(AONEQ | NASDAQ)
A123 Systems has developed a new generation of Lithium-ion batteries that use proprietary nanoscale electrode technology to achieve unprecedented levels of power, safety and life. Building on research initiated at Massachusetts Institute of Technology, A123 Systems’ batteries offer major advantages over other rechargeable battery chemistries. In commercial and specialty batteries, it provides energy storage solutions to fit the needs of telecom, IT backup, datacenter, medical, lead-acid replacement and other industrial applications.
Acquired by Wanxiang America Corporation, February 2013.http://a123systems.com