Date: 2013-07-31

A123 Systems Announces Non-binding Memorandum of Understanding with Wanxiang Group Corporation for Strategic Investment

A123 Systems (Nasdaq: AONE), a developer and manufacturer of advanced Nanophosphate. lithium iron phosphate batteries and systems, announced that it has signed a non-binding memorandum of understanding (MOU) with Wanxiang Group Corporation establishing the framework for a strategic investment through which Wanxiang would invest up to $450 million in A123. Wanxiang is China

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