Latest A123 Systems Stories
FARMINGTON, Conn., April 10, 2013 /PRNewswire-iReach/ -- Industry leaders from around the world will convene in Boston, MA for the Knowledge Foundation's 2nd Next Generation Batteries 2013 conference which will take place at the Hilton Boston Back Bay on April 30 - May 1. One of the many anticipated presentations will include Mujeeb Ijaz, of A123 Systems as he presents "New Frontiers in Power, Safety, and Life" "New Frontiers in Power, Safety, and Life" Featuring Mujeeb Ijaz, A123...
These 2013 China market research reports provide trends, data and information on major players with forecasts and a feasibility analysis project for some of these sectors. DALLAS, April 8, 2013 /PRNewswire-iReach/ -- "China Swine Industry Chain Analysis" and 2013 Deep Market Research Reports on China Human Tetanus Immunoglobulin, Power Energy Storage Battery, Sapphire Ingot and Wind Power Lubricating Grease sectors now available with ReportsnReports.com. (Photo:...
MILWAUKEE, Dec. 17, 2012 /PRNewswire/ -- Johnson Controls filed an appeal in bankruptcy court today of the Dec. 11, 2012 sale order approving Wanxiang's purchase of A123 Systems. As part of the sale order, the court ordered the escrow of the break-up fee and expense reimbursement due to the company under its stalking horse agreement with A123. Johnson Controls is appealing the sale order to obtain the breakup fee and expense reimbursement to which it is entitled under that agreement...
CHICAGO, Dec. 12, 2012 /PRNewswire/ -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Johnson Controls Inc. (NYSE:JCI), Magna International Inc. (NYSE:MGA), Honeywell International Inc. (NYSE:HON), Exide Technologies (Nasdaq:XIDE) and The Boeing Company (NYSE:BA). (Logo:...
MILWAUKEE, Dec. 9, 2012 /PRNewswire/ -- Johnson Controls officially withdrew from the bankruptcy auction to acquire portions of A123 Systems when it declined to match a higher bid submitted by Wanxiang. Subsequently A123 representatives have announced they selected Wanxiang's bid of $257 million as the best offer for the total company over a set of competing complementary bids by Johnson Controls for the automotive and government assets and NEC for the grid and commercial assets....
WALTHAM, Mass., Nov. 26, 2012 /PRNewswire/ -- A123 Systems, Inc. ("A123" or "the Company"), a developer and manufacturer of advanced Nanophosphate® lithium iron phosphate batteries and systems, today announced that the United States Bankruptcy Court for the District of Delaware (the "Court") has granted A123 final approval to access $50 million in Debtor-in-Possession ("DIP") financing provided by Wanxiang Group Corporation ("Wanxiang"). The Company previously received interim...
WALTHAM, Mass., Nov. 8, 2012 /PRNewswire/ -- A123 Systems, Inc. (Nasdaq: AONE) ("A123" or "the Company"), a developer and manufacturer of advanced Nanophosphate® lithium iron phosphate batteries and systems, today announced that the United States Bankruptcy Court for the District of Delaware (the "Court") has granted A123 approval of the bidding procedures and stalking horse bid protections in connection with the previously announced stalking horse asset purchase agreement, under...
WALTHAM, Mass., Nov. 6, 2012 /PRNewswire/ -- A123 Systems, Inc. (Nasdaq: AONE) ("A123" or "the Company"), a developer and manufacturer of advanced Nanophosphate® lithium iron phosphate batteries and systems, today announced that the United States Bankruptcy Court for the District of Delaware (the "Court") has granted A123 interim approval to use $50 million of Debtor-in-Possession ("DIP") financing, which is being provided by Wanxiang Group Corporation ("Wanxiang"). The financing...
MILWAUKEE, Oct. 26, 2012 /PRNewswire/ -- In collaboration with A123, Johnson Controls has chosen not to be the debtor-in-possession (DIP) lender during A123's bankruptcy process to avoid potential delays posed by threatened legal actions from Wanxiang. The parties believe this move is in the best interest of the estate by ensuring an efficient process that will best preserve value for creditors, employees and customers. "We are concerned that back-and-forth posturing by other...
WALTHAM, Mass., Oct. 19, 2012 /PRNewswire/ -- A123 Systems, Inc. (Nasdaq: AONE) ("A123" or "the Company"), a developer and manufacturer of advanced Nanophosphate® lithium iron phosphate batteries and systems, today announced that yesterday the United States Bankruptcy Court for the District of Delaware (the "Court") granted the Company's request for certain "first day" orders that help support its business. The Court granted A123 interim approval to use $15.5 million of its...
