Altair, Sulzer Metco ink agreement

Mar. 31, 2006 – Altair Nanotechnologies Inc. (NASDAQ: ALTI) announced that it has entered into a supply and distribution agreement with Sulzer Metco, a designer, manufacturer and supplier of thermal spray materials, equipment and integrated system solutions for the industrial market. Sulzer Metco is the second largest division of Sulzer, a publicly traded Swiss company.

Under the agreement, Altairnano and Sulzer Metco have agreed upon a framework to supply and sell nano-structured titanium dioxide and nanostructured yttria stabilized zirconium oxide.

The parties will determine which Altair nanostructured powders will be manufactured and licensed for thermal spray applications and develop a five-year marketing and distribution plan outlining projected purchase quantities, pricing, and marketing plans for the product.

Once an Altairnano nano-structured powder is designated to be supplied under the agreement, Sulzer Metco has the right to be the exclusive distributor of that product in the spray coating field assuming that certain purchase and other commitments are met.

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