by Justin Byers, Business Intelligence Analyst, 8/14/2008
A123 Systems, Inc. has been in the press lately concerning their filing for an IPO. Based out of Watertown, Massachusetts, the company was founded in 2005 and is backed by some of the better venture firms in the industry. With its proprietary nanotechnology, the company has become a world leader in the development and supply of high-power lithium ion batteries.