Altair Signs Agreement with Agilent Technologies
CODY, Wyo., March 13 /PRNewswire/ -- Altair International Inc. (Nasdaq: ALTI) today announced that its wholly owned subsidiary, Altair Technologies, Inc. (www.altairtechnologies.com) has entered into a confidential disclosure agreement with Agilent Technologies Inc. (NYSE: A). Information regarding the nature of the agreement and work to be done under the agreement is restricted.
Dr. William P. Long, president of Altair International, commented that, "It is gratifying that the Altair team is able to be of help to such an outstanding research group. We are very pleased that our unique capabilities in nanotechnology are becoming recognized after just a little more than a year of involvement in this field."
Altair International owns a proprietary technology for making nanocrystalline materials of unique quality, economically in large quantities. The company is currently developing special nanomaterials with potential applications in fuel cells, hard coatings, catalysts, cosmetics, paints, batteries, semi-conductors, telecommunications and environmental remediation. The technology may also be used to make paint pigment at a cost forecast to be substantially lower than commercial technologies employed today. Altair holds mineral leases on a "world class" titanium mineral sand deposit in Tennessee and is in the process of constructing a pilot plant at that site. The company's other principle asset is the Altair Centrifugal Jig, an environmentally friendly breakthrough technology for mining, coal treatment and environmental remediation.
This press release may be deemed to contain certain forward-looking statements with respect to Altair that are subject to risks and uncertainties that include, but are not limited to, Altair's ability to obtain necessary capital, performance and reliability of technology, market acceptance of products using Altair technology, variance in anticipated production costs and unanticipated effects of regulatory requirements related to the technology, as well as those identified in the Company's press releases or discussed from time to time in the Company's Securities and Exchange Commission filings. Actual results may vary materially.
For more information contact: William P. Long, President of Altair International Inc., PH: (307) 587-8245; or Paul Savageau of Savageau & Associates, PH: (303) 756-8045.
News releases and other information on Altair can be accessed at no charge at Altair's website www.altairint.com
For technical information on Altair's nanoparticle operations visit our business-to-business informational website www.altairtechnologies.com
SOURCE Altair International Inc.
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