Originally published November 15 2005
Altair Nanotechnologies will manufacture hybrid electric vehicle batteries
by Mike Adams, the Health Ranger, NaturalNews Editor
Anderson, Ind., is the new site for Altair Nanotechnologies to begin making its lithium ion batteries for hybrid vehicles.
A new company is locating at the Flagship Enterprise Center with the promise of 100 new high-tech jobs in the future.
Nevada-based Altair Nanotechnologies will design and manufacture lithium ion batteries and electronics for hybrid vehicles.
"This is a truly great hit for the city of Anderson," said Greg Winkler, business consultant for the city.
"This is not just 100 jobs; it's 100 jobs in the right market niche."
The high-tech company announced last week that it has already hired 11 battery experts and specialists --- mainly former Delphi and General Motors employees --- to develop new lithium battery technologies.
A $1.53 million economic incentives package, mainly in state tax breaks, from the Indiana Economic Development Corp. (IDEC) helped bring the company to Anderson.
"Bringing this high-caliber company to Indiana is a great example of how we can reach out to attract more technology-based, high-growth businesses that will help advance and diversify our economy," said Patricia R. Miller, Indiana Secretary of Commerce.
The company will place research and development operations in a 4,000-square-foot space in the Business Development Center, said Art Patterson, executive director for the Anderson Business Development Center incubator.
Altairnano wanted to locate its research facility close to its key customers, and there was no place better than Anderson.
Anderson's technical heritage in the distributed electrical power industry and its role in shaping the automobile over the last century fit Altairnano's market niche, as well as future global markets.
"This announcement proves that Anderson is becoming the place to establish new business," Mayor Kevin S. Smith said.
"We are aggressively pursuing great companies like Altairnano and providing the infrastructure they will need to make their business succeed."
Altairnano will join companies like Remy International already exploring hybrid technology in Anderson.
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