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USA: Altair Nano gets a recharge with $3.8 mln Navy contract

5/29/2009 8:14:04 AM(RTTNews) Advanced-battery maker Altair Nanotechnologies, Inc. (ALTI) said it won a $3.8 million contract from the Office of Naval Research, to continue its research on its advanced battery storage systems for possible use as an uninterruptible power supply or UPS on Navy ships. The contract is significant to the company, which reported revenues of $0.9 million for the most recently ended first quarter.


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