Deshalb



Endlich mal etwas Handfestes und das vom CEO selbst
April 2010 - Letter from the President
Dear Stakeholders,
I would like to make you aware of several notable events that
occurred during the first quarter of 2010. These events include
completion of a study designed to assess the health effects of
exposure to our lithium titanate and attending a demonstration of
the Proterra zero-emission electric bus at our Reno
headquarters.
Safety Study – Lithium titanate
Altairnano, a provider of energy storage systems for clean,
efficient power and energy management, is nearing completion of a
study of toxicity in connection with our Lithium titanate ("LTO").
LTO, which is manufactured at our Reno, Nevada facility, is a key
building block of the lithium-ion based battery cells used in
Altairnano's energy storage systems, mass transit and military
battery products. The study was performed under a Cooperative
Research and Development Agreement, known as the CRADA study, with
the U.S. Environmental Protection Agency ("EPA") with the objective
to complete a full assessment of the toxicity of various exposures
to our manufactured LTO. The study was undertaken over a period of
12 months with significant testing completed by the end of March
2010 and a full report anticipated for May of this year.
The health and safety of workers on the manufacturing floor is of
primary importance to Altairnano. As part of our comprehensive
Employee Health and Safety Program, minimal exposure of workers to
particulate materials through use of personal protective equipment
and effective engineering controls is designed into the LTO
manufacturing process. Since the study of toxicity in connection
with nano-sized materials is a relatively new scientific focus with
only a limited number of studies completed to date, Altairnano felt
it was important to conduct this study in order to understand any
potential risks to employee safety and underscore our commitment to
manufacturing clean, environmentally safe products.
Generally speaking, foreign particulate materials of any kind such
as dust, smoke, diesel exhaust, etc. are well-known to have effects
on human lung function. The degree of irritation noted in throat
and lung tissues varies widely, however, depending upon the
specific material tested. In this study, LTO-exposed lung tissues
of laboratory animals were examined and compared to identically
treated saline-exposed and silica-exposed tissues. In both cases,
the impacts of saline and silica are known and act as a comparative
positive control. The laboratory testing was controlled and
performed by the EPA and a qualified third-party consultant was
engaged by Altairnano to examine and assess the test results.
Pathology scores generated for LTO-exposed throat and lung tissues
were consistently low, which indicates that LTO acts as a mildly
irritative stimulant. There was no noted damage to the delicate
lung tissues, and no dramatic immune presence to indicate bacterial
or viral infection was observed. Altairnano is very pleased with
the positive results of the study and the reassurance it provides
regarding the safety of our LTO.
Proterra Bus Demonstration
On Friday, March 19th, with great anticipation, the staff at the
Reno headquarters had the opportunity to view and ride aboard the
Proterra zero-emission electric bus that was welcomed on Capital
Hill in October of 2009. The thirty-five foot all-electric transit
bus has been designed from the ground up and combines Proterra's
light-weight composite body, highly efficient ProDriveTM, advanced
TerraVoltTM energy storage system (powered by Altairnano batteries)
and on-route rooftop FastChargingTM station to charge the batteries
in 5-10 minutes. The well thought out design results in less weight
than gas powered buses in operation today, more seating (up to 68
passengers), a smooth ride, longer overall anticipated operating
life, that works in concert with the quick charge capability of the
Altairnano batteries incorporated. After an introduction led by
Proterra marketing staff, the Altairnano staff was treated to a
demonstration drive. The reactions to the clean, quite ride,
maneuverability, and nearly instantaneous power were shared among
the group with such words as "incredible", "an amazing engineering
feat", and "revolutionary". Select pictures taken at the event are
included below.
We are happy that Proterra took the time to stop by, are excited to
support their electric bus product development efforts and look
forward to their implementation on a commercial basis. As you may
be aware they will be building a plant in Greenville, South
Carolina, with a capacity of 1500 buses per year. They expect to
start production at that facility early in 2011.
Sincerely,
Terry Copeland
President & CEO
Altair Nanotechnologies, Inc.