16

nanotimes

Companies Facts

Companies – Summaries 3

M introduced its 3M Ultra Barrier Solar Film for flexible Copper Indium Gallium Selenide (CIGS),

Cadmium Telluride (CdTe), and Organic Photovol- taic (OPV) solar modules. 3M Ultra Barrier Solar Film is highly transparent, provides moisture vapor transmission rates (MVTR) below 5 * 10-4 g/m2

T /day,

and demonstrates excellent durability. The product is the result of more than a decade of development in transparent barrier technology as well as over 45 U.S. patents and patent-pending applications co- vering construction, materials and processes. The company also plans to begin high-volume production of the Ultra Barrier Film to supply 3M’s global thin film solar customer base, including manufacturers throughout the United States, Europe and Asia.

3M introduced further its latest Ultra Hard Metric (UHM) Cable Assembly, the next generation of backplane and rear IO cable assemblies designed to address the embedded computing industry’s mo- vement to high-speed, high-density serial protocols such as SAS, Gigabit Ethernet and PCI Express. The 3M™ UHM Cable Assembly is the industry’s first fully-shielded, low crosstalk 2 mm hard metric (HM) cable assembly designed for up to 12 Gbps performance when used with industry standard 2 mm HM (IEC 61076-4-101) or 3M™ HSHM Back- plane Headers. http://www.3M.com

he Board of Directors of Altair Nanotechno- logies, Inc. (NASDAQ: ALTI) has approved a

4-for-1 share consolidation ratio, or reverse stock split ratio (one post-consolidation share for every four pre-consolidation shares), that will become effective immediately following the closing of trading on November 15, 2010. The consolidated common shares will begin trading on a post-consolidation ba- sis on November 16, 2010 on the NASDAQ Capital Market. Based on 108,062,315 shares outstanding at September 30, 2010 and excluding the effects of rounding of fractional shares, the number of outstan- ding shares following the 4:1 consolidation would be 27,015,578.

“The primary objective in effecting the reverse stock split at this time is to better enable the Company to maintain its listing on the NASDAQ Capital Market and to attract a broader range of investors to the Company,” said Terry Copeland, President and Chief Executive Officer of Altair Nanotechnologies.

For the quarter ended September 30, 2010, Altairn- ano reported revenues of $2.0 million, up from $1.7 million for the same period in 2009. This increase is the result of higher battery product sales, contract and grant activity. Operating expenses increased $0.5 million to $5.8 million from $5.3 million in the third quarter of 2009 primarily as a result of higher R&D expense. The net loss attributable to Altairnano was $5.3 million, or five cents per share, compared to a net loss of $3.3 million, or three cents per share,

10-10/11 :: October/November 2010