DALLAS, Sept. 25, 2009 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring technology company A123 Systems Inc. (Nasdaq:AONE). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The investment report on A123 Systems Inc. (Nasdaq:AONE) should be of particular interest to other technology companies, particularly those in the electronics and controls sector: Corning Inc. (NYSE:GLW), Hitachi Ltd. (NYSE:HIT), TDK Corp. (Pink Sheets:TTDKY) and LG Displays Co. Ltd. (NYSE:LPL).
It is available at: http://www.beaconequity.com/i/AONE
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A123 Systems Inc. designs, develops, manufactures and sells advanced, rechargeable lithium-ion batteries and battery systems. The Company is engaged in design and development efforts with several passenger vehicle manufacturers and tier 1 suppliers, including General Motors Corp. and Think Global AS, relating to the design and development of batteries and battery systems for 11 passenger vehicle power train programs that can be applied to 19 vehicle models.
In the report, the analyst notes:
"The Company priced 28.1 million shares, raising $378 million for its debut on the Nasdaq. The Watertown, Mass.-based firm went public above its already-increased range of $10 to $11.50 a share. In another bullish move, the size of the IPO was increased by 2.4 million shares from its earlier level of 25.7 million shares.
"AONE recently announced that it was awarded a $249 million grant from the U.S. Department of Energy's Electric Drive Vehicle Battery and Component Manufacturing Initiative. ... The grant will be used to help implement the Company's strategy for the construction of world-class lithium ion battery manufacturing facilities in the United States, with the first construction location in Livonia, Michigan."
To read the entire report visit: http://www.beaconequity.com/i/AONE
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