Although your reference isn't specific enough to be certain, it appears that Johnson Controls is purchasing that.
http://community.nasdaq.com/News/2012-10/johnson-controls-to-acquire-a123-analyst-blog.aspx?storyid=183182#.UIQ1x2_d1kM "Johnson Controls will also buy A123's facilities in Livonia and Romulus, Michigan; cathode powder manufacturing facilities in China; equity interest in Shanghai Advanced Traction Battery Systems Co.; *as well as its joint venture with Shanghai Automotive Industry Corporation ("SAIC").*" Jeff On Sun, Oct 21, 2012 at 10:44 AM, MarkI-ZeroPoint <[email protected]>wrote: > Some Chinese company bought a 49% stake in A123 very recently, so is that > in addition to Johnson Controls???**** > > -Mark**** > > ** ** > > ** ** > > *From:* Jeff Berkowitz [mailto:[email protected]] > *Sent:* Sunday, October 21, 2012 10:16 AM > *To:* [email protected] > *Subject:* Re: [Vo]:A123 systems goes bankrupt**** > > ** ** > > 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 <[email protected]> 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 <[email protected]> > 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 <[email protected]>**** > > ** ** > > 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**** > > ** ** > > ** ** > > ** ** >
