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A123 sign two deals in as many days

Mon, 07/23/2012 - 18:02 -- Ruth Williams

This July A123 announced they shall be supplying BAE Systems with lithium-ion battery packs for its new HybriDrive Series to be used on municipal buses. The following day A123 signed a deal with Chinese Ray Power Systems to supply a grid energy storage system.  This is great news for shareholders of A123.  Share price has risen for the first time since the company announced in June that it is struggling financially.