A123 Systems

A123 Systems, Inc. was established in a 2001 American manufacturer of round cell lithium - iron phosphate batteries, which was taken after his bankruptcy in 2012 by the Chinese Wanxiang Group. The proof of A123Systems Nanoscale electrode technology is based on developments from the Massachusetts Institute of Technology.

The company employs more than 1,100 employees. The largest investors in this private company are: General Electric, Alliance Capital, Sequoia Capital, CMEA Ventures, FA Technology Ventures, OnPoint, the Massachusetts Institute of Technology, Motorola, Qualcomm and Duracell via the company Procter & Gamble. The company name (company) A123Systems is the formula for calculating the borrowed Hamaker force constant. The formula describes the existing between nanoparticles attraction or repulsion force and begins with A123.

History

In November 2005, A123Systems announced the availability of a high loading capacity lithium -ion battery system. The lithium iron phosphate battery of A123Systems is formed from doped nano- phosphate, the technology is licensed at the Massachusetts Institute of Technology.

There is a wide variety of cells produced that are used among other things in DeWalt tools for starting aircraft engines, in hybrid buses, hybrid vehicles, electric cars and photovoltaics. The Killacycle, with a battery of A123Systems powered electric drag bike, accelerated in 0.97 seconds at 60 miles per hour and reached after 7.89 seconds, a top speed of 168 miles per hour ( = 270 km / h).

In December 2006, the United States Advanced Battery Consortium ( USABC ) closed with A123Systems a contract in the amount of 15 million U.S. dollars. The USABC is an organization whose shareholders, the Ford Motor Company and General Motors Corporation, DaimlerChrysler Corporation. The USABC concluded the contract in collaboration with the Ministry of Energy of the United States from to develop the A123Systems - own proprietary nano- phosphate technology for use in hybrid vehicles. Development goal is a high- performance system that is tolerant of abuse and cost efficient in production and has a long life.

On 24 September 2009, the company's IPO took place. Since then, A123Systems is listed on the U.S. NASDAQ stock exchange under the ISIN US03739T1088. The issue price was 13.50 U.S. dollars; the company sold 28.1 million shares, and thus gained a 380 million U.S. dollars.

On October 16, 2012, the company went bankrupt. On December 9, 2012 received China's largest auto parts producer Wanxiang Group the contract for 256.6 million U.S. dollars. Go to auction also Johnson Controls, Siemens and NEC Corporation were lined up. On 11 December 2012, the purchase was confirmed by a court in Delaware, but can stop the trade or a U.S. government committee ( CFIUS ).

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