Next-generation Lead Acid Battery Company Firefly Energy Shuts Down, Files for Chapter 7
Green Car Congress
MARCH 16, 2010
Management tried repeatedly to protect against (closing) - even going without salaries for six months so that we could keep the company afloat and continue to pay employees,” said Ovan from his office in Chicago. The US Army sought high-tech batteries to perform in desert conditions, said Ovan, adding that the company was disappointed when Firefly failed to get a share of the $2 billion distributed by the federal government - part of the stimulus package - for advanced battery research.