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Atairnano Receives More Funding

In a recent press release Altairnano (Nasdaq: ALTI) announced that it had received a $3 million investment from AES Corporation (NYSE: AES).

AES privately purchased 895,523 treasury shares of Altair common stock at $3.35 per share. The purchased shares represent approximately 1.5% of Altair’s outstanding common shares. AES Corporation and its subsidiaries engage in the generation and distribution of electric power.

inside greentech had a good summary of Altairnanos latest activities. There is a particularly good interview with Altairnano's CEO Alan Gotcher in which he explains how technology from such a small company could produce such a revolutionary product.