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Altair Nanotechnologies surges on $18 million contract for El Salvador system

Wednesday, February 16, 2011

Shares of Altair Nanotechnologies jumped in after-hours trading after it was awarded an $18 million contract to provide a 10-megawatt energy storage system for one of El Salvador's largest electric generation utilities.

The system represents Altairnano's largest installation for the electric grid market to-date.

The energy-storage systems manufacturer will provide a complete turn-key installation at the power station of Inversiones Energeticas.

Original source: Dow Jones