A123Systems Unveils Lithium-Ion Battery Technology that Delivers Unprecedented Levels of Power, Safety and Life
Nanotech-Enabled Batteries Deliver up to 10X Longer Cycle Life, 5X Power Gains and 5-Minute Charge Time; Company Discloses Multi-Year Deal with Black & Decker to provide battery for its DEWALT brand of Power Tools
Watertown, Mass. – November 2, 2005 – A123Systems, developer of a new generation of Lithium-ion batteries, today unveiled its technology and announced that it is delivering batteries with unprecedented power, safety, and life as compared to conventional Lithium technology. A123Systems’ first battery is now in production and being delivered to the Black & Decker Corporation (NYSE: BDK). It will be first utilized by the corporation’s DEWALT brand, a leading manufacturer of power tools.
A123Systems’ battery technology delivers up to 10X longer life, 5X power gains and dramatically faster charge time over conventional high power battery technology, as validated by independent testing at Motorola and government research labs. A123Systems’ batteries use proprietary nanoscale electrode technology built on research at Massachusetts Institute of Technology (MIT) and exclusively licensed from MIT.