Altair Nanotechnologies of Reno said
last week it has entered into an evaluation
agreement with Avireco USA, LLC.
Altair will determine the suitability of
Avireco's feedstock to produce titanium
dioxide pigment using Altair's patented
process. A concentrate of Avireco's feedstock
will be provided from Vietnam. Altair
will be paid approximately $250,000 for the
first phase of the project.
If the test is successful, Avireco will win
an exclusive license to manufacture and
market titanium dioxide pigment throughout
Vietnam. Altair will receive royalties on
pigment sold by Avireco and its affiliates.
Avireco Co. Ltd. mines ilmenite ore and
exports the concentrates to titanium dioxide
pigment manufacturers in Asia. Altair
Nanomaterials and the Stanford Research
Institute International, formerly Stanford
Research Institute, will advise and assist
Avireco to obtain international financing
for its pigment project.
