A123Systems, Inc., the developer and manufacturer of Nanophosphate lithium-ion phosphate batteries, has filed its S-1 registration statement with the Securities and Exchange Commission (SEC) relating to the proposed initial public offering of its common stock.
The joint book-running managers of the proposed offering will be Morgan Stanley & Co. Incorporated and Goldman Sachs & Co. Merrill Lynch, Pierce, Fenner & Smith Incorporated will serve as co-lead manager, and Broadpoint Capital, Inc. and Lazard Capital Markets LLC will serve as co-managers.
A123Systems is targeting three primary markets with its Li-ion technology: transportation, electric grid services (EGS), and portable power.
On the light-duty transportation front, in addition to its work with GM and a supply agreement with Think Global to provide battery systems for the TH!NK city EV, the company has development work underway with a number of other partners. Partners named in the S-1 include:
- MAGNA STEYR Fahrzeugtechnik AG & Co. KG;
- Delphi Corporation; and
- Better PLC, LLC, or Better Place.
In the heavy-duty vehicle market, the company supplies battery systems to BAE.
|Current A123Systems Batteries|
|Nominal Capacity||2.3 Ah||1.1 Ah||3.6 Ah||7.7 Ah||9.5 Ah||Customizable|
|Watt hours||7.6 Wh||3.6 Wh||11.9 Wh||25.4 Wh||31.4 Wh||13.2 to 60.7 Wh|
|Power to energy ratio||High||Medium||Ultra high||High||Medium||Medium|
|Applications||Portable power, hybrid transit buses, aviation jet engine start, EVs, EGS||Consumer, prof. portable power applications||HEVs, hybrid transit buses, heavy-duty HEVs||PHEVs, heavy duty EVs||EREVs, PHEVs, heavy duty EVs||EREVs, PHEVs, EVs|