Altair Nanotechnologies receives $540,000 order for hybrid electric vehicle battery packs

October 17, 2008 Altair Nanotechnologies Inc., a provider of advanced nanomaterials and products for power and energy systems, has received an initial $540,000 order for four hybrid electric vehicle (HEV) demonstration battery packs from DesignLine International. The HEV battery packs will be utilized in buses for three city transit customers, and one HEV battery pack will be used for a modular testing program.

“This key, initial milestone in our HEV commercialization strategy leverages the distinctive value our technology can bring to the mass transit sector,” said Terry Copeland, Altair’s CEO, in a statement. “With the completion of a successful demonstration program, we can anticipate an initial ramp-up of orders from DesignLine in 2009. We are aggressively pursuing similar opportunities in the mass transit sector and fully expect to have more customer wins with our enabling technology.”

Altair will provide DesignLine International with 11Ah cells, which will be assembled into four 44kWh demonstration battery packs. Altair will configure the cells into modules and then integrate a battery management system supplied by DesignLine International. During the assembly process Altair will train DesignLine’s personnel, preparing them to perform future modular assembly without Altair’s assistance.

“The Altair lithium titanate cell technology in our proprietary battery design is particularly well suited for the DesignLine EcoSaver IV Hybrid System allowing the delivery of a superior performing product to our mass transit customers,” stated Brad Glosson, DesignLine International’s CEO. “The selection of Altair battery cells for the company’s hybrid demonstration buses was based on meeting four key criteria: the high energy capturing efficiency of the cells; its energy density to weight capability; the cell’s ability to rapidly charge and discharge in temperatures ranging from -40°C to +55°C; and a long cycle life that complements our technically advanced vehicle platform.”

DesignLine targets the mass transit sector with buses constructed with advanced, extruded aluminum technology for superior strength and reduced weight. The company employs a component manufacturing strategy and a manufacturing process that has been refined to approximate automotive tolerances. The HEV bus operates in an electric-only mode for as much as 30% of its range and provides a 100% improvement in fuel economy over a diesel bus, with fuel savings of up to 6000 gallons/year.

First color carbon nanotube-based electrophoretic display.


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