Altair Developments

Impro, Inc. of Seoul, Korea, has entered into an agreement with Altair Nanotechnologies Inc. of Reno, Nevada, to be Altairnano’s exclusive agent in Korea. Impro will engage in the sales and marketing of the company’s nano-structured battery electrode materials and rechargeable, high-power lithium-ion battery systems to the Korean lithium-ion battery and automotive industries.

In other news, Altair and Electro Energy Inc. of Danbury, Connecticut, have singed a four-year joint agreement for the design, manufacture, and marketing of high power lithium-ion batteries and battery systems. The companies will jointly develop a new generation of rechargeable batteries based on Altairnano’s nano-structured electrode materials and Electro Energy’s bipolar cell design. Initial markets are portable devices.

Altair also has entered into a two-year joint agreement with Boshart Engineering of Ontario, California, to design and engineer a full-speed electric vehicle to be powered by an Altairnano rechargeable advanced lithium-ion battery system. The project will include long distance drives at conventional highway speeds, testing the EV’s endurance in high altitudes and extreme weather conditions. Road testing is expected to begin by the fourth quarter of this year.