Proterra "Bus of Tomorrow" Showcased in Altairnano Demonstration
Anderson, Ind.-Produced Altairnano Battery Pack Provides
Zero-Emission Solution for Proterra EV Bus
ANDERSON, IN -- (Marketwired) -- 05/08/13 -- Today, Altair
Nanotechnologies Inc. (Altairnano) (NASDAQ: ALTI), a lithium-titanate
battery systems manufacturer, hosted its client Proterra Inc, a
manufacturer of clean commercial transportation solutions, for a
demonstration at its Anderson, Ind., facility.
Proterra showcased its EcoRide(TM) EV bus -- called the "bus of
tomorrow" by U.S. Transportation Secretary Ray LaHood -- and provided
test rides to event guests.
"It's thrilling to see the success of our collaboration with Proterra
in action," said Michael Canada, vice president and general manager
of U.S. operations for Altairnano. "This demonstration allowed public
officials, local economic development decision makers and transit
thought leaders a chance to see one of the most exciting emerging
Indiana energy storage projects in action."
Most battery technologies require a bus to charge slowly for several
hours. This means transit providers need extra reserve buses in the
system that aren't in service, adding costs. In addition, most
rechargeable batteries add considerable weight and bulk to a bus,
reducing passenger load capacity.
Altairnano's fast-charge capability omits the need for extra buses
charging; operating shuttles can charge at a scheduled stop along the
bus route in less than 10 minutes. This technology will allow more
communities to offer clean, quiet rides to passengers, using a
zero-emission solution that is a viable one-for-one replacement for
conventional diesel-powered buses.
"Altairnano's fast-charge capability is an important part of what
makes the Proterra bus such an innovative green solution for our
country," shared Dale Hill, founder of Proterra. "The bus can run a
two-and-a-half-hour bus route after a single five- to 10-minute rapid
charge, and the batteries have an expected lifespan that would
require only one battery replacement during the 12 year expected life
of a transit bus. Altairnano's solution is the best we have found in
the industry for fast charging of buses."
For more information on Altairnano's other advanced energy storage
solutions, please visit www.altairnano.com.
About Altairnano, Inc.
Altairnano 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. Altairnano is
headquartered in Reno, Nev., and maintains operations in Anderson,
Ind.; Zhuhai, China; and Wu'an, China. For additional information,
please visit www.altairnano.com.
With manufacturing in Greenville, S.C., Proterra is a
leader in the clean technology and clean energy space, designing and
manufacturing heavy-duty electric drive systems, energy storage
systems, vehicle control systems, transit buses and fast-charging
stations. Proterra's systems are scalable to commercial buses of all
sizes. Its ground-up designs have led to the EcoRide, the world's
first full-size, 10-minute charge battery-electric transit bus. In
2011, Proterra's EcoRide became the first heavy-duty electric transit
bus ever to complete challenging federally required durability and
reliability testing at the Bus Research and Testing Center in
Altoona, Pennsylvania, demonstrating best in class energy efficiency
and noise levels. For more information on Proterra and its
technology, please visit: www.proterra.com.
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