A123Systems Receives $30 Million Investment to Increase Production and Expand its Battery Product Portfolio into New Markets, including Hybrid Electric Vehicles

“We’re looking forward to using this capital to expand China manufacturing and our product line for hybrid vehicle batteries and for large format alternative energy storage load balancing for solar and other markets” said Ric Fulop, Founder and VP of Business Development and Marketing of A123Systems.

The full article of the news can be viewed here:
http://www.a123systems.com/html/news/articles/060206_pr.html