A123Systems Battery Co Acquires Hymotion Conversion Co
- This is the part 2 announcement after A123Systems CEO David Vieau's
Senate testimony Monday
<http://www.calcars.org/calcars-news/753.html>. As of now, according
to the CalCars unofficial tally
<http://www.calcars.org/where-phevs-are.html>, Hymotion has delivered
11 Prius conversions. Before readers of this list start pestering the
company to get a PHEV, note that the current plan is to remain
focused on fleets until sometime in 2008.
The actual capacity of the Battery Range Extender Modules to provide
the 40-mile electric range cited by Vieau is unclear. (Hymotion's
current conversions are 5kWh.) Meanwhile, you can comment at the
A123Systems Acquires Hymotion
Transaction combines Automotive Class Lithium Ion(tm) technology with
vehicle-level power-engineering experience to address the needs of
the growing aftermarket demand for plug-in hybrid modules
WATERTOWN, Mass.--(BUSINESS WIRE)--A123Systems today announced that
it has completed the acquisition of Hymotion, Inc., the leading
fabricator of aftermarket plug-in hybrid modules. These Battery Range
Extender Modules (BREMs) can be easily installed in the spare tire
well of most hybrid vehicles, enabling current production models to
become Plug-in Hybrid Electric Vehicles (PHEVs) capable of achieving
100 or more miles per gallon. Converted PHEVs have the potential to
reduce oil consumption by as much as 75 percent and CO2 emissions by
up to 50 percent over today's internal combustion engine powered vehicles.
"With 5 million hybrids expected on the road by the end of 2010, we
feel there is a significant opportunity for an interim aftermarket
solution allowing consumers to experience the oil and CO2 reduction
benefits that PHEV upgraded vehicles provide," said David Vieau,
President and CEO.
The Hymotion acquisition provides A123Systems access to critical
early IP on Plug-in Hybrid systems technology as well as valuable
experience with engineering BREMs using A123Systems' Automotive Class
Lithium Ion batteries. Terms were not disclosed.
"The fleet market has been an important testing ground for PHEVs"
said Ricardo Bazzarella, Co-founder and President of Hymotion. "The
Hymotion systems will continue to be available to the growing fleet
market. Over the coming months we will work to reduce delivery times
to fleets by standardizing packaging and in anticipation of having a
consumer ready system for 2008 introduction."
"BREM technology is the near-term answer for plug-in hybrid vehicle
technology and, thanks to recent joint contracts with NYSERDA and the
South Coast AQMD, no company had nearly as much real-world data on
engineering aftermarket modules with A123Systems' batteries as
Hymotion," said Akos Toth, Co-Founder and Director of Engineering of
Hymotion. "Joining forces with A123Systems enables us to more
efficiently address demand for plug-in hybrid electric vehicles today."
The Hymotion team has a deep history in the alternative fuel and
heavy duty vehicle segments, bringing critical integration and design
experience to the group. This valuable experience includes work with
OEMs such as Daimler-Chrysler and BMW, as well as heavy duty
manufacturer Orion Bus Industries, and alternative fuels companies,
Hydrogenics and Quantum Technologies.
The A123Systems Nanophosphate(tm) cells are next-generation
lithium-ion batteries designed for exceptional power, safety and
life. A123System's Automotive Class Lithium Ion cells have been
optimized specifically for use in HEV and PHEV applications.
Hymotion Inc. is a provider of complete integration for hybrid and
fuel cell systems. Hymotion brings over ten years of experience in
the alternative fuel industry. It can offer mechanical, electrical,
control system and power electronics design for OEM customers. As a
green technology company, their mission is to provide new generation
hybrid and alternative fuel solutions to customers that value green
and innovative technologies.
A123Systems is one of the world's leading suppliers of high-power
lithium-ion batteries. The company's Nanophosphate technology enables
its batteries to deliver previously unattainable levels of power,
safety and life. Applicable to a wide range of industries,
A123Systems' products remove many traditional technology constraints
to provide OEMs expanded flexibility in system design. A123Systems'
wholly owned subsidiary T/J Technologies (Ann Arbor, Michigan) is
nationally recognized for new materials development and cutting-edge
research. With the largest lithium-ion R&D team in North America,
world-class expertise and management, and global manufacturing
operations, A123Systems' Automotive Class Lithium-IonTM batteries are
leading the automotive movement towards platform electrification.
Founded in 2001 and headquartered in Massachusetts, A123Systems'
proprietary nanoscale electrode technology is built on initial
developments from the Massachusetts Institute of Technology. For
additional information please visit www.a123systems.com.
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Felix Kramer fkramer@...
Founder California Cars Initiative
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