Johnson Controls to Provide $72.5 Million in DIP Financing To Support A123′s Continued Operations

A123 Actively Pursuing Strategic Alternatives for Grid, Commercial, Government and other Businesses and Operations WALTHAM, Mass.-October, 2012-A123 Systems, Inc, a developer and manufacturer of advanced Nanophosphate® lithium iron phosphate batteries and systems, today announced that it has entered into an asset purchase agreement with Johnson Controls, Inc.  in a transaction valued at $125 million. Under [...]