a123 will supply additional batteries for bae systems’ city bus program - lithium batteries for sale

A123 Systems
Waltham, which produces lithium-ion phosphate batteries, announced on Thursday an agreement with BAE Systems to provide the Company with additional battery packs for propulsion Systems designed for urban bus Systems around the world.
A123 has been providing battery packs for BAE for five years.
At present, around the world, including London and New York, about 3,000 buses using the BAE propulsion system are running.
The agreement announced on Thursday required A123 to provide an additional battery pack for BAE.
However, the number of these packages and the dollar value of the agreement with A123 have not yet been disclosed. (
To read the company's press release, click here. )
Headquartered in London, BAE Systems plc is a global defense and security company with approximately 100,000 employees worldwide and sales of $2010. 6 billion.
The company provides a full range of products and services to the Air Force, Army and Navy, as well as advanced electronic, security, information technology solutions and support services.
It also has a number of commercial operations, including hybrid propulsion projects for urban buses.
BAE has operations in Lexington and Nahau in the north of the United States. H.
A123 has experienced ups and downs recently.
A123 said in a recent regulatory document that unless more money can be raised, it could run out of cash in four to five months.
The company may be betting more on the electric vehicles it should have and is now looking for new markets for its batteries.
The company recently said the airline industry is an industry that provides commitment.