Phoenix Motorcars has installed the first NanoSafe production battery pack system from Altairnano (NASDAQ: ALTI) in a Phoenix Motorcars sports utility truck [SUT], and completed initial testing.
“The results are amazing, we are delighted with the quality of construction and the specification of this first production battery pack,” says Phoenix Motorcar CEO Daniel J. Elliott.
The Altairnano NanoSafe battery pack is a 35KWh configuration and will enable Phoenix to equip an SUT with a battery that can be charged in 10 minutes and achieve up to 130 miles between charges. This SUT will be used as a demonstration vehicle for initial sales, and already it is committed for multiple prospect demonstrations and a trade show in December.
Dan Elliott added:
Based on early feedback we are confident we will be able to sell at least 500 vehicles into the fleet market during 2007. The SUT is an ideal vehicle for fleets because it combines a large payload capability with the ability to carry 5 adults at freeway speeds, and deliver a driving range of 100+ miles. With over 200,000 fleet vehicles in California alone, and no one else providing a viable zero emission, fleet-ready vehicle, we have an outstanding market opportunity. Now that we have seen the production quality of Altairnano’s NanoSafe batteries we know we have a winner.