Press Releases

• Apr 14, 2009

  
  A123Systems Awarded $100 Million in Refundable Tax Credits from Michigan Economic Development Corporation

• Apr 13, 2009

  
  GE Deepens Relationship with Battery Manufacturer A123Systems Through New Investment and Planned Addition of GE’s Technology Head to Board of Directors

• Apr 06, 2009

  
  Chrysler LLC Forms Strategic Alliance with A123Systems for ENVI Electric Vehicle Lineup

• Apr 02, 2009

  
  A123Systems to Supply Li Ion Cells for Shanghai Automotive Hybrid Vehicles

• Jan 07, 2009

  
  A123Systems Announces Plan to Build U.S.-based Lithium Ion Battery Mass Production Facilities

• Nov 19, 2008

  
  AES Installs A123Systems H-APU™ Energy Storage System at Facility in Southern California (archived)

• Aug 08, 2008

  
  A123Systems Files Registration Statement for Initial Public Offering (archived)

• Apr 28, 2008

  
  A123Systems Begins Taking Consumer Orders for its Hymotion™ L5 Plug-in Conversion Modules (archived)

• Mar 05, 2008

  
  A123Systems Signs Production Contract for Think Electric Vehicles (archived)

• Mar 04, 2008

  
  A123Systems Announces Patent Issuance for Nanophosphate™ Lithium Ion Battery Technology (archived)

• Jan 22, 2008

  
  A123Systems Appoints Robert Johnson as Vice President and General Manager (archived)

• Oct 23, 2007

  
  A123Systems Receives $30 Million Investment to Support Scale Up and Recent Contract Awards in the Automotive and Powertool market (archived)

• Sep 19, 2007

  
  A123Systems™ to Supply Lithium Ion Engine Start Batteries to Cessna Aircraft Company for Citation Fleet of Aircraft (archived)

• Aug 09, 2007

  
  GM and A123Systems to Co-Develop Lithium-Ion Battery Cell for Chevrolet Volt (archived)

• May 17, 2007

  
  A123Systems Is Selected As Battery Supplier For BAE Systems’ Hybrid Propulsion System Which Powers The Leading Series Hybrid Bus Supplier in North America (archived)

• May 16, 2007

  
  A123Systems Introduces 32-Series Automotive Class Lithium Ion™ Application-Specific Cells at the Advanced Automotive Battery Conference (archived)

• May 03, 2007

  
  A123Systems Acquires Hymotion (archived)

• Feb 26, 2007

  
  President Bush Meets with A123Systems’ CEO to Discuss Advanced Batteries for Plug-In Hybrids Capable of Over 150 MPG (archived)

• Jan 25, 2007

  
  A123Systems Receives $40 Million Investment to Expand Product Portfolio and Scale Manufacturing of Hybrid and Plug-In Hybrid Batteries (archived)

• Jan 04, 2007

  
  GM to use A123 Batteries for Saturn Vue Plug-In Hybrid Development Program (archived)

• Jan 03, 2007

  
  Cobasys and A123Systems Announce Partnership To Develop Lithium Ion Hybrid Electric Vehicle Battery Systems (archived)

• Oct 26, 2006

  
  A123Systems To Develop High Voltage Battery Modules for Lightweight Fuel Cell Hybrid Bus (archived)

Press Releases

A123Systems Awarded $100 Million in Refundable Tax Credits from Michigan Economic Development Corporation

Livonia Named as One of the Initial Sites for New Lithium Ion Battery Mass Production Facilities

WATERTOWN, Mass. – April 14, 2009 – A123Systems announced today it has secured more than $100 million in refundable tax credits from the state of Michigan and has selected Livonia as one of the sites where it is planning to  base new production plants.  The refundable tax credits issued by the Michigan Economic Development Corporation (MEDC) will help implement A123’s existing strategy to establish Michigan as the manufacturing hub to meet demand from its growing global automotive customer portfolio, which includes the recently announced Chrysler partnership, several other automotive manufacturers and 19 vehicle models -- ranging from hybrid electric vehicles to electric vehicles.  

This announcement follows the designation of A123Systems as a Michigan Center of Energy Excellence.  In November, the company was granted $10 million by the state to create a research and development institution focused on advanced lithium-ion batteries for the automotive, defense and alternative energy markets. The Center will be based at the Livonia production facility and work in collaboration with the University of Michigan and Michigan State University on joint research, system design and performance measurement projects.    

A123Systems first invested in Michigan when it acquired Ann Arbor based T/J Technologies in 2006.  The company later expanded operations by establishing an automotive engineering team that is currently located in a facility in Novi.

"Today is truly a milestone for A123Systems, the state of Michigan and everyone interested in creating new markets where American innovation creates sustainable job growth in engineering, research and manufacturing,” said David Vieau, A123Systems’ president and chief executive officer. “With the support of the state’s leadership and highly-skilled workforce, we expect that our planned new facilities in Michigan will serve as a global product center, powering a new generation of cleaner, more fuel efficient cars and trucks.”

In the last month alone, A123 announced a strategic partnership with Chrysler to supply battery cells and systems for Chrysler’s ENVI line of range-extended and battery-only electric vehicles expected to launch next year, and will produce battery cells for Shanghai Automotive Industry Corporation (SAIC), the manufacturer of China's first hybrid electric vehicle.  To meet this growing demand, A123Systems will continue its efforts to forge strategic partnerships with both private and public organizations to advance the company’s goal of creating an advanced battery ecosystem in the U.S.  

“Today's recognition of this Michigan-based partnership represents tremendous forward thinking by the government, and demonstrates how government can greatly affect the development of – and costs associated with – this type of advanced technology,” said John Bozzella, Senior Vice President - External Affairs and Public Policy.  "Chrysler is proud to participate in this effort that will bring high-technology jobs to Michigan, and will help solidify American innovation in electric vehicles – ultimately leading to more advanced fuel-efficient vehicles for the American consumer and the environment.”

A123 was born out of the research labs of the Massachusetts Institute of Technology and was funded initially with a $100,000 grant from the US Department of Energy in 2001. Among the companies using A123 batteries, battery systems and technology in the fields of transportation, grid energy storage and portable power are AES, BAE Systems, Better Place, Black and Decker, Cessna, Chrysler, Daimler, Delphi, Duke Energy, General Motors, Google.org, LADWP, Madison Gas and Electric, Magna Steyr, Mercedes Benz High Performance Engines, Procter and Gamble, Sempra and Volvo Truck.  


About A123Systems
A123Systems develops and manufactures advanced lithium-ion batteries and battery systems for the transportation, electric grid services and portable power markets.  Founded in 2001 and headquartered in Massachusetts, A123 Systems’ proprietary nanoscale electrode technology is built on initial developments from the Massachusetts Institute of Technology.  For additional information please visit www.a123systems.com.

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Media Contact:
Steve Roy
212.819.4869
stephen.roy@edelman.com

Job Inquiries:
Visit www.a123systems.com/company and click Careers

General Inquiries:
Submit in writing to contact_us@a123systems.com

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Press Releases

GE Deepens Relationship with Battery Manufacturer A123Systems Through New Investment and Planned Addition of GE’s Technology Head to Board of Directors

A123 Raises $69 Million in New Round of Private Financing 

Watertown, MA – April 13, 2009 – A123Systems announced today it has raised $69 million from GE (GE: NYSE) and other investors to accelerate the expansion of its US lithium ion battery manufacturing and smart grid capabilities. The capital will help create new jobs by expanding A123’s facilities in Hopkinton, MA, and Novi, MI, as well as build planned new factories in Michigan. The funding will also support A123’s efforts to develop applications for the smart grid, such as utility-scale energy storage. Mark Little, GE’s Senior Vice President and Director GE Global Research, will join A123’s board of directors.

GE Energy Financial Services and GE Capital’s Equity unit provided $15 million of the amount raised by A123 in this financing.  This is GE’s seventh investment in A123, making it the company’s largest cash investor and bringing GE’s cumulative investment to $70 million – increasing its ownership stake to more than ten percent.

In addition to the private capital, A123 is seeking funds under federal and state stimulus and other programs to ramp up its production capabilities in Michigan. The company’s planned production facilities would be capable of supplying battery systems for five million hybrid electric vehicles or a half-million plug-in electric vehicles per year by 2013.

"We’ve accelerated our plans to expand our US manufacturing.  We do not believe our country can afford to wait to develop advanced batteries,” said David Vieau, A123Systems’ President and Chief Executive Officer. “With this financing, we will begin an expansion that we expect to accelerate upon receipt of government funds.  This expansion would create jobs and enable innovation.”

“A123 has broken through many technical and engineering barriers to advance lithium ion batteries to commercial applications,” said GE Chairman of the Board and CEO Jeff Immelt.  “As a company also focused on technology innovation, GE is excited to expand our relationship with this close and long-time partner.  GE’s capital, resources and technology expertise will help A123 scale up faster and more efficiently.”

The manufacturing plants are expected to produce battery cells and systems to meet the needs of A123’s broad automotive customer portfolio, which includes several vehicle manufacturers and 19 vehicle models -- ranging from hybrid electric vehicles to electric vehicles. A123 was recently awarded battery development and supply contracts for Chrysler’s first generation electric vehicle line-up and the Chinese automaker SAIC Motor Corp.’s new hybrid vehicle models, both scheduled to debut in 2010. A123’s plants are also expected to produce batteries for smart grid applications and grid stabilization.  

Beyond providing capital, GE, through GE Global Research, provided system design expertise and supported A123’s stationary power product development for electric grid applications, and helped to design battery system components for A123’ automotive programs.

“The advanced battery market is at a tipping point, and our support of A123 marks the application of GE’s resources at the right time to capture leadership in an essential new field,” said Little. “Our resources, engineering and R&D capabilities will have the potential to play an important role as A123 scales up its operations at this critical juncture. I look forward to joining A123’s Board of Directors and working closely with the company’s experienced team.”

GE’s support of A123 is part of its initiatives on smart grid and ecomagination -- the company’s commitment to help its customers meet their environmental challenges while expanding its own portfolio of cleaner energy products.

A123 was born out of the research labs of the Massachusetts Institute of Technology and was funded initially with a $100,000 grant from the US Department of Energy in 2001. Among the companies using A123 batteries, battery systems and technology in the fields of transportation, grid energy storage and portable power are AES, BAE Systems, Better Place, Black and Decker, Cessna, Chrysler, Daimler, Delphi, Duke Energy, General Motors, Google.org, LADWP, Madison Gas and Electric, Magna Steyr, Mercedes Benz High Performance Engines, Procter and Gamble, Sempra and Volvo Truck.  Other investors in this round of funding include Conoco Phillips, Detroit Edison, Espirito Santo Ventures, North Bridge, CMEA, Alliance Bernstein, Qualcomm, Sequoia, Novus and MIT.  

About A123Systems
A123Systems develops and manufactures advanced lithium-ion batteries and battery systems for the transportation, electric grid services and portable power markets.  Founded in 2001 and headquartered in Massachusetts, A123 Systems’ proprietary nanoscale electrode technology is built on initial developments from the Massachusetts Institute of Technology.  For additional information please visit www.a123systems.com.

About GE Energy Financial Services
GE Energy Financial Services’ experts invest globally with a long-term view, backed by the best of GE’s technical know-how, financial strength and rigorous risk management, across the capital spectrum, in one of the world’s most capital-intensive industries, energy.  GE Energy Financial Services helps its customers and GE grow through new investments, strong partnerships and optimization of its more than $22 billion in assets.  In renewable energy, GE Energy Financial Services is growing its portfolio of more than $4 billion in assets in wind, solar, biomass, hydro and geothermal power. GE Energy Financial Services is based in Stamford, Connecticut.  For more information, visit www.geenergyfinancialservices.com.

About GE Capital, Equity
GE Capital’s Equity team works with GE operating businesses in the industrial, infrastructure, media, communications, healthcare, energy, and financial services sectors on private equity investment opportunities.

About GE
GE is a diversified global infrastructure, finance and media company that is built to meet essential world needs. From energy, water, transportation and health to access to money and information, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit the company's Web site at http://www.ge.com. GE is Imagination at Work.

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Press contacts:

For A123Systems
Steve Roy
212.819.4869
stephen.roy@edelman.com

GE
Andy Katell
203.961.5773

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Press Releases

Chrysler LLC Forms Strategic Alliance with A123Systems for ENVI Electric Vehicle Lineup

SOURCE Chrysler LLC

A123Systems to Supply Michigan-made Lithium-ion Battery
 
•    Chrysler LLC signs agreement with A123Systems, a U.S.-based battery supplier, for advanced Nanophosphate™ Lithium ion prismatic battery cells, and jointly developed battery modules and battery packs for Chrysler’s Range-extended Electric Vehicle and battery only Electric Vehicle production programs
•    Partnership reinforces both companies’ commitment to expand battery manufacturing technology in the United States, reducing dependency on foreign sources of energy and greenhouse gas emissions

Chrysler LLC today announced one of its strategic partners and production battery supplier for the company's first production electric vehicles. Chrysler LLC and A123Systems have signed an agreement stating that A123Systems will supply energy storage systems for Chrysler's first-generation ENVI Range-extended Electric Vehicles and battery only Electric Vehicles. A123Systems is an American battery supplier with plans for a Michigan-based production facility.

"This is a great example of two American companies working together to put cutting-edge technology on the road," said Frank Klegon, Executive Vice President-Product Development, Chrysler LLC. "The most significant challenge to electric vehicles is battery technology. The diligent selection of strategic partners like A123Systems helps Chrysler achieve its leadership in electric-drive systems and vehicles."

"Chrysler's partnership with A123Systems marks a significant milestone at a critical time in the automotive industry and in the state of Michigan," said Michigan Governor Jennifer M. Granholm. "This strategic alliance that will result in two companies joining forces to develop and produce advanced technology in Michigan will create new jobs in the state, deliver benefits to consumers and contribute significantly to bringing more environmentally friendly vehicles to market."

The heart of ENVI's battery system is a scalable battery module, as demonstrated in ENVI's five electric-drive vehicles showcased at the 2009 North American International Auto Show in Detroit. The five vehicles included the Dodge Circuit EV, Jeep(R) Wrangler EV, Jeep Patriot EV, Chrysler Town & Country EV and the Chrysler 200C EV concept. At the reveal, Chrysler announced its intention to bring the company's first production electric vehicle to market in 2010.

Individual lithium ion prismatic cells are integrated with a proprietary battery management safety system to create an efficient and flexible energy storage solution. This strategy is integrated in all of Chrysler's upcoming electric-drive vehicles, helping increase production volumes of the shared battery cell and shared battery module. Chrysler's approach reduces development time, investment, and overall battery system cost by combining the economics of high-volume component sharing without sacrificing the battery pack flexibility needed to develop a wide range of customer-driven electric-drive vehicles.

"We're very proud to have been selected to supply advanced battery systems for Chrysler's family of ENVI electric-drive vehicles," said David Vieau, President and CEO of A123Systems. "This bold move by Chrysler changes the game and greatly improves our country's ability to modernize our transportation fleet. We're confident that our collaboration with Chrysler will serve as proof that American innovation is alive and well and ready to lead the new global market for fuel-efficient electric vehicles."

A123Systems advanced lithium-ion battery chemistry has the capability of meeting consumer demands for performance, driving range, and durability. A123Systems is currently planning a site in Michigan where it will manufacture Nanophosphate Lithium ion prismatic battery cells, modules, and battery packs for Chrysler LLC.

"Chrysler has successfully worked with A123Systems, both directly and through USCAR, for more than 3 years to improve the technology for automotive applications," said Lou Rhodes, Vice President-Advanced Vehicle Engineering and President of ENVI. "We have confidence that by partnering with A123Systems our near-term and long-term electrification goals will be met."

"Government and society are calling for the introduction of a variety of advanced propulsion vehicles," said John Bozzella, Senior Vice President-External Affairs and Public Policy, Chrysler LLC. "This partnership with A123Systems signifies Chrysler's commitment to contribute to our nation's goal of reducing dependence on foreign sources of energy, and reducing greenhouse gas emissions. Chrysler's partnership with A123Systems represents a win-win-win for the American consumer, American manufacturing and the environment."

ENVI -- letters that represent the first four letters of environment -- is Chrysler LLC's entrepreneurial in-house organization focused on electric-drive production vehicles and related advanced technologies. ENVI is a cross-functional, nimble team empowered to move quickly and access vast resources within Chrysler LLC in order to integrate electric-vehicle technology into existing products.

"With ENVI-powered electric vehicles, Chrysler LLC is inspiring a personal mobility revolution, creating a new generation of responsible, no-compromise Chrysler, Dodge and Jeep vehicles," said Klegon.

SOURCE Chrysler LLC

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Press Releases

A123Systems to Supply Li Ion Cells for Shanghai Automotive Hybrid Vehicles

SOURCE: Delphi Corporation

Delphi to Supply SAIC Motor with Hybrid Technology

Vehicles expected to hit the market by 2010

SHANGHAI, CHINA – Delphi Corporation announced an agreement reached to supply hybrid technology to the SAIC Motor Corporation Limited (SAIC Motor) for the mild Hybrid Electric Vehicle. This groundbreaking deal will bring SAIC Motor, currently the top OEM in the Chinese market, Delphi’s leading hybrid solutions to better meet the demands of local consumers for cleaner, more energy-efficient vehicles.

“We are excited to have this opportunity to work more closely with SAIC Motor,” said Thomas Goesch, managing director of Delphi’s Power Electronics product business unit. “It has always been our goal to bring more hybrid technologies to OEM customers in the Chinese market, but to do this with someone as influential in the market as SAIC Motor is truly an honor.”

Through years of work dedicated to developing reliable high-performance power electronics, Delphi has emerged as a leader in the field of hybrid technology. The upcoming SAIC Hybrid Electric Vehicle, which is expected to hit the market as early as in 2010, will feature Delphi’s unique mild hybrid vehicle product. This product is designed for easy electrical and mechanical integration into existing vehicles and includes a hybrid control unit, inverter motor drive and controller, DC/DC converter, battery pack and controls, battery disconnect, and thermal management subsystems. SAIC Motor is responsible for the vehicle-level system integration, hybrid control strategy and development of the software in the project.

In addition to converting high-voltage battery power to lower voltages used in lighting and 12-volt accessories, Delphi’s hybrid product provides several additional benefits. The hybrid control unit coordinates the engine/generator torque to achieve peak vehicle performance, reduced emissions and better fuel-efficiency. The inverter generates power to drive motors and generators, while the battery pack provides and recycles the energy used for starting and accelerating the vehicle.

A central feature of the system’s design is its energy storage system, an air-cooled Lithium-Ion Battery Pack. The battery pack is fully designed and integrated by Delphi using patented nanophosphate-based lithium ion cells from A123Systems, an American-based company with roots in the world-renowned Massachusetts Institute of Technology (MIT). A123 provides energy storage products for electric grids, portable power and transportation.

“A123 is proud to have been selected by Delphi as the battery provider for SAIC Motor’s hybrid vehicle. Active collaboration throughout the hybrid vehicle supply chain is vital to delivering vehicles to consumers around the world that pollute less, reduce energy costs and provide superior performance,” said David Vieau, A123Systems president and chief executive officer.

Delphi’s work with A123Systems to support SAIC Motor is part of a larger effort to help develop alternative-energy vehicles in the local Chinese automotive industry. Delphi has customer centers throughout Asia plus manufacturing facilities in Suzhou, which will serve as the primary center for production of this system. Delphi’s China Technical Center (CTC) in Shanghai will provide critical technical support throughout the product development cycle. The CTC is a state-of-the-art research and testing facility with an outstanding engineering team and a fully-equipped highvoltage power electronics lab for hybrid and electric vehicle development in which Delphi has already invested more than US$400,000.

Recognizing the importance of creating more energy-efficient automotive alternatives toward sustainable development, Delphi began working on the foundation of modern hybrid technology more than twenty years ago. As one of the top international producers of hybrid technology, Delphi is responsible for the production of power electronics like DC/DC converters and DC/AC inverters as well as motor controllers, battery packs, battery pack controllers and vehicle controllers. Delphi is also involved in various partnerships and strategic relationships to produce battery cells, electric motors and transmissions for hybrids. These components are all essential to properly functioning hybrid vehicles.

“Delphi is capable of providing hybrid solutions to meet the needs of a wide range of applications from micro hybrid stop-start systems to plug-in hybrids and range extended electric vehicles. We are supporting our Chinese customers locally by growing our Asia region engineering capability. Over the past two years we have expanded our Asia-Pacific hybrid design center and are planning for localized manufacturing of our hybrid components and systems” explained John Absmeier, Asia Pacific director of business development and manager of advanced engineering for hybrid and electric vehicles and power electronics, Delphi Corporation. “Delphi is helping to increase the availability of cost-saving, environmentally-friendly hybrid technology to consumers in China.”

This latest agreement with SAIC Motor is the next step in realizing Delphi’s bold vision to provide Chinese OEMs with the most reliable and cost-effective hybrid and electric vehicle solutions on the market, and further reinforces its position as an innovator in energy-saving technologies.
For more information about Delphi Corp., visit www.delphi.com.

Release: Delphi Automotive System (China)
Co., Ltd.
Contact: Scarlett Liu
Tel: 021-2896 7336
Fax: 021-5046 3937
Email: Scarlett.liu@delphi.com

Media Contact: Hill & Knowlton (China) Public
Relations Co., Ltd.
Contact: Tony Dong / Bindy Wang
Tel: 021-5109 7070
Fax: 021-5407 5700
Email: tony.dong@hillandknowlton.com.cn
bindy.wang@hillandknowlton.com.cn

FORWARD-LOOKING STATEMENTS
This press release as well as other statements made by Delphi may contain forward-looking statements that reflect, when made, the Company’s current views with respect to current events and financial performance. Such forward-looking statements are and will be, as the case may be, subject to many risks, uncertainties and factors relating to the Company’s operations and business environment which may cause the actual results of the Company to be materially different from any future results, express or implied, by such forwardlooking statements. In some cases, you can identify these statements by forward-looking words such as “may,” “might,” “will,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential” or “continue,” the negative of these terms and other comparable terminology. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, the following: the ability of the Company to continue as a going concern; the ability of the Company to operate pursuant to the terms of the debtor-in-possession financing facility, its advance agreement with GM, to obtain an extension of term or other amendments as necessary to maintain access to such facility and advance agreement, and partial temporary accelerated payments agreement with GM; the Company’s ability to obtain Court approval with respect to motions in the chapter 11 cases prosecuted by it from time to time; the ability of the Company to achieve all of the conditions to the effectiveness of those portions of the Amended and Restated Global Settlement Agreement and Amended and Restated Master Restructuring Agreement with GM which are contingent on Delphi’s emergence from chapter 11; the ability of the Company to obtain Court approval to modify the Plan which was confirmed by the Court on January 25, 2008, to confirm such modified plan or any other subsequently filed plan of reorganization and to consummate such plan; risks associated with third parties seeking and obtaining Court approval to terminate or shorten the exclusivity period for the Company to propose and confirm one or more plans of reorganization, for the appointment of a chapter 11 trustee or to convert the cases to chapter 7 cases; the ability of the Company to obtain and maintain normal terms with vendors and service providers; the Company’s ability to maintain contracts that are critical to its operations; the potential adverse impact of the chapter 11 cases on the Company’s liquidity or results of operations; the ability of the Company to fund and execute its business plan as described in the proposed modifications to its Plan as filed with the Court and to do so in a timely manner; the ability of the Company to attract, motivate and/or retain key executives and associates; the ability of the Company to avoid or continue to operate during a strike, or partial work stoppage or slow down by any of its unionized employees or those of its principal customers and the ability of the Company to attract and retain customers. Additional factors that could affect future results are identified in the Annual Report on Form 10-K for the year ended December 31, 2008 filed with the SEC, including the risk factors in Part I. Item 1A. Risk Factors, contained therein. Delphi disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new nformation, future events and/or otherwise. Similarly, these and other factors, including the terms of any reorganization plan ultimately confirmed, can affect the value of the Company’s various prepetition liabilities, common stock and/or other equity securities. It is possible that Delphi’s common stock may have no value and claims relating to prepetition liabilities may receive no value.

SOURCE: Delphi Corporation

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Press Releases

A123Systems Announces Plan to Build U.S.-based Lithium Ion Battery Mass Production Facilities

About A123Systems

A123Systems develops and manufactures advanced lithium-ion batteries and battery systems for the transportation, electric grid services and portable power markets.  Founded in 2001 and headquartered in Massachusetts, A123 Systems’ proprietary nanoscale electrode technology is built on initial developments from the Massachusetts Institute of Technology.  For additional information please visit www.a123systems.com.

PR Contact:
Steve Roy
212.819.4869
stephen.roy@edelman.com

 

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Press Releases

AES Installs A123Systems H-APU™ Energy Storage System at Facility in Southern California (archived)

WATERTOWN, Mass. - November 19, 2008 - A123Systems, a developer and manufacturer of advanced Nanophosphate^TM lithium-ion batteries and battery systems, announced the delivery and installation of its first Hybrid Ancillary Power Units (H-APU) with AES Energy Storage, LLC, a subsidiary of The AES Corporation (NYSE: AES), one of the world's largest global power companies.  The H-APU is designed to create another way for AES' existing facilities to meet the power industry's need for capacity, by supplying power plant reserve requirements and other ancillary services which enable the increasing use of renewable energy sources. 

A123 is under contract to provide multiple Hybrid Ancillary Power Units in 2008 and 2009 for use in grid stabilization applications in several AES facilities across the world.  The initial unit, installed at one of AES's Southern California power plants, is capable of delivering 2 MW of power at close to 90% efficiency. 

"We believe A123's H-APU product line addresses the demanding performance requirements of grid stabilization and offers an innovative solution for the utility industry.  When fully deployed in 2009, we believe this will be the largest fleet of battery storage systems in operation on the electric grid," said Dave Vieau, Chief Executive Officer of A123 Systems.

The Hybrid Ancillary Power Unit energy storage system can serve two functions. First, A123's H-APU will absorb (charge) energy from the grid during times when the frequency or voltage is too high and inject (discharge) that energy back to the grid when it is too low.  A123's H-APU is expected to allow greater use of variable sources of energy such as wind and solar by rapidly absorbing or injecting energy as these sources vary. The H-APU is expected to provide variable service much faster than existing power plants responding in seconds rather than minutes.  And, because it is recycling energy already in the system, it will provide these services without unnecessary emissions. 

Second, the Hybrid Ancillary Power Units are designed to provide backup services by storing energy until it is needed by the grid in the event of a power plant or other asset failure. In some markets, the portion of thermal power plant capacity normally reserved for ancillary services to provide reserve capacity and frequency regulation services can be freed up to operate at a higher capacity and produce more electricity and associated revenue. 

"We believe fast-responding, high-efficiency energy storage systems, such as A123's H-APU, will make power systems more efficient and responsive.  This technology gives Independent System Operators' (ISOs) a powerful new tool to balance varying load with the increasingly varying supply created by renewable sources.  They also create an efficient, low-cost way for plants to meet reserve requirements," said Chris Shelton, President of AES Energy Storage, LLC.

AES is working with industry leaders to selectively deploy energy storage solutions to improve the capacity, responsiveness, and efficiency of its existing thermal, renewable, and distribution facilities.  As one of the world's largest global power companies, with operations in 29 countries, AES is comprised of a platform of more than 120 power facilities and 12 million distribution customers. 

Pending final approvals, the H-APU will be used to provide ancillary services for the California power market.  For more information on the A123 offering for utilities, visit www.a123systems.com.

About A123Systems

A123Systems develops and manufactures advanced lithium-ion batteries and battery systems for the transportation, electric grid services and portable power markets.  Founded in 2001 and headquartered in Massachusetts, A123 Systems' proprietary nanoscale electrode technology is built on initial developments from the Massachusetts Institute of Technology.  For additional information please visit www.a123systems.com.

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Press Releases

A123Systems Files Registration Statement for Initial Public Offering (archived)

Watertown, MA - August 08, 2008 - A123 Systems, Inc. announced today that it has filed a registration statement with the Securities and Exchange Commission relating to the proposed initial public offering of its common stock.

The joint book-running managers of the proposed offering will be Morgan Stanley & Co. Incorporated and Goldman Sachs & Co.  Merrill Lynch, Pierce, Fenner & Smith Incorporated will serve as co-lead manager, and Broadpoint Capital, Inc. and Lazard Capital Markets LLC will serve as co-managers.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective.  These securities may not be sold, nor may offers to buy be accepted prior to the time the registration statement becomes effective.  This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Once available, a preliminary prospectus relating to these securities may be obtained from Morgan Stanley & Co. Incorporated, Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, telephone: 866-718-1649 or by emailing prospectus@morganstanley.com and from Goldman Sachs & Co., Prospectus Department, 100 Burma Road, Jersey City, NJ 07035, telephone: 212-902-1171, facsimile: 212-902-9316 or by emailing prospectus-ny@ny.email.gs.com 

About A123Systems

A123Systems develops and manufactures advanced lithium-ion batteries and battery systems for the transportation, electric grid services and portable power markets.  Founded in 2001 and headquartered in Massachusetts, A123Systems' patented Nanophosphate^TM technology includes nanoscale materials initially developed at and exclusively licensed from the Massachusetts Institute of Technology.

 

Edelman

Eric Jones 212-819-4862

eric.jones@edelman.com 

press@a123systems.com 

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Press Releases

A123Systems Begins Taking Consumer Orders for its Hymotion™ L5 Plug-in Conversion Modules (archived)

Starting Today, A123Systems will Accept Consumer Deposits for Plug-in Conversion Modules Capable of Increasing Fuel Economy to More Than 100 Miles Per Gallon and Reducing CO₂ Emissions by more than 50%

Watertown, Mass. – April 28, 2008 – A123Systems, developer and producer of Nanophosphate™ lithium ion batteries, today announced the launch of its Hymotion product line’s new Web site, www.hymotion.com, designed to provide information and take orders from individuals interested in purchasing the L5 Plug-in Conversion Module (PCM) for the Toyota Prius.  A123Systems also continues to sell  Hymotion Plug-in Conversion Modules to fleet and government buyers, with more than 50 vehicles currently on the road in corporate and government demonstration programs.

A123Systems’ Hymotion product line is the  only fully tested PCM that meets or exceeds federal requirements for crash-worthiness and emissions.  Based on independent testing performed at Argonne National Labs as well as Idaho National Labs, the L5 PCM will enable a Toyota Prius to obtain fuel economies of more than 100 miles per gallon.  

A123Systems is in the process of developing and certifying a nationwide dealer network for the Hymotion product line, beginning with Hymotion dealerships in Seattle, San Francisco, Los Angeles, Minneapolis, Boston and Washington, D.C.  In an important step for broad acceptance, A123 has been working with the California Air Resources Board (CARB) and has outlined a path for conditional approval from CARB to sell up to 500 conversion modules in the state of California to begin its consumer launch.

“This long-anticipated announcement is celebrated not only by us as the culmination of years of hard work, but by many who are eager to dramatically lower emissions and free themselves from dependence on petroleum,” said Dave Vieau, CEO of A123Systems. “Today, we begin a process that could conceivably change the environmental, economic and political implications of driving a car for the better.”

According to the Electric Power Research Institute (EPRI), half of the cars in the U.S. are driven just 25 miles a day or less.  With an average electrically assisted driving range of 30-40 miles, a Toyota Prius equipped with a Hymotion L5 module charged overnight via a standard 120 volt outlet will, for most drivers, significantly reduce the amount of petroleum consumed and CO₂ emitted.  An L5 charged from the average national blend of electricity results in a 50 percent or greater reduction in overall “well-to-wheel” CO₂ emissions compared to a traditional gas-powered vehicle.  The L5 module is also environmentally friendly and fully recyclable, containing no heavy metals or toxic chemicals.

Plug-in Conversion Modules will be available for owners of Toyota Priuses, model year 2004 to 2008.  At an installed cost of $9995 plus shipping, buyers can choose a certified Hymotion dealer for conversion of their hybrid vehicles.  Installations for consumers are expected to begin in July,2008. 

About A123Systems

A123Systems is one of the world’s leading suppliers of high-power lithium ion batteries. The company’s patent pending Nanophosphate™ technology enables its batteries to deliver a previously unavailable combination of power, safety and life.  Applicable to a wide range of industries, A123Systems’ products remove many traditional technology constraints to provide OEMs expanded flexibility in system design.  With world-class expertise and management, global manufacturing operations and one of the largest automotive lithium ion R&D teams, A123Systems’ and its Automotive Class Lithium Ion™ products are helping to accelerate platform electrification.  Founded in 2001 and headquartered in Massachusetts, A123Systems’ proprietary nanoscale electrode technology is built on initial developments from the Massachusetts Institute of Technology.  A123Systems' Advanced Research & Government Solutions Division in Ann Arbor, Michigan is nationally recognized for new materials development and cutting-edge research.  For additional information please visit www.a123systems.com.

About our Hymotion™ Product Line

A123Systems’ Hymotion product line bridges the current HEV-PHEV gap by enabling thousands of existing hybrids on the road to reach their full green potential through conversion to plug-in hybrids. Our Hymotion product line was developed by automotive industry veterans who set out to design advanced green transportation systems that improve upon existing vehicles and can be used by consumers today.

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Press Releases

A123Systems Signs Production Contract for Think Electric Vehicles (archived)

GENEVA and WASHINGTON - March 5, 2008 - GE (NYSE: GE) announced it is ramping up its efforts to enable global electrification of transportation by investing in Norwegian electric car manufacturer Think, which unveiled a five-seat crossover concept car in Geneva today. To power its vehicles, Think has signed a commercial supply agreement with lithium-ion battery manufacturer A123Systems. GE is in a unique position to help both companies commercialize technology to make electric transportation practical and affordable.

Think presented its investment relationship with GE in Geneva at the 78th International Motor Show, where it unveiled a new platform concept for larger electric vehicles: The crossover TH!NK O_x is an electric five-seat car close to the size of a sport utility vehicle but lighter and more aerodynamic. Also in Geneva, the company launched to the market the TH!NK City, a plug-in electric car with over 100 miles range.

GE announced its electric transportation investments at the Washington International Renewable Energy Conference. The commercial supply agreement with A123Systems provides Think with patented Nanophosphate^TM lithium-ion batteries for the TH!NK City, now in production at the company's factory in Norway. Think is delivering its first cars in Norway, with international sales to follow later in the year.

A123 is now drawing on the research and technology development expertise of GE Global Research in Niskayuna, New York. The joint research will support A123's battery development, including batteries for Think's vehicles.

GE Energy Financial Services announced it has invested in A123Systems to help the company roll out batteries for Think. GE is now A123's largest cash investor, having put more than US $20 million into the company. In addition, GE disclosed it has invested US $4 million in Think Global, the Norwegian holding company that makes the electric cars. The investments were made by GE Energy Financial Services' recently expanded seven-member venture capital group -- with offices in Stamford, CT, San Francisco, and Munich, Germany. That group has invested nearly US $100 million in 12 companies during the last 18 months.

GE Energy Financial Services and GE Global Research are backing electrification developments in the transportation sector. This is part of GE's ecomagination^SM initiative, the company's commitment to help its customers meet their environmental challenges while expanding its own portfolio of cleaner energy products.

"Our work with A123 and Think taps GE's unique combination of venture capital, engineering, process and commercial expertise to help burgeoning, next generation technology companies bring their innovative products to market," said Kevin Walsh, Managing Director and leader of renewable energy investing at GE Energy Financial Services.

Added Mark Little, Senior Vice President and Director of GE Global Research: "Our researchers are improving energy storage and conversion technology as the key enabler of our founder Thomas Edison's vision of electricity as a viable propulsion system for vehicles, ranging from automobiles to industrial vehicles and locomotives."

A123Systems' President and CEO David Vieau commented: "The GE Global Research Center has been working with A123 on the development of safe and reliable battery-powered transportation, and this has allowed us to accelerate delivery of advanced battery solutions to Think. Our newest collaboration with Think helps us achieve the large-scale production of batteries and integrate them into commercially available electric vehicles."

Speaking at the Geneva auto show, Think CEO Jan-Olaf Willums said: "We see many important opportunities emerging from our new relationship with GE. This relationship will help Think - the manufacturer of the first highway-approved electric car in mass production - to stay at the forefront of electric vehicle technology."

GE's research includes a US $5.6 million US Energy Department contract to develop smaller, lower cost, higher performing hybrid drivetrain motors for hybrid electric vehicles. In addition, GE is working on a US $1.2 million project to develop advanced high temperature, high energy density capacitors. GE researchers are also engaged in a US $13 million project with the US Federal Transit Administration and other industrial partners to build a prototype lightweight, battery-dominant zero emissions hybrid fuel cell bus.

 

About GE Global Research

GE Global Research was the first industrial research lab in the United States and is one of the world's most diversified research centers, providing innovative technology for all of GE's businesses. Global Research has been the cornerstone of GE technology for more than 100 years, developing breakthrough innovations in areas such as medical imaging, energy generation, jet engines, advanced materials and lighting. GE Global Research is headquartered in Niskayuna, New York and has facilities in Bangalore, India; Shanghai, China; and Munich, Germany. Visit GE Global Research at www.ge.com/research.

 

About GE Energy Financial Services

GE Energy Financial Services' 350 experts invest globally with a long-term view, backed by the best of GE's technical know-how and financial strength, across the capital spectrum and the energy and water industries, to help their customers and GE grow. With US $17 billion in assets, GE Energy Financial Services, based in Stamford, Connecticut, invests more than US $5 billion annually in two of the world's most capital-intensive industries, energy and water. More information: www.geenergyfinancialservices.com.

 

About GE

GE (NYSE: GE) is Imagination at Work -- a diversified technology, media and financial services company focused on solving some of the world's toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and advanced materials, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit the company's Web site at www.ge.com.

 

About THINK

Think designs, develops, manufactures and markets environmentally friendly vehicles and technologies. The company has more than 17 years of experience in developing and producing electric vehicles. Today, 1,200 TH!NKs are driving on Norwegian roads. The new TH!NK City is a fifth-generation electric vehicle assembled in Norway. Series production of the TH!NK City car started late last year and the first cars will be delivered to Norwegian customers. At the Geneva Show, it announced the TH!NK City's launch in selected markets in Europe later this year. The capacity of its first assembly plant in Aurskog, outside Oslo, is presently being increased to 10,000 cars per year, which Think expects to reach during 2009. Strong owners with visions and resources want to make Think the "car company of the 21^st century." For more info: www.think.no.

 

About A123Systems

A123Systems is one of the world’s leading suppliers of high-power lithium ion batteries. The company’s patent pending Nanophosphate™ technology enables its batteries to deliver a previously unavailable combination of power, safety and life.  Applicable to a wide range of industries, A123Systems’ products remove many traditional technology constraints to provide OEMs expanded flexibility in system design.  With world-class expertise and management, global manufacturing operations and one of the largest automotive lithium ion R&D teams, A123Systems’ and its Automotive Class Lithium Ion™ products are helping to accelerate platform electrification.  Founded in 2001 and headquartered in Massachusetts, A123Systems’ proprietary nanoscale electrode technology is built on initial developments from the Massachusetts Institute of Technology.  A123Systems' Advanced Research & Government Solutions Division in Ann Arbor, Michigan is nationally recognized for new materials development and cutting-edge research.  For additional information please visit www.a123systems.com.

 

Contact:

Andy Katell, GE Energy Financial Services

+1-203-961-5773

 

Todd Alhart, GE Global Research

+1-518-387-7914

lhart@research.ge.com

 

Elizabeth Ames

+1-617-778-5594

press@a123systems.com

 

Ingvil Ladehaug, THINK Global

47 95 75 70 71

ila@think.no

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Press Releases

A123Systems Announces Patent Issuance for Nanophosphate™ Lithium Ion Battery Technology (archived)

Innovative Materials Development Enables New Generation of Products

Watertown, Mass. –  March 4, 2008 – A123Systems, developer and producer of Nanophosphate™ lithium ion batteries, today announced that U.S. patent 7,338,734 entitled “Conductive Lithium Storage Electrode” has been granted, adding to one of the industry’s most comprehensive high-power lithium ion patent portfolios.  This landmark patent protects A123’s unique Nanophosphate battery technology, which offers an advanced combination of power, safety and life. 

The capabilities of the Nanophosphate system have enabled a new class of lithium ion battery applications, thus spurring development of next-generation products in a variety of industries.  The application of Nanophosphate technology was introduced in DeWalt and Black and Decker power tool lines, which established a new level of portable power tool performance.  The technology is now enabling the use of lithium ion batteries in automotive applications, such as hybrid (HEV), plug-in hybrid (PHEV), extended-range (E-REV), and pure electric vehicles (EV).

“A growing number of companies have now recognized the many advantages of A123’s Nanophosphate batteries and have developed products around their capabilities,” said Dave Vieau, CEO of A123Systems. “The award of this patent from the U.S. Patent and Trademark Office is recognition of the leading-edge innovation on which our batteries are based.”

A123Systems has filed over 160 US and international patents and has raised $148 million to develop the Nanophosphate technology since its discovery at MIT.  To commercialize the technology and develop new products, the company has grown to over 850 employees globally, with facilities in Massachusetts, Michigan, Canada, China, and Korea.

Bart Riley, CTO and Vice President of R&D, added, “This key patent recognizes the seminal work at MIT that was the foundation of A123.  Our current team of 191 engineers and 58 scientists will continue to innovate and push the boundaries of energy storage technology strengthening our position in the industry.”

 

About A123Systems

A123Systems is one of the world’s leading suppliers of high-power lithium ion batteries. The company’s patent pending Nanophosphate™ technology enables its batteries to deliver a previously unavailable combination of power, safety and life.  Applicable to a wide range of industries, A123Systems’ products remove many traditional technology constraints to provide OEMs expanded flexibility in system design.  With world-class expertise and management, global manufacturing operations and one of the largest automotive lithium ion R&D teams, A123Systems’ and its Automotive Class Lithium Ion™ products are helping to accelerate platform electrification.  Founded in 2001 and headquartered in Massachusetts, A123Systems’ proprietary nanoscale electrode technology is built on initial developments from the Massachusetts Institute of Technology.  A123Systems' Advanced Research & Government Solutions Division in Ann Arbor, Michigan is nationally recognized for new materials development and cutting-edge research.  For additional information please visit www.a123systems.com.

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Press Releases

A123Systems Appoints Robert Johnson as Vice President and General Manager (archived)

Former Senior Vice President, President North America of $3 Billion American Power Conversion to Spearhead Group’s Efforts in High Value Markets

Watertown, Mass. –  January 22, 2008 – A123Systems, developer and producer of patent-pending Nanophosphate™ lithium ion batteries, today announced the formation of its Energy Solutions Group (ESG).  Robert Johnson will join A123Systems as VP of and GM of ESG, leaving his role as Senior Vice President, President North America at APC-MGE, a $3 billion in revenue global provider of critical power and cooling services.

ESG will be in charge of the design and development of advanced energy systems including stationary energy storage solutions that improve and enhance the efficiency of the electric grid in order to address the growing demand for alternative energy generation, in an effort to reduce CO2 emissions and meet renewable portfolio standards.  The group will also oversee all lithium ion solutions for heavy duty, rail and mass transit applications as well as battery solutions for engine start in aviation.  Additionally, ESG will supervise the company’s aftermarket lithium ion products designed to improve fuel economy such as the acclaimed Hymotion battery range extender modules planned for launch this spring. 

A123Systems’ growing portfolio of power tool and passenger automotive lithium ion products will continue to be distributed through the company’s existing value added channels and partners.

“The formation of the Energy Solutions Group enables us to continue our strategy of developing game changing technology by creating a strong, centralized group that will manage some of our most cutting edge product offerings,” said David Vieau, CEO and President of A123Systems.  “We are excited to have Rob join our fast growing company.”

As Senior Vice President, President North America at APC-MGE, Johnson led all North American operations.  Prior to the formation of APC-MGE, resulting from the Schneider Electric acquisition of American Power Conversion Corporation (APC), Johnson served as President and CEO of APC.  In his new role at A123Systems, he will report directly to President and CEO David Vieau, with whom he worked at APC.  Johnson will be joined by Bud Collins, formerly Vice President of Packs and Systems at A123Systems, who will serve as Vice President of Engineering.

“A123Systems’ battery technology is changing every industry in which it is introduced, making this a thrilling time to join and lead efforts for all of the company’s integrated systems,” explained Johnson.  “Having worked with Dave and Bud in the past, I know that I have joined a strong team of innovators striving to bring superior products to market and I look forward to continuing that tradition in my new role.”

Products already under development that will continue under the ESG umbrella include the large integrated energy storage solutions that power the BAE Systems’ HybriDrive® Propulsion System for use in the 2008 and future models of the Daimler Orion VII, the world’s number one selling hybrid transit bus, as well as advanced stationary solutions and aftermarket automotive products such as the Hymotion L5 module, a battery range extender module scheduled for commercial launch this spring.

“While A123Systems is already the world’s largest manufacturer of high power Nanophosphate lithium ion cells, with the creation of this new division we are enhancing our capabilities in order to meet and exceed our customers’ needs,” added Vieau.

About A123Systems

A123Systems is one of the world’s leading suppliers of high-power lithium ion batteries. The company’s patent pending Nanophosphate™ technology enables its batteries to deliver a previously unavailable combination of power, safety and life.  Applicable to a wide range of industries, A123Systems’ products remove many traditional technology constraints to provide OEMs expanded flexibility in system design.  With world-class expertise and management, global manufacturing operations and one of the largest automotive lithium ion R&D teams, A123Systems’ and its Automotive Class Lithium Ion™ products are helping to accelerate platform electrification.  Founded in 2001 and headquartered in Massachusetts, A123Systems’ proprietary nanoscale electrode technology is built on initial developments from the Massachusetts Institute of Technology.  A123Systems' Advanced Research & Government Solutions Division in Ann Arbor, Michigan is nationally recognized for new materials development and cutting-edge research.  For additional information please visit www.a123systems.com.Back to Press Releases

Press Releases

A123Systems Receives $30 Million Investment to Support Scale Up and Recent Contract Awards in the Automotive and Powertool market (archived)

Nanophosphate™ Lithium Ion Batteries Uniquely Applicable to Aviation Industry Offering Lighter Weight and Fuel Savings for Jet Engine Start and Auxiliary Power Unit Start Applications

A123Systems will use these funds to increase production capacity for new contract awards for hybrid electric, plug-in hybrid electric and extended range electric vehicle design wins with major automakers including a contract to co-develop proprietary cells for the GM E-FLEX program. A123Systems continues to expand its fast growing power tool battery business with Black & Decker Corporation, the world’s largest manufacturer of cordless tools, where the company is helping drive the transition from nickel technology to doped nanophosphate lithium-ion technology.

Demand for the company’s products has grown significantly in the past year and has recently opened for business its new, state of the art, manufacturing site for the company’s Automotive Class Lithium Ion batteries.

“We continue to scale our production-proven and cost-effective designs to meet demand as we expand our presence in the automotive, aviation and hand-held power tools markets.” said David Vieau, CEO and President of A123Systems. “We have vertically integrated production from key raw materials to finished cells, incorporating best practices at every level to deliver high quality products with superior performance” added Vieau.

In addition to its leading edge lithium ion manufacturing technology, the new site was built to support TS-16949 quality systems and is designed for large scale handling of nano-materials, advanced particle control equipment and clean room environments needed to support the stringent manufacturing and quality requirements of the Automotive market.

“Our investment reaffirms the commitment we first made to A123 by leading its $40 million equity fundraising in January,” said Kevin Walsh, Managing Director of renewable energy at GE Energy Financial Services. “This relationship is a key example of our efforts to support expansion-stage companies and projects in clean energy and water technology, as well as efficiency initiatives, through venture equity investing.”

“Our investment in A123Systems is based on their unique expertise in Nanophosphate based lithium ion technology to provide a better energy storage sources for vehicles, aircraft, tools and other demanding applications,” said James Kim, partner with CMEA Ventures. “Leading companies are taking advantage of A123Systems technology to enhance their products, and the company's the company management has done an excellent job of bringing the technology to market. We look forward to helping the company reach its full potential.”

Investors in the company include General Electric, Procter & Gamble, Alliance Capital, Motorola, Qualcomm, North Bridge Venture Partners, Sequoia Capital, CMEA Ventures, FA Technology Ventures, OnPoint, Carruth Management, the Massachusetts Institute of Technology and Desh Deshpande, the company’s board chairman.

About A123Systems

A123Systems is one of the world’s leading suppliers of high-power lithium ion batteries. The company’s patent pending Nanophosphate™ technology enables its batteries to deliver a previously unavailable combination of power, safety and life.  Applicable to a wide range of industries, A123Systems’ products remove many traditional technology constraints to provide OEMs expanded flexibility in system design.  With world-class expertise and management, global manufacturing operations and one of the largest automotive lithium ion R&D teams, A123Systems’ and its Automotive Class Lithium Ion™ products are helping to accelerate platform electrification.  Founded in 2001 and headquartered in Massachusetts, A123Systems’ proprietary nanoscale electrode technology is built on initial developments from the Massachusetts Institute of Technology.  A123Systems' Advanced Research & Government Solutions Division in Ann Arbor, Michigan is nationally recognized for new materials development and cutting-edge research.  For additional information please visit www.a123systems.com.

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Press Releases

A123Systems™ to Supply Lithium Ion Engine Start Batteries to Cessna Aircraft Company for Citation Fleet of Aircraft (archived)

Nanophosphate™ Lithium Ion Batteries Uniquely Applicable to Aviation Industry Offering Lighter Weight and Fuel Savings for Jet Engine Start and Auxiliary Power Unit Start Applications

Watertown, Mass. - September 19, 2007 - A123Systems, developer and producer of patent-pending Nanophosphate lithium ion batteries, today announced that it will supply Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, with a lithium ion engine start battery. Under the terms of the agreement, the batteries will be used in the Cessna Citation fleet of aircraft, Cessna’s business jet product line.

A123Systems’ battery technology is uniquely applicable to both commercial and very light jets (VLJs), bringing numerous benefits to jet engine start and auxiliary power unit (APU) start applications. With a significant weight reduction over existing aircraft batteries, the company’s lithium ion technology is intended to replace the currently used Lead Acid and NiCd batteries. A123Systems’ drop-in replacements are based on existing aircraft battery designs, allowing OEM aircraft manufacturers a clear path to a lithium ion solution. Inherently safer than other lithium ion chemistries, the batteries offer minimal maintenance over extended life.

“Teaming up with the world’s largest manufacturer of business jet aircraft enables us to quickly bring to market a viable, cost-effective long-term solution for the aviation industry,” said David Vieau, president and CEO of A123Systems. “This successful effort further validates the value our batteries offer to all modes of transportation including hybrid vehicles and aircraft.”

The battery packs have a central monitoring system for in-cockpit diagnostic reporting and integrated intelligent balancing circuitry. Additionally, the cells offer a wide range of operating temperatures to meet rigorous aviation requirements. Offering exceptional cycle and calendar life versus existing solutions, A123Systems’ battery technology requires fewer maintenance cycles, thus lowering overall ownership costs.

A123Systems is scheduled to deliver its aviation packs to Cessna late in the second quarter of 2008. The exact Citation airframes to use the lithium ion batteries from A123Systems are yet to be determined.

About A123Systems

A123Systems is one of the world’s leading suppliers of high-power lithium ion batteries. The company’s patent pending Nanophosphate™ technology enables its batteries to deliver a previously unavailable combination of power, safety and life.  Applicable to a wide range of industries, A123Systems’ products remove many traditional technology constraints to provide OEMs expanded flexibility in system design.  With world-class expertise and management, global manufacturing operations and one of the largest automotive lithium ion R&D teams, A123Systems’ and its Automotive Class Lithium Ion™ products are helping to accelerate platform electrification.  Founded in 2001 and headquartered in Massachusetts, A123Systems’ proprietary nanoscale electrode technology is built on initial developments from the Massachusetts Institute of Technology.  A123Systems' Advanced Research & Government Solutions Division in Ann Arbor, Michigan is nationally recognized for new materials development and cutting-edge research.  For additional information please visit www.a123systems.com.Back to Press Releases

Press Releases

GM and A123Systems to Co-Develop Lithium-Ion Battery Cell for Chevrolet Volt (archived)

Agreement Speeds Up Development of Chevy Volt's Innovative Propulsion System

Traverse City, MI. - August 9, 2007 - General Motors Corp. and A123Systems, Inc. will co-develop cells with A123System's nanophosphate battery chemistry for a long-lasting, safe and powerful battery for use in GM’s electric drive E-Flex system. The agreement is expected to expedite the development of the batteries for both electric plug-in vehicles and fuel cell variants of the E-Flex architecture.

"Breakthrough battery technology will drive future automotive propulsion, and the company that aligns with the best strategic partners will win. That’s what is so important about this deal,” said Bob Lutz, GM vice chairman of Global Product Development. “Whether you’re talking about the Chevy Volt, a fuel cell or even a plug-in hybrid such as our planned Saturn Vue, we need to understand the fundamental battery cell performance.”

The contract calls for A123Systems, of Watertown, Mass., to develop battery cells to meet the specific requirements of GM’s E-Flex system.  A123Systems is considered a forerunner in the development of nanophosphate-based cell technology, which, compared to other lithium-ion battery chemistries, provides higher power output, longer life and safer operations over the life of the battery.

The E-Flex electric vehicle architecture was first shown in the Chevy Volt concept car revealed earlier this year.  For average commuters driving 40 miles, the Chevy Volt will use zero gasoline and produce zero emissions and could nearly eliminate going to the gas station altogether.

"The Chevy Volt will lead the automotive industry in a new direction,” Lutz said. “We see a future where vehicles run on electricity and are equipped with clever ways of making electricity on board, making us less dependent on gasoline. It's the next great paradigm shift in our industry, an opportunity largely due to the rapid advancement in battery cell technology by companies such as A123Systems and LG Chem.”

Earlier this year, GM awarded two contracts for advanced development of battery packs, which require the integration of multiple battery cells, to Compact Power, Inc., a subsidiary of Korean battery manufacturer LG Chem, based in Troy, Mich.; and Frankfurt, Germany-based Continental Automotive Systems, a division of Continental A.G., a tier one automotive supplier.  Under these agreements, one contract was awarded to CPI, which will use battery cells developed by parent company LG Chem. A separate contract was issued to Continental, which will use the cells being co-developed by GM and A123Systems.

"A123Systems and LG Chem are both top-tier battery suppliers, with proven technologies,” said Denise Gray, director of GM's Energy Storage Devices and Strategies. "We’re confident one, or possibly both of these companies’ solutions will meet our battery requirements for the E-Flex system.”

Dave Vieau, A123System's chief executive officer, said this type of battery will be advantageous in other transportation industries as well.

“We’re talking today about the Volt and implications that it will have on the electrification of passenger vehicles, but the technology goes a lot further than that,” Vieau said. “The weight, size, safety and performance of these batteries have implications on all transportation, including hybrid buses, trucks and aircraft.”

A123Systems currently manufactures over ten million cells annually making it the world’s largest producer of batteries with nanophosphate chemistry.  Most of these cells are used in rechargeable power tools.

The co-development of this battery technology is the latest step in GM’s efforts to diversify the transportation away from petroleum with a range of alternatives. These include:

A diverse lineup of hybrid models is now in production, the GM diesel hybrid electric system for large city buses, the Saturn Vue and Saturn Aura Green Line hybrid models and the all-new Chevy Malibu hybrid. Coming this fall, the Chevrolet Tahoe and GMC Yukon Hybrid SUVs feature the world’s first 2-Mode hybrid system in an SUV, providing up to a 40-percent improvement in city driving fuel economy to what is already the industry’s most fuel-efficient full-size SUVs. Due next year is a front-wheel-drive 2-Mode hybrid Saturn Vue Green Line, with plans to make a plug-in version of the Vue that has the potential to achieve double the fuel efficiency of any current GM SUV.

GM is also a leading producer of E-85 capable bio-fuel vehicles, with more than two million on the road. Additionally, GM provides more vehicles that achieve 30 mpg highway than any other manufacturer in the U.S. market. GM is also the first automotive member to join the U.S. Climate Action Partnership (USCAP), a group of global companies and non-governmental organizations formed to support an economy-wide, market-driven approach to reducing carbon emissions.

# # #

About General Motors
General Motors Corp. (NYSE: GM), the world’s largest automaker, has been the annual global industry sales leader for 76 years. Founded in 1908, GM today employs about 280,000 people around the world.  With global headquarters in Detroit, GM manufactures its cars and trucks in 33 countries.  In 2006, nearly 9.1 million GM cars and trucks were sold globally under the following brands:  Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, HUMMER, Opel, Pontiac, Saab, Saturn and Vauxhall.  GM’s OnStar subsidiary is the industry leader in vehicle safety, security and information services.  More information on GM can be found at www.gm.com.

About A123Systems
A123Systems is one of the world’s leading suppliers of high-power lithium ion batteries. The company’s patent pending Nanophosphate™ technology enables its batteries to deliver a previously unavailable combination of power, safety and life.  Applicable to a wide range of industries, A123Systems’ products remove many traditional technology constraints to provide OEMs expanded flexibility in system design.  With world-class expertise and management, global manufacturing operations and one of the largest automotive lithium ion R&D teams, A123Systems’ and its Automotive Class Lithium Ion™ products are helping to accelerate platform electrification.  Founded in 2001 and headquartered in Massachusetts, A123Systems’ proprietary nanoscale electrode technology is built on initial developments from the Massachusetts Institute of Technology.  A123Systems' Advanced Research & Government Solutions Division in Ann Arbor, Michigan is nationally recognized for new materials development and cutting-edge research.  For additional information please visit www.a123systems.com.

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Press Releases

A123Systems Is Selected As Battery Supplier For BAE Systems’ Hybrid Propulsion System Which Powers The Leading Series Hybrid Bus Supplier in North America (archived)

High-Power, Low-Weight Automotive Class Lithium Ion™ Battery Technology to Power HybriDrive® Propulsion System

Watertown, Mass. - May 17, 2007 - A123Systems, developer and producer of state-of-the-art Automotive Class Lithium Ion™ batteries, today announced that starting in early 2008, BAE Systems will be offering A123Systems’ lithium ion battery technology as part of its HybriDrive® propulsion system. BAE Systems’ HybriDrive propulsion system is available on the DaimlerChrysler Orion VII hybrid transit bus. The system is in use in three of the four largest hybrid bus fleets in the world today. The next-generation HybriDrive system featuring A123Systems batteries will be available for commercial buses beginning in 2008.

‘By introducing lithium-ion technology to the transit industry, BAE Systems is continuing its nearly decade-long commitment to providing clean and efficient hybrid propulsion,‘ said Hank McGlynn, Vice President of Vehicle Systems for BAE Systems in Johnson City, New York. ‘Our lithium ion energy storage system offers better value through longer life, improved performance, and reduced maintenance. It sets a new industry benchmark.”

A123Systems is designing and building turnkey energy storage systems (ESS) specifically for BAE Systems. Built on A123Systems’ Nanophosphate™ chemistry, these packs comprise a power boost component which provides higher specific power, lighter weight and smaller overall volume than the existing battery packs, resulting in a more robust ESS that further reduces emissions in heavy-duty applications. The company’s batteries are significantly smaller and lighter than the previous generation ESS technology typically used in this market and are designed to withstand the heavy duty environments typical of an urban bus drive cycle.

‘Our Nanophosphate cells offer a marked performance improvement in power, calendar and cycle life over other battery technologies available today and address the durability and safety required for automotive use,’ said David Vieau, president and CEO of A123Systems. ‘Being selected by the #1 selling heavy duty hybrid propulsion system manufacturer in this fast-growing market is further validation that our battery packs are helping bring hybrid vehicles into the mainstream.’

A123Systems’ Nanophosphate chemistry has been developed with the assistance of the Department of Energy Freedom Car program and is a result of more than $102 million in private investment. With performance validated by various National Labs and automakers, the A123Systems doped Nanophosphate batteries achieve the superior durability and safety required for automotive use of lithium ion technology.

About A123Systems
A123Systems is one of the world’s leading suppliers of high-power lithium ion batteries. The company’s patent pending Nanophosphate™ technology enables its batteries to deliver a previously unavailable combination of power, safety and life.  Applicable to a wide range of industries, A123Systems’ products remove many traditional technology constraints to provide OEMs expanded flexibility in system design.  With world-class expertise and management, global manufacturing operations and one of the largest automotive lithium ion R&D teams, A123Systems’ and its Automotive Class Lithium Ion™ products are helping to accelerate platform electrification.  Founded in 2001 and headquartered in Massachusetts, A123Systems’ proprietary nanoscale electrode technology is built on initial developments from the Massachusetts Institute of Technology.  A123Systems' Advanced Research & Government Solutions Division in Ann Arbor, Michigan is nationally recognized for new materials development and cutting-edge research.  For additional information please visit www.a123systems.com.

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Press Releases

A123Systems Introduces 32-Series Automotive Class Lithium Ion™ Application-Specific Cells at the Advanced Automotive Battery Conference (archived)

Cells Optimized for Use in Hybrid and Plug-In Hybrid Applications Offer Industry-Leading Price-Performance

Long Beach, Calif. - Advanced Automotive Battery Conference (AABC) - May 16, 2007 - A123Systems, developer and producer of state-of-the-art Automotive Class Lithium Ion batteries, today introduced its 32-series cells, specifically designed for Hybrid Electric Vehicle (HEV) and Plug-in Hybrid Electric Vehicle (PHEV) use. These batteries provide unprecedented specific power, safety and abuse-tolerance and leverage the company’s existing low-cost, high-volume manufacturing techniques to offer the electric drive industry a new level of price-performance.

A123Systems’ 32-series lineup is currently comprised of two cells with custom Nanophosphate™ electrode designs, based on the same proven chemistry as the mass produced ANR26650M1 cell: the 32113 M1Ultra and 32157 M1HD.

The 32113 M1Ultra high power cells are optimized to offer industry leading power by volume and cost-per-watt. Designed to meet the rigorous requirements of HEV applications, the 32113 is currently designed into A123Systems’ programs with major U.S. and European auto manufacturers. The 32157 M1HD cell uses a higher energy electrode design, geared specifically for PHEVs, and offers greater volumetric energy density and the lowest cost per watt-hour. Currently used in a Saturn Vue PHEV development program, the 32157 offers superior calendar and cycle life at high depth-of-discharge (DOD), as well as excellent power density for charge-sustaining operation.

Unlike conventional lithium ion cells that compromise critical parameters to meet system requirements, A123Systems’ Automotive Class Lithium Ion cells are optimized to offer power, safety and life, all at price-performance targets that enable the industry. Wide power availability over a broad range of state-of-charge as well as exceptional endurance implies that systems with both cells require minimal oversizing, allowing for lower overall systems cost.

"Our 32-series cells provide high performance and abuse-tolerance unmatched by any other lithium ion battery chemistry," said David Vieau, president and CEO, A123Systems. "By making it possible for manufacturers to design HEVs and PHEVs with attractive performance, reliability and safety as well as an overall lower systems cost, we are able to play a significant role in speeding the market’s acceptance of highly fuel efficient vehicles."

Critical to the adoption of lithium ion batteries in automotive applications, the 32-series cells are designed with abuse-tolerance in mind. A123Systems’ Automotive Class Lithium Ion cells take advantage of lessons learned from the mass-production of ANR26650M1 cells in order to deliver 10+ year and 150,000 mile projected life requirements in engineered automotive battery packs.

A123Systems’ Nanophosphate chemistry has been developed with the assistance of the Department of Energy FreedomCAR program and is a result of more than $102 million in private investment. With performance validated by various national labs and leading automotive OEMs, the A123Systems doped Nanophosphate batteries achieve the superior durability and safety required for automotive use of lithium ion technology.

About A123Systems
A123Systems is one of the world’s leading suppliers of high-power lithium ion batteries. The company’s patent pending Nanophosphate™ technology enables its batteries to deliver a previously unavailable combination of power, safety and life.  Applicable to a wide range of industries, A123Systems’ products remove many traditional technology constraints to provide OEMs expanded flexibility in system design.  With world-class expertise and management, global manufacturing operations and one of the largest automotive lithium ion R&D teams, A123Systems’ and its Automotive Class Lithium Ion™ products are helping to accelerate platform electrification.  Founded in 2001 and headquartered in Massachusetts, A123Systems’ proprietary nanoscale electrode technology is built on initial developments from the Massachusetts Institute of Technology.  A123Systems' Advanced Research & Government Solutions Division in Ann Arbor, Michigan is nationally recognized for new materials development and cutting-edge research.  For additional information please visit www.a123systems.com.

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Press Releases

A123Systems Acquires Hymotion (archived)

Transaction combines Automotive Class Lithium Ion™ technology with vehicle-level power-engineering experience to address the needs of the growing aftermarket demand for plug-in hybrid modules

Watertown, Mass. – May 3, 2007 – A123Systems today announced that it has completed the acquisition of Hymotion, Inc., the leading fabricator of aftermarket plug-in hybrid modules. These Battery Range Extender Modules (BREMs) can be easily installed in the spare tire well of most hybrid vehicles, enabling current production models to become Plug-in Hybrid Electric Vehicles (PHEVs) capable of achieving 100 or more miles per gallon. Converted PHEVs have the potential to reduce oil consumption by as much as 75 percent and CO2 emissions by up to 50 percent over today’s internal combustion engine powered vehicles.

“With 5 million hybrids expected on the road by the end of 2010, we feel there is a significant opportunity for an interim aftermarket solution allowing consumers to experience the oil and CO2 reduction benefits that PHEV upgraded vehicles provide,” said David Vieau, President and CEO.

The Hymotion acquisition provides A123Systems access to critical early IP on Plug-in Hybrid systems technology as well as valuable experience with engineering BREMs using A123Systems’ Automotive Class Lithium Ion batteries. Terms were not disclosed.

“The fleet market has been an important testing ground for PHEVs” said Ricardo Bazzarella, Co-founder and President of Hymotion. “The Hymotion systems will continue to be available to the growing fleet market. Over the coming months we will work to reduce delivery times to fleets by standardizing packaging and in anticipation of having a consumer ready system for 2008 introduction.“

“BREM technology is the near-term answer for plug-in hybrid vehicle technology and, thanks to recent joint contracts with NYSERDA and the South Coast AQMD, no company had nearly as much real-world data on engineering aftermarket modules with A123Systems’ batteries as Hymotion,” said Akos Toth, Co-Founder and Director of Engineering of Hymotion. “Joining forces with A123Systems enables us to more efficiently address demand for plug-in hybrid electric vehicles today.”

The Hymotion team has a deep history in the alternative fuel and heavy duty vehicle segments, bringing critical integration and design experience to the group. This valuable experience includes work with OEMs such as Daimler-Chrysler and BMW, as well as heavy duty manufacturer Orion Bus Industries, and alternative fuels companies, Hydrogenics and Quantum Technologies.

The A123Systems Nanophosphate™ cells are next-generation lithium-ion batteries designed for exceptional power, safety and life. A123System’s Automotive Class Lithium Ion cells have been optimized specifically for use in HEV and PHEV applications.

About Hymotion

Hymotion, the Canadian subsidiary of A213Systems, is the leading provider of aftermarket plug-in hybrid conversions with their Battery Range Extender Modules (BREMs).  Hymotion brings over ten years of experience in the alternative trasnprtation industry. As a green technology compnay, their missions is to enable hybrid owners to maximize the fuel efficiency of their vehilces and minimize their carbon footprint.  Hymotion's BREMs are powered by A123Systems' batteries.  For additional information please visit ww.hymotion.com.

About A123Systems
A123Systems is one of the world’s leading suppliers of high-power lithium ion batteries. The company’s patent pending Nanophosphate™ technology enables its batteries to deliver a previously unavailable combination of power, safety and life.  Applicable to a wide range of industries, A123Systems’ products remove many traditional technology constraints to provide OEMs expanded flexibility in system design.  With world-class expertise and management, global manufacturing operations and one of the largest automotive lithium ion R&D teams, A123Systems’ and its Automotive Class Lithium Ion™ products are helping to accelerate platform electrification.  Founded in 2001 and headquartered in Massachusetts, A123Systems’ proprietary nanoscale electrode technology is built on initial developments from the Massachusetts Institute of Technology.  A123Systems' Advanced Research & Government Solutions Division in Ann Arbor, Michigan is nationally recognized for new materials development and cutting-edge research.  For additional information please visit www.a123systems.com.

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Press Releases

President Bush Meets with A123Systems’ CEO to Discuss Advanced Batteries for Plug-In Hybrids Capable of Over 150 MPG (archived)

Priority Lithium Ion R&D with Automakers and DOE Needed to Support Mass Produced Plug-In Hybrids Should Be Augmented by New Standardized Modules Enabling Today's Hybrids to Become Plug-Ins with a Significant and Earlier Improvement in Mileage Efficiency

Watertown, Mass. - February 26, 2007 - A123Systems of Boston, Massachusetts, developer and marketer of state-of-the-art lithium ion batteries, announced today that their CEO, David Vieau, met with President George W. Bush and Energy Secretary Samuel Bodman at the White House on Friday to inspect a prototype Battery Range Extender Module that can be easily installed in the spare tire well of most hybrid vehicles, enabling these current production models to become plug-in hybrids capable of achieving 150 or more miles per gallon.

Several companies are marketing such modules using A123Systems' battery cells. Testing at DOE's Argonne National Labs has confirmed the effectiveness in an existing hybrid of such range extension battery modules. By year’s end, there will be over 500,000 hybrids on US roads, with over 4 million vehicles expected by the end of the decade that could benefit from these modules.

"A123Systems top priority is to work with automakers, including GM on the Saturn VUE Plug-In Hybrid program. We are also working closely with the DOE in their continuing support for more intensive research, to the end of further reducing the weight and cost of larger cells, which will be critical to the mass production of OEM plug-in hybrids," Vieau observed.

"Every new and converted plug-in hybrid has the potential to reduce oil consumption for that vehicle by as much as 75% and emissions by up to 50% in pursuit of the President's goal to reduce oil imports by 20% before 2017," said Vieau. "The President was very interested in talking about the additional research dollars and consumer incentives that would start putting meaningful numbers of plug-in hybrids on the road as soon as possible," he added.

"In the meantime, introducing the American public to the dramatic efficiency potential of the battery progress we have already made could kick start our national energy savings while providing invaluable experience and data for accelerating the essential transition from foreign oil to an ever cleaner electricity grid," Vieau noted.

A123Systems is also working with NYSERDA on a program that could put as many as 600 Plug-In Hybrids on the road using such range extender modules. Several other states are proposing similar fleet programs. In helping make such plug-in modules available to the greatest number of fleets and consumers, A123Systems will emphasize standardized, mass produced and fully tested installations which, unlike other custom conversions, require no modification of existing software or battery systems, and minimal installation time.

 

 

A123Systems CEO shows standardized, easy to install PHEV module to President Bush and Secretary Bodman at the White House

 
A123Systems also recently announced it will work with GE to develop systems for the hybrid bus market and recently received a $15 million development contract for next generation HEV batteries from the U.S. Department of Energy and the United States Advanced Battery Consortium (USABC), an organization composed of DaimlerChrysler Corporation, Ford Motor Company and General Motors Corporation.

About A123Systems
A123Systems is one of the world’s leading suppliers of high-power lithium ion batteries. The company’s patent pending Nanophosphate™ technology enables its batteries to deliver a previously unavailable combination of power, safety and life.  Applicable to a wide range of industries, A123Systems’ products remove many traditional technology constraints to provide OEMs expanded flexibility in system design.  With world-class expertise and management, global manufacturing operations and one of the largest automotive lithium ion R&D teams, A123Systems’ and its Automotive Class Lithium Ion™ products are helping to accelerate platform electrification.  Founded in 2001 and headquartered in Massachusetts, A123Systems’ proprietary nanoscale electrode technology is built on initial developments from the Massachusetts Institute of Technology.  A123Systems' Advanced Research & Government Solutions Division in Ann Arbor, Michigan is nationally recognized for new materials development and cutting-edge research.  For additional information please visit www.a123systems.com.

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Press Releases

A123Systems Receives $40 Million Investment to Expand Product Portfolio and Scale Manufacturing of Hybrid and Plug-In Hybrid Batteries (archived)

Procter & Gamble's Duracell and A123Systems Collaborate on Future Products

Watertown, Mass. - January 25, 2007 - A123Systems, one of the world’s leading suppliers of high-power lithium-ion batteries, today announced it has completed a $40 million round of funding, bringing the total capital invested in the company to $102 million.

A123Systems will use these funds to scale its technology development and manufacturing capacity for plug-in hybrid electric vehicle (PHEV) batteries, as well as to support the fast growing demand in the power tool, hybrid electric vehicle (HEV) and consumer applications markets.

“As our doped nanophosphate technology continues to deliver superior power, safety and life, we’re experiencing tremendous growth and interest from companies across a vast array of industries looking to innovate new and existing products,” said David Vieau, CEO and President of A123Systems.

This latest round was led by General Electric Commercial Finance which is significantly increasing its investment in A123Systems. Also participating is new investor The Procter & Gamble Company (NYSE: PG), the world’s leading consumer goods company and a leading manufacturer of consumer batteries through its brand Duracell; prior investors are also participating including Alliance Capital, FA Technology Ventures, North Bridge Venture Partners, Sequoia Capital, OnPoint, the Massachusetts Institute of Technology, Motorola, Qualcomm, and Desh Deshpande, the company’s board chairman.

“As the worldwide leader in the battery category, we constantly evaluate emerging technology for its potential to deliver benefits to consumers,” said Mark Bertolami, VP, Global Marketing and General Manager, North America, Duracell. “Our investment in A123Systems coupled with our companies’ joint development activities is intended to further strengthen Duracell’s position in the consumer portable power space. This move also reinforces P&G’s commitment to partner with innovative companies to gain access to new technologies.”

“A123Systems has met or surpassed its key development and performance milestones” said James Kim, Vice President, GE Global Media & Communications. “The company’s latest wins - focused on Plug-In Hybrid and Hybrid Electric Vehicles - are particularly exciting given current global environmental challenges.” added Mark Huang , Senior Vice President, GE Energy Financial Services.

This funding adds to A123Systems’ strong momentum with major customer wins and partnerships in the power tool and automotive industries. Most recently, A123Systems announced it will supply batteries to General Motors for the Saturn Vue Green Line plug-in hybrid development program, the world’s first commercial program of its kind by a major automaker.

A123Systems continues to expand its fast growing power tool battery business with Black & Decker Corporation, the world’s largest manufacturer of cordless tools, where the company is helping drive the transition from nickel cadmium technology to doped nanophosphate lithium-ion technology.

A123Systems is also working with GE to develop systems for the hybrid bus market and recently received a $15 million development contract for next generation HEV batteries by the U.S. Department of Energy and the United States Advanced Battery Consortium (USABC), an organization composed of DaimlerChrysler Corporation, Ford Motor Company and General Motors Corporation.

About A123Systems
A123Systems is one of the world’s leading suppliers of high-power lithium ion batteries. The company’s patent pending Nanophosphate™ technology enables its batteries to deliver a previously unavailable combination of power, safety and life.  Applicable to a wide range of industries, A123Systems’ products remove many traditional technology constraints to provide OEMs expanded flexibility in system design.  With world-class expertise and management, global manufacturing operations and one of the largest automotive lithium ion R&D teams, A123Systems’ and its Automotive Class Lithium Ion™ products are helping to accelerate platform electrification.  Founded in 2001 and headquartered in Massachusetts, A123Systems’ proprietary nanoscale electrode technology is built on initial developments from the Massachusetts Institute of Technology.  A123Systems' Advanced Research & Government Solutions Division in Ann Arbor, Michigan is nationally recognized for new materials development and cutting-edge research.  For additional information please visit www.a123systems.com.

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Press Releases

GM to use A123 Batteries for Saturn Vue Plug-In Hybrid Development Program (archived)

A123Systems’ Automotive-Class Battery Technology To Be Tested In Prototype Saturn Vue Green Line Plug-In Hybrid SUVs

Watertown, Mass. - January 4, 2007 - A123Systems today announced that it will supply General Motors Corp. advanced Lithium Ion batteries optimized for plug in hybrid vehicles through its Tier 1 partner, Cobasys LLC.

A123Systems’ batteries will be evaluated in prototype Saturn Green Line Vue plug-in hybrid SUVs later this year. GM recently announced its intention to produce a Vue Green Line plug-in hybrid SUV that has the potential to achieve double the fuel efficiency of any current SUV.

”We are committed to offering commercially viable, sustainable and safe alternative vehicles,” said Denise Gray, GM’s newly appointed director of hybrid energy storage systems. “In order to do so, we need battery suppliers that can provide us with durable and reliable batteries that help us accelerate production-ready designs. We look forward to the testing and development stages with A123Systems.“

Last month, A123Systems was awarded a $15 million development contract by the United States Advanced Battery Consortium (USABC), an organization composed of DaimlerChrysler Corporation, Ford Motor Company and General Motors Corporation. USABC awarded the contract in collaboration with the U.S. Department of Energy (DOE) to optimize the A123Systems proprietary doped nanophosphate battery technology for hybrid electric vehicle applications with a focus on systems that are high-power, abuse-tolerant, long lasting and cost effective.

“We are looking forward to working General Motors and Cobasys on this program” said David Vieau, president and CEO of A123Systems. “Our work with the world’s largest automaker will help validate the durability, reliability, safety and value of our battery technology and the overall market viability of alternative energy vehicles.”

A123Systems’ automotive-class battery technology offers numerous unique features for plug-in electric vehicles including: higher energy density than traditional lithium-ion HEV cells while having one of the highest power to weight ratio of commercially available batteries; low impedance growth even at very high charge and discharge rates ; outstanding calendar life; novel design that withstands extreme shocks and vibration; excellent performance over a wide temperature range; and an intrinsically safe chemistry which is especially important in large batteries.

A123Systems will be working closely with its partner Cobasys, a joint venture between Chevron Technology Ventures LLC, a subsidiary of Chevron Corp. and Energy Conversion Devices, Inc., which will provide its expertise in battery pack design and integration to deliver a complete system as Tier 1 supplier to General Motors.

 

About A123Systems
A123Systems is one of the world’s leading suppliers of high-power lithium ion batteries. The company’s patent pending Nanophosphate™ technology enables its batteries to deliver a previously unavailable combination of power, safety and life.  Applicable to a wide range of industries, A123Systems’ products remove many traditional technology constraints to provide OEMs expanded flexibility in system design.  With world-class expertise and management, global manufacturing operations and one of the largest automotive lithium ion R&D teams, A123Systems’ and its Automotive Class Lithium Ion™ products are helping to accelerate platform electrification.  Founded in 2001 and headquartered in Massachusetts, A123Systems’ proprietary nanoscale electrode technology is built on initial developments from the Massachusetts Institute of Technology.  A123Systems' Advanced Research & Government Solutions Division in Ann Arbor, Michigan is nationally recognized for new materials development and cutting-edge research.  For additional information please visit www.a123systems.com.

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Press Releases

Cobasys and A123Systems Announce Partnership To Develop Lithium Ion Hybrid Electric Vehicle Battery Systems (archived)

Orion, MI and Watertown, Mass. - January 3, 2007 Cobasys and A123Systems announced today that they have signed a memorandum of understanding to enter into a partnership to develop, manufacture, sell, and service lithium-ion energy storage systems for hybrid electric vehicle (HEV) applications. The scope of the agreement will include joint development, marketing and supply of A123Systems nanophosphate lithium batteries and Cobasys systems integration and manufacturing of battery systems for HEV markets.

To support customer programs in transportation markets, Cobasys will act as the tier one supplier providing the technical assistance and expertise for the design and development of battery system products including: packaging, thermal management, wiring, electronics and control algorithms. Cobasys will help develop the requirements and specifications to meet the integration needs of customers and partners and will provide the validation testing of fully integrated lithium battery systems. A123Systems will manufacture and supply its automotive-class nanophosphate Lithium Ion cells and technology.

“We are excited to have A123Systems as a partner,” stated Thomas S. Neslage, Cobasys President & CEO. “The agreement to unite Cobasys system expertise with proven A123Systems lithium technology further exemplifies our vision to be recognized as the world’s most admired energy storage integration solutions company.”

This initiative will complement Cobasys' strong current production battery system product offerings with A123Systems lithium technology allowing its customers expanded choices for hybrid electric vehicle programs.

 “We look forward to working with Cobasys to introduce lithium-ion into the automotive market,” said David Vieau, A123Systems President and CEO. “This partnership will provide the market with game changing performance to further accelerate the adoption of hybrid electric vehicles.”

“Our partnership presents an enormous range of potential benefits for the rapidly growing HEV market. We look forward to working closely with A123Systems to provide leading edge solutions to maximize the opportunity afforded by the synergy of the two companies,” said Ivan Menjak, Cobasys General Manager for Planning and Business Strategy.

 

About Cobasys
Cobasys designs, manufactures and integrates advanced battery system solutions for transportation markets, including Hybrid Electric Vehicles (HEV), Electric Vehicles (EV) and 36/42 Volt applications and to stationary markets, including Back-Up power supply systems for Uninterruptible Power Supply (UPS), Telecom and Distributed Generation markets.

Cobasys is a joint venture between Chevron Technology Ventures LLC, a subsidiary of Chevron Corporation (NYSE: CVX) and Energy Conversion Devices, Inc. (NASDAQ: ENER).

For more information about Cobasys, contact Ray Wagner at 248-620-5700 or visit their website at  www.cobasys.com.

 

About A123Systems
A123Systems is one of the world’s leading suppliers of high-power lithium ion batteries. The company’s patent pending Nanophosphate™ technology enables its batteries to deliver a previously unavailable combination of power, safety and life.  Applicable to a wide range of industries, A123Systems’ products remove many traditional technology constraints to provide OEMs expanded flexibility in system design.  With world-class expertise and management, global manufacturing operations and one of the largest automotive lithium ion R&D teams, A123Systems’ and its Automotive Class Lithium Ion™ products are helping to accelerate platform electrification.  Founded in 2001 and headquartered in Massachusetts, A123Systems’ proprietary nanoscale electrode technology is built on initial developments from the Massachusetts Institute of Technology.  A123Systems' Advanced Research & Government Solutions Division in Ann Arbor, Michigan is nationally recognized for new materials development and cutting-edge research.  For additional information please visit www.a123systems.com.

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Press Releases

A123Systems To Develop High Voltage Battery Modules for Lightweight Fuel Cell Hybrid Bus (archived)

Lithium-Ion Battery Developer Partnering With General Electric, Federal Transit Administration and Ballard Power Systems as Part of National Fuel Cell Bus Program

Watertown, Mass. – October 26, 2006 A123Systems, developer of a new generation of nanophosphate based batteries, today announced it is developing high voltage battery modules for use in a commercial-grade fuel cell hybrid powertrain, using its mass produced nanophosphate based cell technology. The company is working closely with General Electric (GE) and Ballard Power Systems to design and build these modules for the National Fuel Cell Bus Program (NFCBP) under the Department of Transportation’s Federal Transit Authority.

The A123Systems batteries comprise a power boost component which provides higher specific power, lighter weight and smaller overall volume than the existing battery packs, resulting in a more robust energy storage system suitable for heavy-duty commercial use. The company’s fast-charging, inherently safe batteries are significantly smaller and lighter than previous Hybrid Electric Vehicles (HEV) batteries while offering superior price performance. In addition, the nanophosphate based chemistry is not prone to thermal runaway and does not pose the hazard that conventional lithium ion does, which is of key importance given the large size and proximity of the battery packs to passengers.

‘A123Systems battery technology offers advances over other battery technologies that have hindered the commercialization of electric drive transportation systems,” said David Vieau, President and CEO of A123Systems. “We are therefore very pleased to partner with GE and Ballard Power Systems to help develop emission-free, energy-efficient transit buses that will drive mainstream adoption.”

 The focus of the research partnership will be to reduce fuel cell power requirements and improve energy storage technologies, which would help to increase the commercial viability of the technology. The hybrid fuel cell bus being developed by GE, A123Systems and Ballard Power Systems is expected to be completely emissions free, have a range of 200 miles with accessories operating and improved fuel cell life.

About A123Systems
A123Systems is one of the world’s leading suppliers of high-power lithium ion batteries. The company’s patent pending Nanophosphate™ technology enables its batteries to deliver a previously unavailable combination of power, safety and life.  Applicable to a wide range of industries, A123Systems’ products remove many traditional technology constraints to provide OEMs expanded flexibility in system design.  With world-class expertise and management, global manufacturing operations and one of the largest automotive lithium ion R&D teams, A123Systems’ and its Automotive Class Lithium Ion™ products are helping to accelerate platform electrification.  Founded in 2001 and headquartered in Massachusetts, A123Systems’ proprietary nanoscale electrode technology is built on initial developments from the Massachusetts Institute of Technology.  A123Systems' Advanced Research & Government Solutions Division in Ann Arbor, Michigan is nationally recognized for new materials development and cutting-edge research.  For additional information please visit www.a123systems.com.

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  Nanoparticle NewsNanoparticles Popping up on the Radar Screen

• Mar 01, 2006

  Nanoparticle NewsA123 Systems Receives Further Capital Infusion

• Feb 10, 2006

  EETimes.comFrenetic activity seen in batteries, fuel cells

• Feb 10, 2006

  AFX AsiaHongKong/China/USA: China BAK Battery in manufacturing deals with...

• Feb 09, 2006

  ForbesChina BAK Battery in manufacturing deals with Lenovo, A123 Systems

• Feb 08, 2006

  Electric and Hybrid Vehicles TodayA123Systems Completes Third Round of Private Equity Funding

• Feb 06, 2006

  Boston GlobeA123 Systems gets a recharge for its battery production

• Feb 01, 2006

  European Automotive Design

  Power Packing

• Feb 01, 2006

  Qualified Remodeler

  Powering up: a new generation of cordless tool batteries boasts longer run times, more durability and less weight

• Feb 01, 2006

  Qualified RemodelerPowering up: a new generation of cordless tool batteries boasts...

• Jan 07, 2006

  Forbes

  2006 International CES Rocks Las Vegas with Hot New Technology...

• Jan 01, 2006

  Tools of the TradeLithium-ion gains more players: Dewalt, Bosche are latest to enter...

• Jan 01, 2006

  Industry WeekHybrids, Electrics: Nano Power?

• Jan 01, 2006

  Portable DesignHigh-Power Batteries and Chargers

• Jan 01, 2006

  Battery & EV TechnologyTECHNOLOGY INSIGHT A Breakthrough in Lithium-Ion Performance.

• Jan 01, 2006

  Battery & EV TechnologyNanoscale Materials

• Jan 01, 2006

  Battery & EV TechnologyA Better Lithium Battery

• Nov 02, 2005

  The Wall Street Journal

  New Type of Battery Offers Voltage Aplenty - at a Premium

• Nov 01, 2005

  Red HerringBattery Pumps Up Power Tools

• Nov 14, 2005

  Mass High TechA123 charged and ready to hit target markets

In The News

• Apr 02, 2009

  The Wall Street JournalChina's SAIC Using U.S. Parts on Hybrid

In The News

• May 05, 2008

  USABC Awards $12.5 Million BatteryTechnology Development Contract to A123Systems

• May 01, 2008

  MIT Technology ReviewAn Electrifying Startup

• Apr 27, 2008

  New York TimesA Plug-In Conversion for Prius

• Apr 17, 2008

  Green Tech MediaGreentech Media's Top Ten Startups

• Apr 04, 2008

  The Wall Street JournalGM Puts Electric-Car Testing On Fast Track to 2010

• Apr 04, 2008

  ForbesJump Start

• Apr 01, 2008

  Inc.Thanks, Toyota. We'll Take it From Here

• Mar 07, 2008

  Detroit Free PressPolitical leaders offer support in push to make electric cars reality

• Mar 05, 2008

  FortuneThe great battery race

• Mar 01, 2008

  Popular MechanicsPlug-in Hybrid Electric Cars: How They'll Solve the Fuel Crunch

• Feb 06, 2008

  Popular MechanicsInside Plug-in Car Tech's Race to Production

• Feb 06, 2008

  The Wall Street Journal

  Electric-Car Makers Wait For 'Green' Light From U.S

• Feb 02, 2008

  The Boston GlobeIn Volt, an all-electric pioneer

• Jan 24, 2008

  XconomyThe A123 Story: How a Battery Company Jumpstarted its Business

• Jan 23, 2008

  The Wall Street JournalRenault, Nissan Weigh Lithium-Ion Battery For Electric Car Projects

• Jan 14, 2008

  The Wall Street JournalScion Looks to Build Ford's Green Image

• Jan 14, 2008

  Los Angeles TimesGM shifts in alternative-fuel push

• Jan 11, 2008

  The Wall Street JournalRace to Make Electric Cars Stalled by Battery Problems

• Jan 09, 2008

  WiredHow the Next President Can End Our Oil Addiction

In The News

• Dec 19, 2007

  The EconomistThe Li-ion awakens

• Dec 11, 2007

  WiredGM Dedicates Design Studio to Electric Vehicles

• Dec 02, 2007

  The Boston GlobeGreen solutions start at grass roots

• Nov 29, 2007

  The Boston GlobeTurnpike corridor firms are national players in renewable energy

• Nov 20, 2007

  Business WeekGM's Plug-In Push

• Nov 19, 2007

  Newsweek‘It’s All About Energy, Stupid!’

• Sep 01, 2007

  IEEE Spectrum Lithium Batteries Take to the Road

• Aug 28, 2007

  Scientific AmericanThe Dark Horse in the Race to Power Hybrid Cars

• Aug 27, 2007

  The Toronto StarCharged up and ready for the road

• Aug 21, 2007

  ForbesNano Firms See Green in Clean-Tech

• Aug 12, 2007

  Financial TimesGM eyes electric-car initiative

• Aug 06, 2007

  The Wall Street JournalPlugging In to the Future

• Jul 05, 2007

  WiredNext-Gen Car Batteries Promise Longer Life, More Power

• Jul 29, 2007

  MSNBCE-dragsters go for gas-powered records

• Jun 19, 2007

  The New York TimesGoogle and Utility to Test Hybrids That Sell Back Power

• Jun 13, 2007

  NPRCorporations Push Congress on Climate Policy

• Jun 07, 2007

  Technology ReviewNew Batteries Readied for GM's Electric Vehicle

• Jun 01, 2007

  Boston MagazineSupercharged

• May 24, 2007

  The Toronto StarCity plugs into hybrid car trend

• May 17, 2007

  Red Herring

  Betting on Hybrids — A123Systems introduces next-generation battery for alternative cars.

• Apr 13, 2007

  The Wall Street JournalIn Quest for Better Battery, Keep an Ion Nationalism

• Mar 15, 2007

  The Christian Science MonitorBattery tech starts catching up to high tech

• Mar 11, 2007

  The New York TimesA New Battery Takes Off in a Race to Electric Cars

• Jan 25, 2007

  USATODAYBattery developers are white-hot commodities in Detroit

• Jan 23, 2007

  Electric Drive Transportation AuthoritySen. Hatch to Partner with Sens. Obama, Cantwell to Develop Legislation Promoting Plug-In Vehicles

• Jan 11, 2007

  MIT Technology ReviewPowering GM's Electric Vehicles

• Jan 05, 2007

  Technology News DailyLithium ION Battery Development Contracts

• Jan 05, 2007

  Autopia: Wired BlogGM Picks Hybrid Battery Partners

• Jan 05, 2007

  AutoblogGM Awards two lithium-ion battery contracts for PHEV Saturn Vue

• Jan 04, 2007

  ReutersGM awards lithium-ion contracts for Saturn hybrid

• Jan 04, 2007

  Dayton Business JournalCobasys to partner with Northeast battery supplier

• Jan 04, 2007

  Boston GlobeA123Systems gets GM Hybrid Deal

• Dec 22, 2007

  Automotive WorldA123Systems and Hymotion win New York PHEV contract

In The News

• Dec 21, 2006

  All American PatriotsNew York Governor Announces First Plug-In Hybrid Added to State...

• Dec 11, 2006

  USCARUSABC Awards $15 Million Battery Technology Development Contract to A123Systems

• Dec 11, 2006

  Automotive WorldA123Systems wins US$15m battery development contract

• Dec 10, 2006

  WorldChangingThe Week in Sustainable Mobility

• Dec 08, 2006

  Mass High TechAuto-maker consortium awards $15M battery contract to A123Systems

• Nov 02, 2006

  NatureDrilling for nanotech gold

• Nov 01, 2006

  Construction DistributionBattery Technology in the Power Tool World

• Oct 24, 2006

  Automotive WorldGE and partners to develop hybrid fuel cell bus

• Oct 11, 2006

  CalCars NewsAutomobile's future? Veridian CEO modifies hybrid car to get 55 kilometres on a single charge

• Oct 09, 2006

  InformationWeekNew Battery Technology Promises More Power And Mobility

• Sep 18, 2006

  TMCNetNew Plug-in Hybrid Electric Vehicle Debuts at Clean Energy Event

• Sep 13, 2006

  Genetech Engineering NewsLeading Corporate Executives Join Forces with Nanotech Start-up

• Aug 31, 2006

  TheStreet.comFive Reader Picks for Tech's Next Big Thing

• Aug 31, 2006

  Boston Globe

  The car that keeps going...and going

• Aug 31, 2006

  Battery & EV Technology

  A123Systems' Gains $30 Million Investment

• Aug 26, 2006

  Boston GlobeMoney Flowing to New Ideas in Energy

• Aug 25, 2006

  Design NewsBattery recalls heat up

• Jul 17, 2006

  Electric DriveA123 Systems' innovative battery technology receives R&D 100 award

• Jul 10, 2006

  Newstex

  Nexenergy Enters Distribution Partnership with A123Systems

• Jul 05, 2006

  Power Electronics TechnologyBattery pack maker partners with cell developer

• Jul 02, 2006

  Kansas City Star

  Corporate venture capital is back

• Jun 22, 2006

  Machine DesignThe Charge of the BATTERY BRIGADE

• May 29, 2006

  Electronic Engineering TimesPower systems get lithium-ion charge.

• May 22, 2006

  Red HerringPower for power tools

• May 14, 2006

  Red HerringQ&A: GE's Cleantech Financier

• May 01, 2006

  Medical Design TechnologyRechargable battery technology for portable applications

• Apr 05, 2006

  Market WireRed Herring Releases Short-List of Finalists for the "Red Herring 100 North America" Awards

• Mar 01, 2006

  Battery & EV TechnologyA123Systems' Gains $30 Million Investment

• Mar 01, 2006

  Construction DistributionInternational Builders Show Highlights

• Mar 01, 2006

  Nanoparticle NewsNanoparticles Popping up on the Radar Screen

• Mar 01, 2006

  Nanoparticle NewsA123 Systems Receives Further Capital Infusion

• Feb 10, 2006

  EETimes.comFrenetic activity seen in batteries, fuel cells

• Feb 10, 2006

  AFX AsiaHongKong/China/USA: China BAK Battery in manufacturing deals with...

• Feb 09, 2006

  ForbesChina BAK Battery in manufacturing deals with Lenovo, A123 Systems

• Feb 08, 2006

  Electric and Hybrid Vehicles TodayA123Systems Completes Third Round of Private Equity Funding

• Feb 06, 2006

  Boston GlobeA123 Systems gets a recharge for its battery production

• Feb 01, 2006

  European Automotive Design

  Power Packing

• Feb 01, 2006

  Qualified Remodeler

  Powering up: a new generation of cordless tool batteries boasts longer run times, more durability and less weight

• Feb 01, 2006

  Qualified RemodelerPowering up: a new generation of cordless tool batteries boasts...

• Jan 07, 2006

  Forbes

  2006 International CES Rocks Las Vegas with Hot New Technology...

• Jan 01, 2006

  Tools of the TradeLithium-ion gains more players: Dewalt, Bosche are latest to enter...

• Jan 01, 2006

  Industry WeekHybrids, Electrics: Nano Power?

• Jan 01, 2006

  Portable DesignHigh-Power Batteries and Chargers

• Jan 01, 2006

  Battery & EV TechnologyTECHNOLOGY INSIGHT A Breakthrough in Lithium-Ion Performance.

• Jan 01, 2006

  Battery & EV TechnologyNanoscale Materials

• Jan 01, 2006

  Battery & EV TechnologyA Better Lithium Battery

In The News

• Nov 02, 2005

  The Wall Street Journal

  New Type of Battery Offers Voltage Aplenty - at a Premium

• Nov 01, 2005

  Red HerringBattery Pumps Up Power Tools

• Nov 14, 2005

  Mass High TechA123 charged and ready to hit target markets

Press Releases

• Apr 14, 2009

  
  A123Systems Awarded $100 Million in Refundable Tax Credits from Michigan Economic Development Corporation

• Apr 13, 2009

  
  GE Deepens Relationship with Battery Manufacturer A123Systems Through New Investment and Planned Addition of GE’s Technology Head to Board of Directors

• Apr 06, 2009

  
  Chrysler LLC Forms Strategic Alliance with A123Systems for ENVI Electric Vehicle Lineup

• Apr 02, 2009

  
  A123Systems to Supply Li Ion Cells for Shanghai Automotive Hybrid Vehicles

• Jan 07, 2009

  
  A123Systems Announces Plan to Build U.S.-based Lithium Ion Battery Mass Production Facilities

Press Releases

• Nov 19, 2008

  
  AES Installs A123Systems H-APU™ Energy Storage System at Facility in Southern California (archived)

• Aug 08, 2008

  
  A123Systems Files Registration Statement for Initial Public Offering (archived)

• Apr 28, 2008

  
  A123Systems Begins Taking Consumer Orders for its Hymotion™ L5 Plug-in Conversion Modules (archived)

• Mar 05, 2008

  
  A123Systems Signs Production Contract for Think Electric Vehicles (archived)

• Mar 04, 2008

  
  A123Systems Announces Patent Issuance for Nanophosphate™ Lithium Ion Battery Technology (archived)

• Jan 22, 2008

  
  A123Systems Appoints Robert Johnson as Vice President and General Manager (archived)

Press Releases

• Oct 23, 2007

  
  A123Systems Receives $30 Million Investment to Support Scale Up and Recent Contract Awards in the Automotive and Powertool market (archived)

• Sep 19, 2007

  
  A123Systems™ to Supply Lithium Ion Engine Start Batteries to Cessna Aircraft Company for Citation Fleet of Aircraft (archived)

• Aug 09, 2007

  
  GM and A123Systems to Co-Develop Lithium-Ion Battery Cell for Chevrolet Volt (archived)

• May 17, 2007

  
  A123Systems Is Selected As Battery Supplier For BAE Systems’ Hybrid Propulsion System Which Powers The Leading Series Hybrid Bus Supplier in North America (archived)

• May 16, 2007

  
  A123Systems Introduces 32-Series Automotive Class Lithium Ion™ Application-Specific Cells at the Advanced Automotive Battery Conference (archived)

• May 03, 2007

  
  A123Systems Acquires Hymotion (archived)

• Feb 26, 2007

  
  President Bush Meets with A123Systems’ CEO to Discuss Advanced Batteries for Plug-In Hybrids Capable of Over 150 MPG (archived)

• Jan 25, 2007

  
  A123Systems Receives $40 Million Investment to Expand Product Portfolio and Scale Manufacturing of Hybrid and Plug-In Hybrid Batteries (archived)

• Jan 04, 2007

  
  GM to use A123 Batteries for Saturn Vue Plug-In Hybrid Development Program (archived)

• Jan 03, 2007

  
  Cobasys and A123Systems Announce Partnership To Develop Lithium Ion Hybrid Electric Vehicle Battery Systems (archived)

Press Releases

• Oct 26, 2006

  
  A123Systems To Develop High Voltage Battery Modules for Lightweight Fuel Cell Hybrid Bus (archived)

Press Releases