A123 Systems (NASDAQ: AONE) Low Impedance Technology

A123 Systems, Inc. (NASDAQ:AONE) recently announced it had closed its previously announced initial public offering of 32,407,576 shares of common stock at a public offering price of $13.50 per share. A123 Systems sold 31,727,075 shares and selling shareholders sold 680,501 shares. The sales included all shares subject to the underwriters' over-allotment option. Morgan Stanley & Co. Incorporated and Goldman, Sachs & Co. acted as joint book-running managers for the offering. BofA Merrill Lynch, Deutsche Bank Securities Inc., Lazard Capital Markets LLC, and Pacific Crest Securities acted as co-managers of the offering.

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Relying on highly active nanoscale material developed at MIT, A123Systems’ low impedance Nanophosphate electrode technology provides a distinct competitive advantage over alternative high power technologies. A123’s cell and electrode designs lower costs. They utilize higher voltage than other systems, resulting in lower pack cost. Their long life leads to reduced lifecycle and system costs resulting in greater overall dollar spent performance.  A123 Systems develops and manufactures advanced lithium-ion batteries and battery systems for the transportation, electric grid services and consumer markets. Founded in 2001 and headquartered in Massachusetts, A123 Systems' proprietary nanoscale electrode technology is built on initial developments from the Massachusetts Institute of Technology.  A123Systems is now one of the world’s leading suppliers of high-power lithium ion batteries designed to deliver a new combination of power, safety and life. Their breakthroughs in technology, innovative multinational manufacturing model and experienced executives are providing the power to change the game for today’s Transportation, Electric Grid Services and Portable Power manufacturers. The staff at A123Systems is made up of technology industry veterans and preeminent scientists from some of the world’s leading battery companies and research institutes. A123Systems is led by David Vieau, and was founded by Dr. Yet-Ming Chiang, Dr. Bart Riley, VP of Research and Development and Ric Fulop, VP of Business Development and Marketing

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