Phoenix Motorcars to Showcase All-Electric Phoenix SUT at Green California Summit and Exposition

ONTARIO, Calif. – March 5, 2007 – Phoenix Motorcars, a California-based electric vehicle company and its partner, Altair Nanotechnologies Inc. (NASDAQ: ALTI), will shed some green light about the benefits of alternative fuel during the Green California Summit and Exposition at the Sacramento Convention Center being held March 13-14, 2007.

Conference attendees are encouraged to visit Phoenix Motorcars' booth, 363 and 365, in the exhibit hall to meet its developers and learn why Phoenix's SUT is an economical and energy-efficient solution for utility companies and government agencies that require fleet vehicles.

"We have taken the initiative to make a difference in our quality of life by developing a new class of vehicles," says Dan Elliott, CEO of Phoenix Motorcars. "Phoenix's SUT is a safe, reliable and smart transportation solution as the California fleet market shifts to alternative fuel vehicles."

Phoenix's battery-electric, zero-emission Phoenix SUT can travel at freeway-speeds while carrying five passengers and a full payload. The Phoenix SUT exceeds all specifications for a Type III ZEV, having a driving range of over 100 miles, can be recharged in less than 10 minutes and has a battery pack with a life of 12 years or more. It is powered by UQM Technologies, Inc.'s (AMEX: UQM) propulsion system, utilizes Boshart Engineering's homologation process and is equipped with a non-toxic, revolutionary Altairnano NanoSafe™ (NASDAQ: ALTI) all-battery pack.

Phoenix Motorcars targets operators of fleet vehicles, such as public utilities, public transportation providers and delivery services. A limited number of vehicles will be available to consumers in 2007 with an expanded consumer launch scheduled for 2008. Phoenix Motorcars will also introduce an SUV model in late 2007.

The Green California Summit and Exposition is the first conference of its kind to focus on State and local government efforts to make California more environmentally friendly. For more information about the Green California Summit and Exposition, visit www.green-technology.org


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