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This press release was originally distributed via the eWire press wire service (2002–2016). It is preserved here as a historical record.
Altair and University of Nevada Developing Materials for removal of Arsenic from Drinking Water
ARCHIVED 2002–2016: Originally distributed via the eWire press wire service. Preserved as historical record.
Altair and University of Nevada Developing Materials for removal of Arsenic from Drinking Water
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FOR IMMEDIATE RELEASE
Altair and University of Nevada Developing Materials for removal of Arsenic from Drinking Water
RENO, NEVADA, Jun. 28 -/E-Wire/-- Altair International Inc., d/b/a/ Altair Nanotechnologies (NASDAQ:ALTI) today announced that it has entered into an agreement with the University of Nevada, Reno to prepare advanced drinking water purification materials. These materials will be made using Altair's patented nano-particle technology in combination with university patents for removal of arsenic and selenium from drinking water. The demand for methods for removal of arsenic and other heavy metals has been significantly increased because of recent Bush administration and Environmental Protection Agency initiatives that greatly reduced the allowable arsenic content of drinking water.
Altair has filed patents for its technology to make durable porous crystalline catalyst support structures from titanium dioxide nanoparticles (TiO2), and has also filed for patents to incorporate additives on the surface of such materials with chemical modifiers. The university has obtained patents on the use of lanthanum compounds for removing arsenic from drinking water. Combining the two technologies is expected to provide a high surface area of reactive material on a chemically and mechanically stable substrate that also allows high rates of water flow and water purification.
"Arsenic content in drinking water is a significant problem worldwide and in most of the western United States, particularly in many Nevada communities," said Dr. Richard A. Bjur, director of the University of Nevada's Office of Technology Liaison. " One of the objectives of the university is to bring technologies to commercialization, especially if the technology will help address a Nevada problem. We are pleased to work with Altair in this capacity."
Dr. Rudi E. Moerck, president of Altair Nanotechnologies, commented, "The initial work done by our environmental applications group is providing promising results. Success can translate to
ALTAIR NANOTECHNOLOGIES TO DEVELOP WATER PURIFICATION MATERIALS FOR THE UNIVERSITY OF NEVADA
commercialization to meet the new, more stringent, Federal requirements. The Altair laboratories and production facilities are located in Reno, Nevada, and we are pleased to note that Altair has had a long-term successful relationship with the University of Nevada."
ALTAIR NANOTECHNOLOGIES, INC. Nanotechnology is rapidly emerging as a unique industry sector. Altair Nanotechnologies is positioning itself through product innovation within this emerging industry to become a leading supplier of nanomaterials and technology worldwide. Altair owns a proprietary technology for making nanocrystalline materials of unique quality both economically and in large quantities. The company is currently developing special nanomaterials with potential applications in pharmaceuticals, batteries, fuel cells, solar cells, advanced energy storage devices, thermal spray coatings, catalysts, cosmetics, paints and environmental remediation. For additional information on Altair's nanoparticle materials, visit www.altairtechnologies.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 include, without limitation, the possibilities that the Company may be unable to attract additional customers, funded research opportunities, product development opportunities or ventures through its sales and branding campaign, that the Company may never earn sufficient revenues to be profitable and that the Company's nanoparticle products may not be integrated into any major market groups and products, in addition to other risks 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.
Altair International Inc
Marty Tullio, Tracy LaFollette,
Investor Relations, Altair Nanotechnologies,
[REDACTED-PHONE], [REDACTED-PHONE],
[REDACTED-EMAIL]
http://http://www.altairtechnologies.com
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