Altair evaluates feedstocks for pigment

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.