May 18, 2009: Altair Nanotechnologies Inc. (Altairnano), a provider of energy storage systems for clean, efficient power and energy management, and Amperex Technology Ltd. (ATL), which designs and manufactures of lithium-ion battery cells for mobile devices, have entered into a joint development agreement to accelerate the commercialization of next-generation high-performance lithium-titanate battery cells.
Under terms of the agreement, Altairnano and ATL will provide respective technical resources to focus on the engineering, design and testing of the next-generation of rechargeable cells, according to a news release.
The cells are the core technology supporting Altairnano’s energy storage and battery systems designed for electrical grid stability, renewable energy integration, and transportation applications.
The joint development agreement is an integral component of Altairnano’s product roadmap and accelerated commercialization strategy for the company’s advanced energy storage solutions. This initiative seeks to improve cell performance by increasing cell energy and power density.
Increased density, coupled with Altairnano’s distinctive performance capabilities, will further enhance the value and market adoption of the company’s energy storage systems, the company said.
“ATL, utilizing world-class manufacturing techniques and industry-leading expertise in battery cell development, views its association with Altairnano as furthering its goal of working with key companies in the energy storage system market to take advantage of the resulting synergies,”
said Dr. Robin Zeng, president and CEO at ATL, in a prepared statement.
“We are very pleased to be working with Altairnano to accelerate commercialization of next-generation lithium-titanate batteries. The association with Altairnano will provide additional inroads to the global market in energy storage.”
Initial availability of these cells and advanced energy storage systems and batteries featuring the company’s next generation of advanced lithium-titanate cells is anticipated by the end of 2009.
“We’re excited to partner with a recognized world leader in advanced cell design and manufacturing,” said Dr. Terry Copeland, president and CEO, Altairnano, in a prepared statement. “Strategic alignment with ATL strengthens Altairnano’s position to meet growing global market demands for utility-scale energy storage systems and for EV, HEV and PHEV battery applications.”