Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.

2008 West
DIAMOND SPONSOR:
Data Direct
SOA, WOA and Cloud Computing: The New Frontier for Data Services
PLATINUM SPONSORS:
Red Hat
The Opening of Virtualization
GOLD SPONSORS:
Appsense
User Environment Management – The Third Layer of the Desktop
Cordys
Cloud Computing for Business Agility
EMC
CMIS: A Multi-Vendor Proposal for a Service-Based Content Management Interoperability Standard
Freedom OSS
Practical SOA” Max Yankelevich
Intel
Architecting an Enterprise Service Router (ESR) – A Cost-Effective Way to Scale SOA Across the Enterprise
Sensedia
Return on Assests: Bringing Visibility to your SOA Strategy
Symantec
Managing Hybrid Endpoint Environments
VMWare
Game-Changing Technology for Enterprise Clouds and Applications
Click For 2008 West
Event Webcasts

2008 West
PLATINUM SPONSORS:
Appcelerator
Get ‘Rich’ Quick: Rapid Prototyping for RIA with ZERO Server Code
Keynote Systems
Designing for and Managing Performance in the New Frontier of Rich Internet Applications
GOLD SPONSORS:
ICEsoft
How Can AJAX Improve Homeland Security?
Isomorphic
Beyond Widgets: What a RIA Platform Should Offer
Oracle
REAs: Rich Enterprise Applications
Click For 2008 Event Webcasts
SYS-CON.TV
Today's Top SOA Links


Altair Nanotechnologies Inc. Announces 1-for-6 Reverse Stock Split

RENO, NV -- (Marketwire) -- 12/07/12 -- Altair Nanotechnologies Inc. (NASDAQ: ALTI) today announced that its Board of Directors approved a 1-for-6 reverse stock split, which will become effective immediately following the close of trading on December 17, 2012. The consolidated common shares will begin trading on a split-adjusted basis on December 18, 2012 on the NASDAQ Capital Market.

"The primary objective in effecting the reverse stock split at this time is to enable Altair to maintain its listing on the NASDAQ Capital Market," said Alexander Lee, Chief Executive Officer of Altair Nanotechnologies Inc. "Over the past two quarters, we executed on a number of key milestones:

  • We focused on our new China plan:
    • We entered into an economic development agreement with the cities of Wu'an and Handan in the Hebei province, which calls for the transfer of up to 330 acres of land as well as orders for electric buses and energy storage systems (ESS). In return, the Company shall establish a manufacturing presence in Wu'an's new technology park.
    • We acquired a conditional 50-year right to use 66 acres of land in Wu'an for $13.9 million (inclusive of taxes) through a bidding process. We retained Beijing Hengxin Delv Assets Appraisal Co. Ltd. to perform an appraisal of the land. The value of the land was appraised at $32.2 million, which was verified by BDO China Dahua.
    • We applied for special grants and subsidies, and to date, Wu'an has awarded and paid Altair $12 million.
    • We received a $1.9 million down payment from Wu'an for an initial EV bus order.
    • We completed the design of our planned LTO and ESS manufacturing facilities.
  • We focused on sales and on our deliverables:
    • We launched our new 2 MW ALTI-ESS Advantage product this year and sold a system to TSK Solar in October.
    • We signed a supply agreement with Proterra for deliveries in 2013.
    • We built five ESS systems, three of which are now in their final stages of commissioning.
    • We ramped up our R&D proposal activity, and commenced economic development discussions in the U.S.
    • Deferred revenues grew to $5.3 million in the third quarter.
  • We focused on cost reductions and the consolidation of our operations.

"We are continuing to build upon these recent successes and believe 2013 will bring much stronger financial performance. Maintaining our listing on the Nasdaq Capital Market is important to our current shareholders and should help us attract a broader range of investors to the company," said Mr. Lee.

Based on 69,537,911 shares outstanding at October 12, 2012 and excluding the effects of rounding of fractional shares, the number of outstanding shares following the 1-for-6 reverse stock split would be 11,589,652. Any fractional shares will be rounded up to the nearest whole share. The exercise price and the number of shares of common stock issuable under the Company's outstanding warrants and stock options will be proportionately adjusted to reflect the reverse stock split.

Registered stockholders immediately following the closing of trading on December 17, 2012 will receive a Letter of Transmittal from the company's transfer agent, Registrar and Transfer Company, with specific instructions regarding the exchange of shares. Shareholders that hold shares as beneficial owners will have their holdings electronically adjusted by their brokers or banks that hold the shares in street name for their benefit.

About Altair Nanotechnologies Inc.
Altair is a leading provider of high-power energy storage systems for the electric grid, industrial equipment and transportation markets. The company's lithium titanate technology is built on a proprietary nano-scale processing technology that creates high-power, rapid-charging battery systems with industry-leading performance and cycle life. Altair is headquartered in Reno, Nevada and maintains operations in Anderson, Indiana; Zhuhai, China; and Wu'an, China. For additional information, please visit: www.altairnano.com.

Forward-Looking Statements
This report may contain forward-looking statements as well as historical information. Forward-looking statements, which are included in accordance with the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, may involve risks, uncertainties and other factors that may cause Altair's actual results and performance in future periods to be materially different from any future results or performance suggested by the forward-looking statements in this report. These risks include the risk that the consolidation will not be sufficient for the Company to maintain its Nasdaq Capital Market and that the market price of the Company's common stock will subsequently drop below $1 in the future, leading to a potential future delisting. Other risks are identified in Altair's most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q filed with the SEC. Such forward-looking statements speak only as of the date of this release. Altair expressly disclaims any obligation to update or revise any forward-looking statements found herein to reflect any changes in Altair expectations or results or any change in events.

For Additional Information:

Investors
Tony Luo
tluo@altairnano.com
775.858.3726

MEDIA
Erin Witt
ewitt@altairnano.com
(317) 509-5968

About Marketwired .
Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Web 2.0 Latest News
DevOps Summit at Cloud Expo 2014 Silicon Valley was a terrific event for us. The Qubell booth was crowded on all three days. We ran demos every 30 minutes with folks lining up to get a seat and usually standing around. It was great to meet and talk to over 500 people! My keynote was we...

#IoT #IDM #SDAS #infosec

As the Internet of Things continues to expand (and it is expanding rapidly) the issue of access to applications is going to get a lot more messy.

One of the benefits of cloud, so I'm told, is it is "easy access" for everyone...

#DevOps

App deployment should be viewed as a comprehensive, end to end process.But we treat it today like each silo is a fork in a project that never merges back together, causing disjointed operations, reporting, measurement and ultimately, failure to meet business priori...

Cryptocurrencies have gained traction in the past half-decade for a variety of reasons. Bitcoin has become the most popular cryptocurrency in the world due to its sudden rise in value and acceptance within the international marketplace. You might be wondering: What does cloud computing...
HP charts a better path to simplified, just-in-time, and pan-IT support improvements -- despite dynamic and complex IT environments. Much of the attention to coping with mega IT challenges such as cloud, bring your own device (BYOD), mobile applications, and big data focuses on adopti...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021




SYS-CON Featured Whitepapers
ADS BY GOOGLE