MG 495 Unit 4 Homework MG 495 A123 Systems[complete]

Week 4 Assignment: A123 Systems Executive Summary A123 Systems Company, founded in 2001. In 2005, they developed a new highpowered, faster-charging lithium-ion battery system. The system has one of the best energy-toweight ratios on the market and have a slow loss of charge when not in use. A123 Systems presently have 19 patents, and are in the process of applying for 77 more. The company has seen increasing absolute revenues between 2007 and 2010. The company is successful but the future success of A123 Systems isn’t guaranteed. Synopsis of the Case Founded in 2001, a company that built its business with Nanophosphate technology. In 2005, it developed a new, high powered, faster charging lithium-ion battery system. The batteries provided increased levels of power and runtime. In 2006, the United States Advanced Battery Consortium in collaboration with the U.S. Dept. of Energy granted A123 a $15 million development contract to develop a battery for hybrid vehicles. Entering into multiple collaborations, agreements, and partnerships within the automotive industry, and additionally ventured into the electric grid market.