Newsletter Watch: Altair Technologies, Inc.

In this week’s newsletter watch, we follow a nanotechnology expert on his coverage of Altair Nanotechnologies, Inc. (Nasdaq: ALTI).

Josh Wolfe is a leading authority on emerging technologies, with a noted expertise in nanotechnogy. He is the co-founder and managing partner of Lux Capital, a prestigious group that was chosen by PowerShares to help develop the PowerShares Lux Nanotech Portfolio (ASE: PXN), an exchange-traded fund.

In the latest issue of his newsletter, The Forbes/Wolfe Emerging Tech Report, the advisor reviews PXN's largest holding, Altair Nanotechnologies, a leading player in the development of nano-enabled batteries for use in such areas as the electric car industry.

Wolfe says that electric cars are back on the industry radar and they're looking more promising than ever, but what has changed to make them potentially successful now?

“First, there's the ever-growing economic incentive driven by the steadily rising price of crude oil, now over $90 per barrel,” the advisor says. “Second, and more importantly, is the ever-improving technology. And the latest and greatest innovations in electric-powered vehicles are coming from, you guessed it, nanotech.”

According to Wolfe, if the electric car industry has been stalling over the years, it's primarily because of batteries. Either they're not efficient enough, not light enough, not cost-effective enough or they literally explode from time to time, Wolfe says. Nanotech companies, though, are starting to change all that by developing next-generation batteries, he says, to finally get electric cars on the road.

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