and other issues. In addition, other risks 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.