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A123 Systems (AONE +3.4%) signs a deal to supply lithium ion battery packs for BAE Systems'...

A123 Systems (AONE +3.4%) signs a deal to supply lithium ion battery packs for BAE Systems' hybridrive propulsion system for use in city buses. The agreement expands a relationship the companies already have, with A123's packs deployed in HybriDrive systems on nearly 3,000 buses globally. (PR)
Comments (2)
  • JohnInMA
    , contributor
    Comments (45) | Send Message
     
    This was likely an "in the works" negotiation when AONE advised about their growing concern of their ability to survive a short time ago. So, it is reasonable to consider its value to be insufficient to make a large shift in the solvency projections. It will be interesting to see if it is leveraged quickly for more debt financing, however.
    19 Jul 2012, 10:44 AM Reply Like
  • Verogeorge
    , contributor
    Comments (2) | Send Message
     
    More good news, yet stock price is stagnant. As previously noted GE has invested $130 M in Aone; however it is reported that GE is investing close to 1/2 billion in their own plant dedicated to mfg. batteries.
    Initially I thought that GE might initiate a "TAKE OVER" of AONE, however when I learned that GE was building their own battery mfg facility, it dawned on me that they just might take AONE's proprietary (assumed patented) data and let then AONE go bankrupt!!
    19 Jul 2012, 10:39 PM Reply Like
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