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Altair Nanotechnologies will manufacture hybrid electric vehicle batteries

• A new company is locating at the Flagship Enterprise Center with the promise of 100 new high-tech jobs in the future.
• Nevada-based Altair Nanotechnologies will design and manufacture lithium ion batteries and electronics for hybrid vehicles.
• "This is a truly great hit for the city of Anderson," said Greg Winkler, business consultant for the city.
• "This is not just 100 jobs; it's 100 jobs in the right market niche."
• The high-tech company announced last week that it has already hired 11 battery experts and specialists --- mainly former Delphi and General Motors employees --- to develop new lithium battery technologies.
• A $1.53 million economic incentives package, mainly in state tax breaks, from the Indiana Economic Development Corp. (IDEC) helped bring the company to Anderson.
• "Bringing this high-caliber company to Indiana is a great example of how we can reach out to attract more technology-based, high-growth businesses that will help advance and diversify our economy," said Patricia R. Miller, Indiana Secretary of Commerce.
• The company will place research and development operations in a 4,000-square-foot space in the Business Development Center, said Art Patterson, executive director for the Anderson Business Development Center incubator.
• Altairnano wanted to locate its research facility close to its key customers, and there was no place better than Anderson.
• Anderson's technical heritage in the distributed electrical power industry and its role in shaping the automobile over the last century fit Altairnano's market niche, as well as future global markets.
• "This announcement proves that Anderson is becoming the place to establish new business," Mayor Kevin S. Smith said.
• "We are aggressively pursuing great companies like Altairnano and providing the infrastructure they will need to make their business succeed."
• Altairnano will join companies like Remy International already exploring hybrid technology in Anderson.

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