xcel
05-03-2007, 02:42 PM
Transaction combines Automotive Class Lithium Ion™ technology with vehicle-level power-engineering experience to address the needs of the growing aftermarket demand for plug-in hybrid modules. (http://www.a123systems.com/html/news/articles/050307_pr.html)
http://www.cleanmpg.com/photos/data/501/Hymotion_PHEV_driven_to_HF2006_from_Canada.jpgKeith Watson - A123Systems - May 3, 2007
Hymotion is acquired by A123Systems with consumer based PHEV kits using A123System Li-Ion Cel’s being made available in 2008.
Watertown, Mass. - A123Systems today announced that it has completed the acquisition of Hymotion, Inc., the leading fabricator of aftermarket plug-in hybrid modules. These Battery Range Extender Modules (BREMs) can be easily installed in the spare tire well of most hybrid vehicles, enabling current production models to become Plug-in Hybrid Electric Vehicles (PHEVs) capable of achieving 100 or more miles per gallon. Converted PHEVs have the potential to reduce oil consumption by as much as 75 percent and CO2 emissions by up to 50 percent over today’s internal combustion engine powered vehicles.
“With 5 million hybrids expected on the road by the end of 2010, we feel there is a significant opportunity for an interim aftermarket solution allowing consumers to experience the oil and CO2 reduction benefits that PHEV upgraded vehicles provide,” said David Vieau, President and CEO.
The Hymotion acquisition provides A123Systems access to critical early IP on Plug-in Hybrid systems technology as well as valuable experience with engineering BREMs using A123Systems’ Automotive Class Lithium Ion batteries. Terms were not disclosed.
“The fleet market has been an important testing ground for PHEVs” said Ricardo Bazzarella, Co-founder and President of Hymotion. “The Hymotion systems will continue to be available to the growing fleet market. Over the coming months we will work to reduce delivery times to fleets by standardizing packaging and in anticipation of having a consumer ready system for 2008 introduction” … http://www.a123systems.com/html/news/articles/050307_pr.html
http://www.cleanmpg.com/photos/data/501/Hymotion_PHEV_driven_to_HF2006_from_Canada.jpgKeith Watson - A123Systems - May 3, 2007
Hymotion is acquired by A123Systems with consumer based PHEV kits using A123System Li-Ion Cel’s being made available in 2008.
Watertown, Mass. - A123Systems today announced that it has completed the acquisition of Hymotion, Inc., the leading fabricator of aftermarket plug-in hybrid modules. These Battery Range Extender Modules (BREMs) can be easily installed in the spare tire well of most hybrid vehicles, enabling current production models to become Plug-in Hybrid Electric Vehicles (PHEVs) capable of achieving 100 or more miles per gallon. Converted PHEVs have the potential to reduce oil consumption by as much as 75 percent and CO2 emissions by up to 50 percent over today’s internal combustion engine powered vehicles.
“With 5 million hybrids expected on the road by the end of 2010, we feel there is a significant opportunity for an interim aftermarket solution allowing consumers to experience the oil and CO2 reduction benefits that PHEV upgraded vehicles provide,” said David Vieau, President and CEO.
The Hymotion acquisition provides A123Systems access to critical early IP on Plug-in Hybrid systems technology as well as valuable experience with engineering BREMs using A123Systems’ Automotive Class Lithium Ion batteries. Terms were not disclosed.
“The fleet market has been an important testing ground for PHEVs” said Ricardo Bazzarella, Co-founder and President of Hymotion. “The Hymotion systems will continue to be available to the growing fleet market. Over the coming months we will work to reduce delivery times to fleets by standardizing packaging and in anticipation of having a consumer ready system for 2008 introduction” … http://www.a123systems.com/html/news/articles/050307_pr.html