Altair Nanotechnologies Inc. (the “Company”) is a U.S. Delaware corporation with primary operations in China that develops, manufactures and sells nano lithium titanate materials, batteries and energy storage systems. Our nano lithium titanate battery systems offer higher power density, longer cycle life, rapid charge and discharge capabilities, a wider operating temperature range and higher levels of safety than conventional lithium-ion batteries. We target applications that effectively utilize the key attributes of our technology, and these applications can be found primarily in the electric grid, transportation (commercial vehicles), and industrial market segments.
The Company failed to timely make required periodic filings with respect to its 2013 fiscal year and periods thereafter. As a result, on November 17, 2016, the Securities and Exchange Commission revoked the Company’s registration as a public reporting company under Section 12 of the Securities Exchange Act of 1934, as amended. As a result, the Company is currently not required to file reports with the SEC on its EDGAR reporting system at this time. The Company is continuing to operate its business and is weighing various options with the intent of maximizing the long-term value to the Company’s stockholders.