Mid-Continent Instrument Company Signs Agreement With A123 Systems To Supply Advanced Nanophosphate® Lithium-ion Battery Technology For Aviation Applications
WICHITA, Kan., June 27, 2012 /PRNewswire/ -- Mid-Continent Instrument Co., Inc. announced that it has further strengthened its True Blue Power® division by signing a distribution and supply agreement with A123 Systems, Inc. (Nasdaq: AONE) by which Mid-Continent will offer A123's advanced Nanophosphate® lithium-ion battery technology for aviation applications.
To view the multimedia assets associated with this release, please click http://www.prnewswire.com/news-releases/mid-continent-instrument-company-signs-agreement-with-a123-systems-to-supply-advanced-nanophosphate-lithium-ion-battery-technology-for-aviation-applications-160444655.html
True Blue Power, which was announced in March 2011, initially began by offering two inverters and the TS835 Emergency Power Supply (EPS), the industry's first FAA TSO-approved EPS to feature A123 technology. Lithium-ion battery technology offers stable chemistry, faster charging, consistent output, excellent cycle life and superior cost performance. Under the agreement with A123, True Blue Power will provide lithium-ion cells, modules and custom power solutions to the aviation community.
"Through its True Blue Power division, Mid-Continent has established itself as a leading provider of advanced aviation battery systems, and we believe that this strategic partnership will allow A123's Nanophosphate lithium-ion technology to be more readily available to this market," said Robert Johnson, vice president of the Energy Solutions Group at A123 Systems, Inc. "We expect that Mid-Continent's extensive aviation expertise and its impressive customer portfolio will enable us to capitalize on the rapidly growing market for advanced lithium-ion battery technology for emergency power supplies, starter batteries and other aviation applications."Headquartered in Waltham, Mass., A123 Systems develops and manufactures advanced lithium-ion batteries and battery systems for the transportation, electric grid and commercial markets. Built on breakthrough nanoscale materials initially developed at the Massachusetts Institute of Technology ( MIT), A123's proprietary Nanophosphate chemistry is designed to deliver high power, excellent safety and long life. "Mid-Continent's True Blue Power division will work with customers to develop custom power solutions utilizing A123's innovative lithium-ion chemistry for a wide range of aviation-related applications," said John Gallman, True Blue Power division director. "A123's Nanophosphate battery technology clearly offers advantages over lead-acid products, including faster charging and consistent power over a wide state-of-charge (SOC) range. This translates into smaller, lighter products." For example, the True Blue Power TS835 Emergency Power Supply, which features lithium-ion batteries from A123, is more than 66 percent lighter than its competition. True Blue Power products are easily distinguished by their signature blue casings. They combine proven technology with the superior quality, ingenuity and decades of experience that customers have come to expect from Mid-Continent Instrument Company.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV