Altair contract extension
Altair Nanotechnologies, Inc. of Reno said last week it agreed to a 90-day extension of a contract to provide an advanced battery system to a utility in El Salvador.
The contract will give more time for the utility, Inversiones Energeticas, S.A. de C.V., to work out regulatory issues.
Altair values the contract at $18 million.
“The location of these fast-growing companies is a testimony to the advantages of conducting business in Northern Nevada and the region’s expanding tech ecosystem,” per EDAWN.