Yudu - Nanotimes March 2011

nanotimes

Companies Facts

um-ion battery technologies and systems, reported financial results for the year ended December 31, 2010. Financial Highlights for the full year of 2010 compared to 2009:

• Revenues increased 79% to $7.8 million; • Gross margin of $2.0 million compared to $1.3 million;

• Operating expenses of $22.5 million compared to $22.1 million;

• Net loss of $22.3 million compared to $21.3 million.

• Net cash burn excluding the sale of new common shares of $14.1 million compared to $22.8 million.

Altairnano had been selected by MDB Capital Group as one of the 2011 “Best and Brightest” in- novating companies with market capitalization less than $500 million. The award recognizes companies with leading intellectual property based upon MDB‘s proprietary PATENTVEST metrics.

11-02/03 :: February / March 2011