ALCOA AFL AUTOMOTIVE AND ALTAIR NANOTECHNOLOGIES TO JOINTLY DEVELOP HIGH PERFORMANCE BATTERY PACK SYSTEM

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ALCOA AFL AUTOMOTIVE AND ALTAIR NANOTECHNOLOGIES TO JOINTLY DEVELOP HIGH PERFORMANCE BATTERY PACK SYSTEM
21 February 2007 - Alcoa

Alcoa's AFL Automotive business and Altair Nanotechnologies Inc. (Altairnano) announced today that they have signed an agreement to develop a battery pack system for medium-duty hybrid trucks.

The collaboration brings together Altairnano's innovative nano-titanate battery technology and AFL Automotive's expertise in vehicle electrical distribution systems, power management electronics and its substantial presence as a world renowned supplier to the automotive market. Alcoa is also a major supplier of light-weight, high-strength aluminum components to the automotive industry that improve performance while increasing fuel efficiency.

The agreement provides for the delivery of an integrated battery pack system for the medium-duty hybrid truck market using Altairnano's NanoSafe(TM) battery technology and AFL Automotive's electrical interconnect and application technology to integrate the battery pack system into the vehicle's electrical architecture.

"This presents a new business opportunity for AFL Automotive as we pursue adding power storage to the overall advanced power management system that we currently supply the automotive industry," said Allen Zwierzchowski, President, Worldwide Components Alcoa AFL Automotive.

"This new collaboration provides Altairnano with the opportunity to expand the market for our novel battery technology. It furthers demonstrates the technology potential of our NanoSafe(TM) nano-titanate batteries," said Altairnano President and CEO Alan J. Gotcher Ph.D.

http://www.alcoa.com

About: Alcoa
Alcoa is a leading producer of primary aluminium, fabricated aluminium and alumina and is active in all major aspects of the industry. It serves the aerospace, automotive, packaging, building and construction, commercial transportation and industrial markets, bringing design, engineering, production, and other capabilities of Alcoa's businesses as a single solution to customers. The company has 120 000 employees in 41 countries.

In addition to aluminium products and components, Alcoa also makes and markets consumer brands including Reynolds Wrap, Alcoa wheels, and Baco household wraps. Among its other businesses are vinyl siding, closures, fastening systems, precision castings, and electrical distribution systems for cars and trucks.

Alcoa makes a very sustainable product: almost 70% of the aluminium ever produced is still in use, equalling 480 million tonnes of a total 690 million tonnes manufactured since 1886.

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  • For February 2007
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