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Electric car battery maker A123 Systems (AONE) gains 1.5% AH after announcing it's settled a...

Electric car battery maker A123 Systems (AONE) gains 1.5% AH after announcing it's settled a patent dispute with Hydro Quebec and the University of Texas, by entering into a cross-licensing deal. The terms of the deal haven't been disclosed.
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  • Nettligent
    , contributor
    Comments (1345) | Send Message
     
    AONE has no advanced battery technology, stole it from other and got caught.
    Hydro-Quebec and the University of Texas have settled a series of lawsuits against A123 Systems with no financial terms were revealed. A123 will license from an alliance formed by Hydro-Quebec the lithium metal phosphate technology developed at the University of Texas in Austin.
    Riley Jr. Gilbert, Director CTO & VP of Res. & Dev sold 30,000 shares of A123 Systems stock,share price for the transaction was $3.29, or $98,823 worth, as noted in an SEC Filing. Over the past 12 months, Riley Jr. Gilbert N has sold a total of 150,000 shares of A123 Systems, Inc, proceeds from the sale totaled $651,666. Over the same time period, Riley Jr. Gilbert N has purchased no shares of A123 Systems, Inc stock. Riley Jr. Gilbert N has also performed other transactions including grants or awards .
    3 Nov 2011, 03:59 PM Reply Like
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