Topdown here's the deal on ALTI.
soon to be released all electric Sport Utility Truck [SUT] by Phoenix Motorcars, Inc. UQM Technologies (UQM) a part of the Powershares Clean Energy Fund (PBW) develops an electric propulsion system that will produce enough power to accelerate the vehicle from 0 to 60 in 10 seconds with a top speed of 100mph! Altair (ALTI) will provide the NanoSafe battery pack which can be charged in 10 minutes and travel 100 mph on a single charge (Phoenix is working on an upgrade that is expected to increase that to 250 miles). Very impressive indeed! Phoenix will have far exceeded that government goal of developing a plug in hybrid that travels 40 miles on a single charge. Phoenix is a private company but a way to play it is through a purchase of Altair (ALTI), which now owns a 16.6% stake in the company as part of their agreement.
They are expected to sell for about $45K initially but will drop significantly if the government begins to purchase them. According to the company it will cost $3/per charge. Considering the average sport utility vehicle needs somewhere around 13 gallons of $3/gas to go 250 miles (as, it will be about 13x cheaper to run the electric vehicle... If you assume the average miles traveled in a year is 15K miles, you would save approximately $2K/year in fuel. The problem is Compare a 25K Ford SUV to the current price of the Phoenix SUV and it would take you 10 years to make up the difference in fuel cost savings.
The average farmer then in his used F150 is not going to make the switch> but the government could easily make a huge purchase. I think we have to do a Internet search on a release date for the Phoenix Motorcars project and assume there will be a whole hell of a lot of press coverage and that our two companies involved UQM & ALTI will both get a substantial lift!
Topdown you scare me a little bit, your thinking process is not unlike the stonedinvestors though I fear you may be several generations younger!
soon to be released all electric Sport Utility Truck [SUT] by Phoenix Motorcars, Inc. UQM Technologies (UQM) a part of the Powershares Clean Energy Fund (PBW) develops an electric propulsion system that will produce enough power to accelerate the vehicle from 0 to 60 in 10 seconds with a top speed of 100mph! Altair (ALTI) will provide the NanoSafe battery pack which can be charged in 10 minutes and travel 100 mph on a single charge (Phoenix is working on an upgrade that is expected to increase that to 250 miles). Very impressive indeed! Phoenix will have far exceeded that government goal of developing a plug in hybrid that travels 40 miles on a single charge. Phoenix is a private company but a way to play it is through a purchase of Altair (ALTI), which now owns a 16.6% stake in the company as part of their agreement.
They are expected to sell for about $45K initially but will drop significantly if the government begins to purchase them. According to the company it will cost $3/per charge. Considering the average sport utility vehicle needs somewhere around 13 gallons of $3/gas to go 250 miles (as, it will be about 13x cheaper to run the electric vehicle... If you assume the average miles traveled in a year is 15K miles, you would save approximately $2K/year in fuel. The problem is Compare a 25K Ford SUV to the current price of the Phoenix SUV and it would take you 10 years to make up the difference in fuel cost savings.
The average farmer then in his used F150 is not going to make the switch> but the government could easily make a huge purchase. I think we have to do a Internet search on a release date for the Phoenix Motorcars project and assume there will be a whole hell of a lot of press coverage and that our two companies involved UQM & ALTI will both get a substantial lift!
Topdown you scare me a little bit, your thinking process is not unlike the stonedinvestors though I fear you may be several generations younger!
