DALLAS, July 27, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces a stock report featuring Altair Nanotechnologies Inc. (Nasdaq:ALTI). The report briefly notes the company's most recent developments and news, and outlines its financial position, market performance, and comparison against industry peers.
The full report is available at: www.microstockprofit.com/lp/ALTI
Altair Nanotechnologies Inc. (ALTI) provides energy storage systems for clean, efficient power and energy management. Its nano lithium-ion titanate-based solutions are among the highest performing and most scalable, with applications that include complete energy storage systems for frequency regulation and renewable integration for the electric grid, and battery modules and cells for transportation and industrial applications. ALTI's main focus is marketing its large-scale energy storage solutions to power companies and electric grid operators throughout the world. In addition, the Company markets its batteries to electric and hybrid-electric bus manufacturers, and began expanding in 2010 into new industrial markets.
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In the report, the analyst notes:
"ALTI recently announced the closing of a share subscription agreement with Canon Investment Holdings Ltd., which is the holding company of high-capacity and high-power lithium battery products manufacturer Yintong Energy Co. Ltd."
"ALTI posted revenues of $2.6 million for the first quarter of 2011, an increase of 114% from $1.4 million in the first quarter of 2010. The Company said the results would have been even better had it not been for customer caused delays in first-quarter shipments of lithium titanate to Zhuhai YinTong Energy (YTE) and of battery modules to Proterra, its largest customer in the transportation market."
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