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A123 Systems Announces 3Q Financial Results

A123 Systems (Nasdaq:AONE), a leading supplier of high-power lithium ion batteries designed for application to transportation and grid stabilization, announced third quarter financial earnings yesterday. The third quarter of 2009 was a particularly productive time for the eight-year-old Massachusetts based company. The company went public, raising a net of $391 million. In addition, A123 was awarded almost $250 million by the Department of Energy to continue research and development of advanced battery technology

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