I haven't followed this story carefully, but a friend of mine (who has) wrote the following:
"Uh, you should look into A123 Systems, who started it and what they did before criticizing them. These guys developed and improved the Lithium Iron Phosphate battery chemistry while at MIT, then spun out a startup company to commercialize their advances. They were chosen by GM to engineer and build the Volt batteries. These guys aren't some fly by night outfit who just blew smoke up some government officials asses to get that loan. They were a prime startup candidate and had already received many millions of dollars in venture capital backing. And they are being purchased by Johnson Controls for $125 Million, they have assets of $460 Million and debts of $376 Million, plus patents in the battery technology field. It's disappointing to see stuff like this turned into a political football for electioneering purposes. And even more disappointing to see educated people swallowing it whole..." Jeff On Sun, Oct 21, 2012 at 7:04 AM, ChemE Stewart <cheme...@gmail.com> wrote: > Before I started forecasting earthquakes, hurricanes and sinkholes I > predicted A123 was a loser. I think Terry jumped in and told me they had > new investors and might be a great buy. I hope he did not buy the stock... > They were providing Fisker's batteries, another colossal Obama losermobile > company. If they go under too Justin Bieber might have to ride a bicycle > to work, which would be safer for everyone... > > Stewart > Darkmattersalot.com > > > > > On Sun, Oct 21, 2012 at 4:12 AM, Alain Sepeda <alain.sep...@gmail.com>wrote: > >> Wgat is happening of the LiFePO4 battery family. >> It was looking very promising. Robust Li batteries that don't explode >> even under fire, crash or explosion... comparable energy density. good >> power density... good endurance... >> are there other palyes ? >> did A123 battery division colapse too? or is it only the solar side? >> >> (NB: I've been interested in LiFePO4 for hi-power bike lighting) >> >> >> 2012/10/21 <fznidar...@aol.com> >> >> The great green solar and battery society that our goverment has put its >>> hopes on is going bankrupt one player at a time. >>> >>> I was going to buy A-123 stock. I am glad I did not. >>> >>> I was going to by Bezer Home for 30 cents a share, I could >>> kick myself to missing 80 times my investment. >>> >>> Who knows! Maybe someday I'll get lucky. >>> >>> Frank Z >>> >> >> >
