Altair Nanotechnologies Names Paula Conroy CFO
RENO, NV -- (Marketwired) -- 10/03/13 -- Altair Nanotechnologies,
Inc. ("Altair") (NASDAQ: ALTI) today announced the appointment of
Paula Conroy as the company's Chief Financial Officer.
"We are pleased to welcome Paula to the Altairnano team," said Mr.
Richard W. Lee, Altair Nanotechnologies' Chief Executive Officer.
"Paula brings a wealth of experience and a proven track record in
finance, capital allocation and business expansion. I'm confident
that Paula will be a valuable member of the management team and will
contribute significantly to our commercialization activities, as well
as to our manufacturing expansion in China."
Ms. Conroy joins Altairnano from Blue Bar Consulting, LLC, a
consulting firm providing senior financial consulting and CFO
services to small and medium size companies. Prior to her tenure at
Blue Bar Consulting, Ms. Conroy held several CFO positions spanning
both public and private entities. Ms. Conroy spent nearly 20 years
with Ernst & Young LLP where she focused in three primary areas. Ms.
Conroy headed the firm's employee benefit plans audit division. She
also served as a mergers & acquisitions due diligence analyst
assisting both private equity and corporate buyers. For the first 12
years of her career at Ernst & Young, Ms. Conroy specialized in
auditing and financial consulting for a variety of companies
concentrated primarily in the transportation, manufacturing, and
financial services industries. She has experience assisting both
public and private companies including experience with SEC reporting
Ms. Conroy is a Certified Public Accountant. She attended Purdue
University earning a Bachelor of Science in General Management and a
Master in Business Administration. In addition, Ms. Conroy has
lectured at Purdue University for the past two academic years.
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
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 our revenue will not increase for various reasons,
including our failure to close on expected orders; that our land use
rights may be worth significantly less than the appraised or recorded
value, particularly in light of the risk of forfeiture and the
requirement that we make a substantial investment related to the
property prior to pledging or selling the land use rights; that the
Company will run into regulatory, finance or other obstacles as it
attempts to expand its operations into China or other countries; that
the company will be unable to close sales due to its pricing; the
characteristics of its products, competing energy storage systems or
alternatives to energy storage systems; that the Company will be
unable to expand production capacity (or contract with its suppliers
to expand their capacity) in order to meet the demand of product
orders, particularly with respect to products like electric vehicles
which the Company does not itself manufacture and will have to source
from third parties; 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 and
generally. 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:
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