RENO, NV and INDIANAPOLIS, IN--(Marketwire - Sep 20, 2012) - Altair Nanotechnologies Inc. (NASDAQ: ALTI) and EnerDel, Inc., two leading providers of energy storage solutions, today announced that they have signed a strategic memorandum-of-understanding (MOU) to co-market and cross-sell each others' product portfolios. Each company will now be able to offer a much broader line of lithium-ion-based energy storage systems (ESS) from individual cells and modules to complete systems that offer multiple chemistries and technologies to meet the needs of their respective customers.
"Collaborating with EnerDel recognizes the value of our complementary battery technologies and market strengths to create better solutions for our customers," said Alexander Lee, CEO, Altair Nanotechnologies. "Electric grid customers are interested in combining high power and high energy battery systems to solve the challenges of renewable integration and ancillary services. This MOU allows each company to expand its market presence while creating real value for our customers."
"Altair Nanotechnologies has developed an impressive high-power, lithium-titanate product solution that complements our standard product line," stated EnerDel CEO David Roberts. "We're pleased to be able to offer their products to our customers, which will be particularly useful in hybrid systems.
there is more ... perhaps this is the combination of power and energy storage that alti was talking about. tactless
SAME PONZI SPIN NEWS........................DO NOT TOUCH THIS STOCK STAY AWAY
"GE's (NYS: GE) Energy Storage business announced today $63 million in new Durathon battery orders since the business launched in July. In its first weeks of operation, the business secured 10 new telecom customer orders across several regions, including Africa, Asia, India and the U.S. - powering a total of more than 3,500 cell towers. The breakthrough battery provides reliable and cost-effective energy storage options for a broad range of global customers and is being produced at GE's advanced manufacturing factory here."