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Altair Nanotechnologies Inc. Regains Compliance With NASDAQ

Altair Nanotechnologies Inc. Regains Compliance With NASDAQ Minimum
Bid Price Requirements 
RENO, NV -- (Marketwire) -- 01/09/13 --  Altair Nanotechnologies Inc.
(NASDAQ: ALTI) today announced it has regained compliance with the
minimum bid price requirement of NASDAQ Listing Rule 5550(a)(2) (the
"Rule"). On Jan. 3, 2013, Altair received a letter from The NASDAQ
Stock Market confirming that the closing bid price of the company's
common stock has been at $1.00 per share or greater for at least 10
consecutive business days.  
On Jan. 6, 2012, Altair received notification from The NASDAQ Stock
Market indicating the company was not in compliance with the $1.00
minimum bid price requirement for continued listing on the NASDAQ
Capital Market, as set forth in the Rule. On July 6, 2012, the
Company was granted an additional 180 days to regain compliance with
the Rule, which was scheduled to expire on Jan. 2, 2013. As a result
of satisfying the minimum bid price requirement, this matter is now
closed. 
About Altair Nanotechnologies Inc.
 Altair is a leading provider of
high-power, energy storage systems for the electric grid, industrial
equipment and transportation markets. The company's lithium titanate
technology is built on a proprietary nano-scale processing technology
that creates high-power, rapid-charging battery systems with
industry-leading performance and cycle life. Altair is headquartered
in Reno, Nevada and maintains operations in Anderson, Indiana;
Zhuhai, China; and Wu'an, China. For additional information, please
visit: www.altairnano.com. 
Forward-Looking Statements 
 This report may contain forward-looking
statements as well as historical information. Forward-looking
statements, which are included in accordance with the "safe harbor"
provisions of the Private Securities Litigation Reform Act of 1995,
may involve risks, uncertainties and other factors that may cause
Altair's actual results and performance in future periods to be
materially different from any future results or performance suggested
by the forward-looking statements in this report. These risks include
the risk that the government entities with which the Company has
contracted will be unable to fulfill their commitment due to legal
limitations, including certain procedures required in connection with
land use grants and major product purchases; that the government
entities will not fulfill their commitments for political or other
discretionary reasons, in which case the Company will have no, or
limited, remedies; that the Company will run into regulatory, finance
or other obstacles as it attempts to expand its operations into
China; that the Company interest may be harmed by the absence from
the Agreement of terms and conditions that are customary in contracts
under U.S. law; that the Company will be unable to expand capacity
(or contract with third parties) in order to meet the demand of
product orders, particularly products like electric vehicles which
the Company does not itself manufacture; that the Company will not
experience expected costs savings as a result of its expansion into
China and that the Company will not experience an increase in sales
volume or, even if it experiences such an increase, that the Company
will experience low (or negative) gross margins and not operate
profitably in China. Other risks are identified in Altair's most
recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q
filed with the SEC. Such forward-looking statements speak only as of
the date of this release. Altair expressly disclaims any obligation
to update or revise any forward-looking statements found herein to
reflect any changes in Altair expectations or results or any change
in events. 
For Additional Information:  
Investors
Tony Luo
tluo@altairnano.com
775.858.3726