ALTAIRNANO DEMONSTRATES EXCELLENT BATTERY PERFORMANCE AT SEMA SHOW

RENO, NV – November 7,  2006 – Altair Nanotechnologies Inc. (Nasdaq: ALTI), reported that the company produced and showcased their fast charge, long life, safe nano-Titanate batteries in Phoenix Motorcars' zero emission, all electric, freeway ready sports utility truck (SUT) and sports utility vehicle (SUV).  

Altairnano and partners Phoenix Motorcars and Boshart Engineering have just returned from showcasing the zero emission Sport Utility Truck at the SEMA show (Specialty Equipment Market Association - www.sema.org ), which was attended by more than 200,000 automobile industry people last week in Las Vegas, NV.  During the SEMA show, Altairnano gave numerous interviews on the performance of the nano-Titanate product technology and demonstrated the battery packs safety and fast charge performance. This was the third exhibition in the past five weeks where Altairnano's NanoSafe™ battery pack powered zero emission, all electric, full sized Sport Utility Truck or Sport Utility Vehicle for industry and the public.

Altairnano's safe nano-Titanate battery packs allows the Phoenix sport utility truck (SUT) and sport utility vehicle (SUV) to exceed all specifications for the State of California Type III ZEV.   Altairnano offers two nano-Titanate battery pack configurations: a 35 KWh and a 70 KWh NanoSafe pack. The 35 KWh NanoSafe pack can be recharged in less than 10 minutes, with the appropriate battery charger and provides sufficient power and energy for a fleet vehicle to travel up to 130 miles. The 70 KWh NanoSafe pack can also be recharged in less than 10 minutes, with the appropriate battery charger and provides sufficient power and energy for a full sized SUV to travel up to 250 miles.  Altairnano is on track to deliver ten 35 KWh NanoSafe battery packs in the fourth quarter to Phoenix Motorcars and is prepared to supply additional  35 KWh NanoSafe battery packs to support Phoenix upcoming SUT market introduction build in early 2007 and SUV 35 KWh and 70 KWh battery packs in the later part 2007.

"Our nano-Titanate battery technology is performing as forecast. We have exhibited Altairnano's NanoSafe battery packs in a zero emission, all-electric, full size Sport Utility Vehicle and in full sized Sport Utility Truck. It is clear that our NanoSafe battery pack products provide distinctive market advantages such as safety, fast charge and long life over traditional rechargeable batteries," said Alan J. Gotcher, Ph.D., President and Chief Executive Officer of Altair Nanotechnologies Inc.

ABOUT ALTAIR NANOTECHNOLOGIES INC.

Altairnano is an innovator and supplier of advanced novel, ceramic nanomaterials. Altairnano's leading edge scientists are complemented by a seasoned management team with substantial experience in commercializing innovative, disruptive technologies. The company has developed nanomaterials for the alternative energy, life sciences and performance materials markets based on its proprietary manufacturing process. This process also provides the foundation for its innovative AHP pigment process. For more information visit: www.altairnano.com.

Forward-Looking Statements

This release 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 the company'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 release. These risks and uncertainties include, without limitation, the risks that Altairnano's cash and non-cash expenses will rise significantly during the following year as a result of unforeseen events; that in future testing and/or commercial use, the various Altairnano products and potential products referenced in this release  may not demonstrate expected  results or may not prove competitive with existing  products or products under development; that, irrespective of a product's potential, parties to our development and license agreements may abandon commercialization or marketing efforts for various internal reasons; that applications for key patents may be denied or key regulatory approvals may not be obtained for technical or other reasons; and that even if full commercialization occurs, sales may not reach expected levels for one or more reasons, including failure of the product to perform as expected, the introduction of a superior product or the withdrawal from the project of key commercial partners.  In general, Altairnano is, and expects to be in the immediate future, dependent upon funds generated from sales of securities, grants, testing agreements, and licensing agreements to fund its testing, development and ongoing operations. In addition, other risks are identified in the company's most recent Annual Report on Form 10-K and Form 10-Q, as filed with the SEC. Such forward-looking statements speak only as of the date of this release. The company expressly disclaims any obligation to update or revise any forward-looking statements found herein to reflect any changes in company expectations or results or any change in events.

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