What Happened?

About the Company

A123 Systems is a leading developer and manufacturer of advanced lithium ion batteries and energy storage systems for transportation, electric grid, government and a variety of commercial applications. A123 leverages breakthrough technology, high-quality manufacturing and expert systems integration capabilities to deliver innovative solutions that enable customers to bring next-generation products to market. Our proprietary Nanophosphate® technology is built on materials initially developed at the Massachusetts Institute of Technology, and our products are designed to deliver long life, excellent safety, and high performance. As our customers continue to tell us, we have one of the best lithium ion battery technologies on the market. In the transportation market, our list of customers include General Motors, BMW, Daimler, Fisker Automotive and SAIC, the largest automaker in China. We also make a lithium ion engine starter battery for micro-hybrids, and we are the leading provider of advanced battery systems for the truck and bus segment. We are also the leading supplier of lithium ion energy storage systems, and customers include AES, Southern California Edison and DTE Energy. And our commercial business is growing as well—we have more than 30 different customer programs at various stages of development, collectively representing more than $100 million in customer stated demand for 2013.

About the Person

Patrick Hurley is Senior Vice President and Chief Technology Officer at Barnes Group. Previously, Patrick held various senior IT leadership roles in the industry.