Lithium Werks Acquires Industrial Business of A123 Systems
"We are confident that this acquisition helps propel Lithium Werks into a leadership position in the Lithium Iron Phosphate market globally," said Knut H. Nylænde, Lithium Werks' Chairman.
"A123 Systems is pleased to have concluded this agreement and is confident that our former customers in the industrial market are in great hands with Lithium Werks. A123 is sharpening its focus on world-class automotive applications ranging from mild-hybrids to fully electric vehicles," said Jeff Kessen, A123 Systems' VP of Corporate Strategy.
About Lithium Werks
Lithium Werks is a fast growing global lithium ion battery company with production facilities in China and offices in the USA, the Netherlands, Northern Ireland, Great Britain and Norway. Lithium Werks provides cells, modules, and battery management systems into markets such as material handling, stationary energy storage, medical and commercial marine.
About A123 Systems
A123 Systems is a global leader in providing complete energy storage solutions through advanced battery cells and systems primarily for transportation applications. Offering a full range of world-class products, A123 delivers superior performance, reliability and cost savings from concept through commercialization.
For more information, please contact:
Lithium Werks Inc.
+1 512 527 2900
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