A123 Systems
Headquarters: 321 Arsenal Street
Watertown, MA 02472
Employees: 1,700+
CEO: David Vieau
Stock Symbol: AONE
Website: http://www.a123systems.com
Career Page
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.
For larger projects that require volume manufacturing, A123 Systems operates state-of-the-art manufacturing facilities in Asia which have the capacity to scale to millions of battery packs per year, and is currently expanding manufacturing capacity in the U.S.
A123Systems owes its name to the Hamaker force constant which is used to calculate the attractive and repulsive forces between particles at nano dimensions, and which begins “A123...”
A123Systems' Advanced Research & Government Solutions Division is located in Ann Arbor, MI.
The company went public in September in an IPO that raised $437.5 million. The company was incorporated in 2001.
In 2008, A123 reported revenues of $68.5 million and net loss of $80.4 million. It has yet to turn a profit.
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