Nanotechnology Now

Our NanoNews Digest Sponsors


Heifer International

Wikipedia Affiliate Button


DHgate

Home > Press > A123 Systems and IHI Corporation Sign Joint Marketing Agreement to Develop Advanced Battery Technology Business in Japan

Abstract:
A123 Systems (Nasdaq:AONE) and IHI Corporation (TYO:7013) announced today that they have entered into a collaborative business development agreement to serve potential customers in the Japanese transportation, industrial and marine markets. Under the terms of a joint marketing agreement, the two companies will pursue new customer opportunities in energy storage in the Japanese market.

A123 Systems and IHI Corporation Sign Joint Marketing Agreement to Develop Advanced Battery Technology Business in Japan

Watertown, MA & Tokyo | Posted on October 28th, 2009

IHI is one of the largest heavy industry equipment makers in Japan with long-standing business operations in the automotive, utilities, marine and aerospace industries. With over 24,000 employees around the world and over 155 years of history, IHI customers include major Japanese car makers Toyota, Honda, Nissan, Mazda, Suzuki and Mitsubishi. The company is a tier one turbo charger supplier to truck and auto makers all over the world.

"We are very pleased to have found such a strong partner in IHI as we begin to identify a portfolio of energy storage business opportunities in the Japanese market," said David Vieau, A123 Systems' president and chief executive officer. "We believe their confidence in our technology is another important validation of both our product offerings and our business strategy as a vertically integrated supplier of lithium ion batteries and battery systems. We continue to
diversify our business pipeline by designing and producing products for multiple customer applications and can now more efficiently bring these technologies to the important Japanese market."

"Our collaboration with A123 is a significant step forward in our commitment to the application of technology that can help reduce carbon emissions. We believe that A123 has excellent lithium ion battery technology and our strategic alignment will allow us to collaborate in multiple market segments and technology applications," said Kazuaki Kama, IHI Corporation's president and chief executive officer.

####

About A123 Systems
A123 Systems, Inc. (Nasdaq:AONE) develops and manufactures advanced lithium ion batteries and battery systems for the transportation, electric grid services and consumer markets. Headquartered in Massachusetts and founded in 2001, A123 was funded initially with a $100,000 grant from the U.S. Department of Energy. A123 Systems' proprietary nanoscale electrode technology is built on initial developments from the Massachusetts Institute of Technology. Among the companies selecting A123 batteries, battery systems and technology in the fields of transportation, grid energy storage and consumer products are Chrysler, Shanghai Automotive Industry Corporation, AES Energy Storage, LLC and The Black & Decker Corporation.

About IHI Corporation

IHI (TYO:7013), established in 1853, is a multi-national leader in providing energy and chemical plants, physical distribution systems and steel structures, aero-engine and space technology, industrial machinery, shipbuilding and marine engineering, and mass-produced machinery. With annual net sales of nearly $14 billion (U.S. dollars) and more than 24,000 employees, IHI contributes to the stable supply of electric power by providing the primary equipment for hydroelectric, thermal and nuclear power systems. In automotive industries, IHI supplies turbo chargers for automobiles and trucks, and manufacturing equipment. Visit www.ihi.co.jp

For more information, please click here

Contacts:
A123 Systems PR Contact:
Kerry Farrell
212-704-8113


A123 Systems IR Contact:
Garo Toomajanian
617-972-3450


IHI Corporation
+81-3-6204-7800

Copyright © GLOBE NEWSWIRE

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

Announcements

Personal cooling units on the horizon April 29th, 2016

Exploring phosphorene, a promising new material April 29th, 2016

Arrowhead Pharmaceuticals Files for Regulatory Clearance to Begin Phase 1/2 Study of ARC-521 April 28th, 2016

The Translational Research Center at the University Hospital of Erlangen in Germany uses the ZetaView from Particle Metrix to quantify extracellular vesicles such as exosomes April 28th, 2016

Energy

NREL finds nanotube semiconductors well-suited for PV systems April 27th, 2016

Researchers create artificial protein to control assembly of buckyballs April 27th, 2016

Flipping a chemical switch helps perovskite solar cells beat the heat April 26th, 2016

New spin Seebeck thermoelectric device with higher conversion efficiency created April 26th, 2016

Automotive/Transportation

New spin Seebeck thermoelectric device with higher conversion efficiency created April 26th, 2016

All powered up: UCI chemists create battery technology with off-the-charts charging capacity April 21st, 2016

Ruthenium nanoframes open the doors to better catalysts April 4th, 2016

Heat and light get larger at the nanoscale: Columbia-led research team first to demonstrate a strong, non-contact heat transfer channel using light with performances that could lead to high efficiency electricity generation April 2nd, 2016

Battery Technology/Capacitors/Generators/Piezoelectrics/Thermoelectrics/Energy storage

New spin Seebeck thermoelectric device with higher conversion efficiency created April 26th, 2016

Highlights from the Graphene Flagship April 22nd, 2016

Adding some salt to the recipe for energy storage materials: Researchers use common table salt as growth template April 22nd, 2016

Cleaning up hybrid battery electrodes improves capacity and lifespan: New way of building supercapacitor-battery electrodes eliminates interference from inactive components April 22nd, 2016

Alliances/Trade associations/Partnerships/Distributorships

Electrically Conductive Graphene Ink Enables Printing of Biosensors April 23rd, 2016

Leti Extends Collaboration with Qualcomm on CoolCubeTM 3D Integration Technology for High-Density, High-Performance ICs: Collaboration Goals Include Building an Ecosystem To Take the Chip-stacking Technology from Design to Fabrication April 13th, 2016

FEI Partners with Five Pharmaceutical Companies, the Medical Research Council and the University of Cambridge to form Cryo-EM Research Consortium April 5th, 2016

Strem Chemicals and SONA Nanotech Sign Distribution Agreement for the World’s First Gold Nanorods Synthesized without CTAB February 24th, 2016

NanoNews-Digest
The latest news from around the world, FREE




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







Car Brands
Buy website traffic