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Cobasys and A123Systems Announce Partnership to Develop Li-Ion HEV Battery Systems

January 03, 2007 by Jeff Shepard

Cobasys and A123Systems announced that they have signed a memorandum of understanding to enter into a partnership to develop, manufacture, sell, and service lithium ion energy storage systems for hybrid electric vehicle (HEV) applications. The scope of the agreement will include joint development, marketing and supply of A123Systems nanophosphate lithium batteries and Cobasys systems integration and manufacturing of battery systems for HEV markets.

To support customer programs in transportation markets, Cobasys will act as the tier one supplier providing the technical assistance and expertise for the design and development of battery system products including: packaging, thermal management, wiring, electronics and control algorithms. Cobasys will help develop the requirements and specifications to meet the integration needs of customers and partners and will provide the validation testing of fully integrated lithium battery systems. A123Systems will manufacture and supply its automotive-class nanophosphate lithium ion cells and technology.

"We are excited to have A123Systems as a partner," stated Thomas S. Neslage, Cobasys President & CEO. "The agreement to unite Cobasys system expertise with A123Systems lithium technology further exemplifies our vision to be recognized as the world's most admired energy storage integration solutions company."

"We look forward to working with Cobasys to introduce lithium ion into the automotive market," said David Vieau, A123Systems President and CEO. "This partnership will provide the market with game changing performance to further accelerate the adoption of hybrid electric vehicles."

"Our partnership presents an enormous range of potential benefits for the rapidly growing HEV market. We look forward to working closely with A123Systems to provide leading edge solutions to maximize the opportunity afforded by the synergy of the two companies," said Ivan Menjak, Cobasys General Manager for Planning and Business Strategy.