A123 Systems to Unveil Breakthrough Battery Technology Tuesday -New York Times
A123 Systems (NASDAQ: AONE) will announce a new battery technology on Tuesday, which allows creation of a lighter and longer-lasting battery pack that requires no cooling or heating system, according to the New York Times.
A123 has struggled since its IPO in September 2009, as the electric car market has failed to grow. The company does have a contract to supply batteries for GM's (NYSE: GM) Chevy Spark, scheduled for 2013 release.
A123 Systems closed at $1.04 Monday.
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