This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Mid-Continent Instrument Company Signs Agreement With A123 Systems To Supply Advanced Nanophosphate® Lithium-ion Battery Technology For Aviation Applications

Stocks in this article: AONE

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.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

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.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs