Altair Nanotechnologies Doing Business in China

Altair Nanotechnologies (ALTI) hit a buck a week ago, but it likes to penny stock. I liked this press release that the Altair issued yesterday: Altair Partners With Chinese Cities of Handan and Wu'an to Accelerate the Production and Deployment of Lithium Titanate Energy Storage Systems in China

"These new agreements will provide significant support and incentives for our entry into the Chinese energy storage market," said Alexander Lee, the Company's Chief Executive Officer. "By partnering with Handan and Wu'an cities, we will leverage our core technologies to gain access into key markets in China, which are eager to use LTO-based solutions to reduce the consumption of fossil fuels and reduce emissions."

This press release was released before the markets opened on yesterday 02012.04.24. ALTI had closed the previous day at $0.87. ALTI opened yesterday at $0.92 and closed at $0.92. Intra-day high was $0.94. Volume was average.