A123 (Nasdaq: AONE) says new battery technology to make EVs cheaper

Orlando, FL 6/12/12 (StreetBeat) -- A123 Systems Inc (Nasdaq: AONE) said it has developed a lithium ion battery technology that could eliminate the need for cooling and heating systems and reduce the cost of electric vehicles.

The technology, called Nanophosphate EXT, is designed to prolong cycle life at extremely high temperatures and deliver high power even at low temperatures, the company said on Tuesday.

"We believe Nanophosphate EXT is a game-changing breakthrough that overcomes one of the key limitations of lead acid, standard lithium ion and other advanced batteries," said David Vieau, Chief Executive of A123 Systems.

It will lower the costs and the weight of electric vehicles and can also be used in the telecommunications industry to cut costs at cell tower installations.

The announcement comes just days after the company said there was "substantial doubt" about its viability as a business and warned of steep losses over the next several quarters.

The losses stem from A123's recall of defective batteries built at its Livonia, Michigan plant.

A123 stock is down about 96 percent from the $28 range it used to trade at in 2009. That year, A123 was given a $249 million grant by the Obama administration, and it went public.

A123, which developed as a start-up at the Massachusetts Institute of Technology, makes battery for the Fisker Karma, the BMW hybrid 3- and 5-Series cars and GM's all-electric Chevy Spark due in 2013.

The company said production of batteries based on the new technology will begin in the first of half of 2013.

It will initially make 20 ampere-hour prismatic cells with Nanophosphate EXT. It is also evaluating plans to offer the technology across all its cell products.

A123 shares were trading at $1.23, up 18 percent, on Tuesday morning on the Nasdaq.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

StreetBeat Disclaimer

Distributed by Viestly

Battery Stocks Investor Alert: A123 Systems, Inc. (NasdaqGS: AONE) on Move

Northern, WI 5/24/12 (StreetBeat) -- Investorideas.com, a leader in renewable energy stock research for independent investors, issues an investor alert for A123 Systems, Inc. (NasdaqGS: AONE) trading up at $1.00, up 0.0699(7.52%) 1:03PM EDT with a morning high of $1.03 on volume of just over 1.3 Million shares .

Earlier this month the company reported its first quarter results . According to the Company, "Our first quarter results were consistent with our revised expectations as reported last week. Revenue for the first quarter was impacted by our campaign to replace prismatic products in the field that may be defective and the temporary shutdown of our facility in Livonia, Mich," stated David Vieau, CEO of A123 Systems. "Since announcing the field campaign, we believe we have identified and corrected the root cause of the defective cells. We are gradually restarting production in a controlled manner consistent with our commitment to improve our manufacturing processes and quality, and have started shipping replacement products to impacted customers. Our customers have been generally supportive during this process, and we continue to work with them during this challenging period."

A123 Systems, Inc. (Nasdaq:AONE - News) is a leading developer and manufacturer of advanced lithium-ion batteries and energy storage systems for transportation, electric grid and commercial applications. The company's proprietary Nanophosphate(R) technology is built on novel nanoscale materials initially developed at the Massachusetts Institute of Technology and is designed to deliver high power and energy density, increased safety and extended life. A123 leverages breakthrough technology, high-quality manufacturing and expert systems integration capabilities to deliver innovative solutions that enable customers to bring next-generation products to market. For additional information please visit www.a123systems.com.
Research more cleantech stocks on global stock exchanges –and up to 1400 at Investorideas.com renewable energy stocks stock directory

About Investorideas.com – a leader in cleantech investor research
Investorideas.com was on the of the first investor sites covering investing in water and renewable energy stocks and has become a global go-to destination for investors researching the cleantech sector, with stock directories, company news, commentary from experts, research reports and industry resources and links. Investors can follow solar stocks commentary on our site with solar expert, J. Peter Lynch.

Follow Investorideas.com on Twitter
Follow Investorideas.com on Facebook
Follow Investorideas.com on Google Plus

Follow Renewable Energy Stocks on Facebook.com

Sign Up: Get Free investor news and stock alerts

Join Investor Ideas Get 24/7 Login to 13 of the best stock directories online;
Research oil and gas stocks, gold stocks, water stocks, renewable energy stocks, tech and more.

Disclaimer/ Disclosure: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and its management and is not the opinion of Investorideas.com. Learn more: www.InvestorIdeas.com/About/Disclaimer.asp Investorideas.com was not compensated for this report and does not hold a position in the stock
BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894

For more information about Investorideas.com
contact:
800.665.0411

StreetBeat Disclaimer

Distributed by Viestly

A123 Systems (Nasdaq: AONE) to Supply Batteries for Tata Commercial Vehicles

Austin, TX 3/1/12 (StreetBeat) -- A123 Systems Inc. (Nasdaq: AONE), a maker of batteries for electric vehicles, said it will supply packs for Tata Motors Ltd. (NYSE: TTM)’s commercial vehicles.

Tata, India’s largest automaker, will use the lithium-ion battery packs on hybrid diesel-electric city transit buses in the second half of the year, Waltham, Massachusetts-based A123 said in an e-mailed statement. Terms were not disclosed.

“The addition of Tata Motors to our growing portfolio of blue-chip customers reinforces our position as the leading provider of lithium-ion battery technology for the truck and bus segment,” Jason Forcier, vice president of A123’s automotive group, said in the statement.

A123 supplies batteries for automakers including Fisker Automotive Inc., General Motors Co. (NYSE: GM) and Daimler AG. Fisker, A123’s largest customer, said Feb. 6 it stopped working on its Wilmington, Delaware, plant after the U.S. Energy Department blocked access to a federal loan, citing unmet milestones.

Fisker said Feb. 28 it hired Tom LaSorda, a past president of the predecessor of Chrysler Group LLC, as chief executive officer. Fisker also said it may look for private investors to revive the Delaware factory, where it planned to begin making its second model, the Nina sedan, by next year.

A123 Systems fell 5.8 percent to $1.80 to at the close in New York yesterday. The shares rose 12 percent this year through yesterday, after falling 83 percent in 2011.

StreetBeat Disclaimer

Distributed by Viestly