Altairnano and Sherwin-Williams form joint venture

Apr. 26, 2007 — Altair Nanotechnologies Inc. has formed a new company, called AlSher Titania, in a joint venture with The Sherwin-Williams Company, one of the world’s leading manufacturers of paint and durable coatings.

AlSher Titania will combine the Altairnano Hydrochloride Pigment (AHP) process and the Sherwin-Williams Hychlor Pigment (SWHP) process and other technologies to develop and produce high-quality titanium dioxide pigment for use in paint and coatings, and nano titanium dioxide materials for use in a variety of applications including those related to removing contaminants from air and water.

The new AlSher Titania pigment process is designed to produce titanium dioxide pigment at a significantly lower price point — both in terms of capital outlay and operating costs — as compared to sulfate and chloride-based technologies currently in use. Equally important is the improved environmental acceptability of the new materials and their production processes, as compared to current technologies.

White titanium dioxide pigment is mainly used in the production of paints, plastics, and paper and the total world market is valued at approximately $9 billion US, with a projected annual growth rate of approximately three percent.

AlSher Titania, LLC will be based, initially, in Reno, NV. The pilot demonstration of the AlSher process is scheduled for 2007 with further scale-up and capacity expansions planned for 2008 and thereafter.

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