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A123 Systems 8K filing says substantial doubt about its ability to continue as a going concern; status of grants and incentives

Green Car Congress

A123 is required to create 300 jobs no later than 31 December 2016 for the tax credit to be non-refundable. million to assist in funding its smart grid stabilization project, the purpose of which is to develop and improve the quality of application of energy efficient technologies and to create or expand the market for such technologies.

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A123 Systems and Wanxiang execute definitive agreements for investment of up to $465M in A123

Green Car Congress

A123 Systems expects the full investment from Wanxiang will provide it with the capital necessary to strengthen its competitive position in the global vehicle electrification and grid energy storage markets. Further, Wanxiang has demonstrated its commitment to partnering with and investing in U.S. — David Vieau, CEO of A123.

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A123 Systems in non-binding MoU with Wanxiang for strategic investment of up to $450M; Wanxiang would own up to 80% of A123 common stock

Green Car Congress

Wanxiang’s proposed investment in A123 is intended to create the capital structure necessary for the company to continue growing its core businesses, and alignment with Wanxiang is also expected to substantially strengthen A123’s access to the growing vehicle electrification and grid-scale energy storage markets in China.

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USDOT awarding $55M to support purchase of Low-No buses; electric buses and infrastructure

Green Car Congress

Massachusetts Department of Transportation. The Massachusetts Department of Transportation and the Martha's Vineyard Transit Authority will receive funds to purchase all-electric transit buses and an energy storage system. VIA’s use of 100% renewable grid power ensures the battery electric buses will truly be zero emissions.

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