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CEMJQ was a huge winner for me also. That was actually one of my first BK stocks and it was amazing.
I see another possible story like that here depending on what happens in the future.
This stock is in play right now. Play at your own risk.
You could bail at .40 but people that bailed at .40 on CEMJQ missed out on $1.60. You just never know what is around the next bend with these Q stocks. It is safe to say that some huge companies are interested so the push up could be good. Speculation alone could send it up fast.
I am riding the waves because I like the excitement more than the money.
THIS IS NOT ABOUT ASSETS IT IS ABOUT TECHNOLOGY!! PLAY THE NEWS PEOPLE. READ UP ABOUT THE BATTERY TECHNOLOGY.
9 to 15 cents is the play range. after that we go crazy. watch and learn folks.
BREAK NORTH
Zero volume today???
MOVE COMING IMO
Strong action today
GM has publicly stated that they are not worried about A123 supplying them batteries in the future for the Chevy Spark and who knows what other EVs. If GM is confident about A123 then that is a huge plus in my opinion. I think GM may be a silent partner in the Johnson Controls side of the bidding. JC is building a huge battery plant in China and all the timing seems to be falling in place with GM now pushing EVs harder than ever. All my opinion but for GM to be so confident about A123 someone knows something good is going on.
HUGE GM NEWS MUST READ!!!!!
Let’s Talk Battery
GM says it will launch the car “on schedule” and “has not been impacted by A123's bankruptcy.”
There are differences, too, perhaps most importantly in the battery. It’s bigger than the Volt’s (GM isn’t saying exactly how big, just that it’s “around” 20 kWh compared to 16.5 kWh in the current-gen Volt). The shapes are different, too. Rectangular in the Spark, T-shaped in the Volt. Both are lithium-ion but the Spark uses lithium-iron phosphate, as opposed to the lithium manganese spinel cells from LG Chem in the Volt. The Spark batteries come from A123 Systems, but Jon Lauckner, GM’s chief technology officer, said there is no worry inside GM that A123 will not be able to provide the cells, despite that company’s bankruptcy. The production process will see A123 making the cells and assembling the packs in Livonia, MI, then shipping the packs to Korea where the car is put together and then shipping it out for sale. GM says it will launch the car “on schedule” and “has not been impacted by those activities,” said Bill Wallace, GM’s director of global battery systems.
This is huge!!! GM is buying A123 batteries despite the BK. GM contract intact.
http://mobilitynewsworld.wordpress.com/2012/11/17/chevy-spark-electric-vehicle-prototype/
NICE!!!!!!!!
http://www.blackelkenergy.com/
http://www.blackelkenergy.com/index.php?option=com_content&view=article&id=9&Itemid=113
Wayne get on the phone.
Through a series of selective transactions, Black Elk Energy has grown to include an aggregate interest in more than 854 wells on 155 platforms located across 430 thousand gross acres offshore. Black Elk holds a significant acreage position in the Gulf of Mexico from the mouth of the Mississippi River to Mustang Island.
I saw this. Could this be round 2 for MOPN?
A Battery of Apps: OnStar Debuts Future EV Solutions
New connected apps tackle range anxiety and public charging
SAN FRANCISCO – At the GM Electrification Experience, OnStar is showing two new apps to address the possible range anxiety of electric vehicles and the cost of public charging.
Since the Chevrolet Volt extended range electric vehicle launched in late 2010, drivers have been able to manage vehicle charging, including the option to charge during off-peak hours through the OnStar RemoteLink Mobile App. As GM expands its electric vehicle line-up next year with the 2014 Chevy Spark EV, more drivers will be able to manage and control electric-only functions from their phone.
Spark EV Waypoint tab
Because the Spark EV operates only on electricity, drivers will need to know if they can reach their destination on a single charge. The Spark EV Waypoint tab, which will be integrated into the RemoteLink app, can quickly determine that answer and plot a waypoint route with recommended charging stations if the route is beyond a single charge's range.
"The Spark EV Waypoint tab aims to instill confidence in drivers who are not sure if they'll be able to reach their destination on a single charge," said Paul Pebbles, global manager, OnStar Electric Vehicle and Smart Grid Services. "It's also for drivers who know they'll be traveling beyond a single charge range."
Once the destination is selected, based on the distance and battery life, the app will use the distance and remaining battery life to tell the driver one of four things:
Destination is within the range of a single charge
Destination is within a single charge range, but the vehicle needs to be charged more before the driver begins traveling
Destination is further than a single charge range and requires a waypoint route
No waypoint route is available and destination is beyond vehicle range. Due to a lack of charging stations a waypoint route may not always be possible.
The app tells a driver how long a drive will be and how long it will take to charge the Spark at each stop, combining the two for total trip duration. In addition to mobile, the waypoint routing function will be available on GM Owner Center allowing directions to be sent online to a vehicle. Destinations will be stored in OnStar's Virtual Advisor service.
OnStar plans to make the Waypoint App available for the launch of the 2014 Spark EV.
THE 2014 SPARK HAS THE A123 SYSTEMS BATTERY IN IT
Park-Tap-Charge Prototype App
With more electric vehicles on the market, the demand for public charging will grow as will the need to know how much charging away from home will cost. Where cost is tied to public charging, a new prototype app will allow EV owners to simply tap their smartphone against a charging station, which will automatically show payment options that, once accepted, will initiate the flow of electricity. This prototype app is currently named Park-Tap-Charge.
"It's all about transacting through the app to create a very connected vehicle experience," said Pebbles. "This type of functionality contributes to an end-to-end solution for owners of the infrastructure and drivers."
Prior to accepting payment, the app will show the hourly rate of charging, the estimated time for a full charge and the estimated cost of a full charge.
The app leverages Near Field Communication technology, a way of contactless payment being implemented in smartphones today. Using a signal sent from an NFC-enabled phone to a charge station with an embedded NFC tag, drivers can automatically initiate payment from a previously connected account by tapping their smartphone to the station.
The current version of the application is a concept and provides the base for driving a scalable and viable solution as more EVs hit the road.
OnStar's Smart Grid research is made possible by the U.S. Department of Energy.
OnStar, a wholly owned subsidiary of General Motors, is the global leading provider of connected safety, security and mobility solutions and advanced information technology. With more than 6 million subscribers in the U.S, Canada and China, OnStar is currently available on more than 40 MY 2013 GM models, as well as available for installation on most other vehicles already on the road with OnStar FMV. More information about OnStar can be found at www.onstar.com.
It was an installment payment
WASHINGTON (Reuters) - The Obama administration provided struggling battery maker A123 Systems Inc with nearly $1 million on the day it filed for bankruptcy, the company told lawmakers investigating its government grant.
The company, which makes lithium ion batteries for electric cars, filed for Chapter 11 bankruptcy protection last month after a rescue deal with Chinese auto parts supplier Wanxiang Group fell apart.
That same day, October 16, A123 received a $946,830 payment as part of its $249 million clean energy grant from the Energy Department, the company said in a letter, obtained by Reuters, to Republican Senators John Thune and Chuck Grassley.
In the letter, dated November 14, A123 said the October payment was the most recent disbursement it had received from the government, with an additional $115.8 million still outstanding on the grant.
Thune and Grassley have pressed the Energy Department for more details about its funding of A123 as the company has faltered.
"The Department of Energy needs to answer for why it appears to put federal grants on auto-pilot to the detriment of U.S. taxpayers," Senators Thune and Grassley said in a statement. "This can't stand."
A123 said it may still need to use the rest of its grant money if the company decides to update or expand its current manufacturing capacity.
UPDATE AND EXPAND CAPACITY? Sounds like they plan to stay in business.
Under the department's grant program, companies submit invoices to the government showing their progress and are reimbursed for work they complete toward the goal of the project, a DOE official said.
Republicans on the campaign trail ahead of national elections earlier this month pointed to A123 as an example of failed clean energy investment from the Obama administration.
The Obama administration has defended its efforts, arguing that despite some high profile bankruptcies, most of its investments have been successful and have to helped to double renewable energy output from wind and solar.
The administration launched a stimulus-funded $2.4 billion initiative in 2009 to bolster U.S. advanced battery production, but the sector has struggled with overcapacity and weak demand for electric vehicles.
POTENTIAL CHINESE BUYER?
Thune and Grassley have also raised concerns about Chinese firm Wanxiang's attempts to acquire A123's battery business, saying military and taxpayer-funded technology should not be allowed to fall into foreign hands.
The department has stressed that none of the government's grant would be allowed to fund facilities abroad.
Funny that Johnson Controls was able to buy Chinese assets from A123 though....
Wanxiang Group, one of the largest non-government-owned companies in China, is currently locked in a battle with U.S.-based Johnson Controls Inc to buy A123.
China's Wanxiang had attempted to bail out A123 prior to the company filing for bankruptcy, but the $465 million deal collapsed when A123 was unable to meet some conditions of the agreement.
The Senators questioned why the Energy Department continued to fund A123 even if after it learned about the potential rescue deal. The company said it informed the department about the initial deal in early August.
A123 received several military contracts, including two contracts worth a total of more than $4 million to develop batteries for the Air Force.
In its letter to the Senators, A123 confirmed it had received one federal government contract with a "secret" security classification.
The company said that it would expect the Committee on Foreign Investment in the United States (CFIUS) would lay out conditions to protect sensitive U.S. military data if the company is acquired by a foreign firm.
CFIUS is an interagency panel that vets foreign deals for security concerns.
(Reporting by Ayesha Rascoe; Editing by Gerald E. McCormick and Phil Berlowitz)
THEY HAVE AN AIR FORCE CONTRACT!!
I am guessing that was an installment of the 249 million that they were granted before. Not a special payment. But I could be wrong. From what I know they had 120 million left that they had not even spent on the grant.
MUST READ!!!!!
THIS IS THE A123 BATTERY THEY ARE TALKING ABOUT THIS THIS BELOW
Spark EV’s more than 20 kWh lithium-ion battery pack will carry on Chevrolet’s tradition of industry-leading warranty protection of eight years /100,000 miles, and is capable of handling multiple DC Fast Charges daily. Charging can also be completed in less than seven hours using a dedicated 240V charge. A 120V charge cord set is standard. Charging can be managed and monitored remotely using the Spark EV’s smart phone application, provided by OnStar.
“Spark EV’s battery has undergone more than 200,000 hours of testing in our global battery systems labs,” said Larry Nitz, executive director of GM’s global electrification engineering team. “This testing paved the way to allow our customers to do multiple DC Fast Charges daily to help alleviate range anxiety and improve convenience.”
THIS IS WHERE THE A123 TECHNOLOGY IS SUPERIOR!!
http://evworld.com/news.cfm?newsid=29191
NEW CHEVROLET SPARK VIDEO
MORE POSITIVE NEWS FOR A123
Energy and the Environment Award: Yet-Ming Chiang (MIT)
Yet-Ming Chiang received the Energy and the Environment Award for his overhaul of the lithium ion battery: a development Chiang himself describes as "lithium ion 2.0" which hinged upon the development of nanoscale metal phosphate cathodes. The breakthrough led to the dramatic increase in lithium ion battery power and lifetime.
Granted leave from his tenured professorship at MIT, Chiang founded A123 Systems in 2001, which sold lithium ion batteries for applications rather larger and more ambitious than the cellphones to which they had been limited: you know, things like Black and Decker power tools and, uh, buses. Daimler-Orion VII hybrid city buses have gone on to trundle over 300 million miles. A123 technology has also cropped up in the Fisker Karma, the BMW ActiveHybrid 3 and 5 series and the forthcoming Chevy Spark.
Still, proliferation has been hampered by the slower than projected growth of the EV market, though there is still cause for optimism. Roland Berger Strategy Consultants predicts that the global automotive lithium ion market will be worth US$10 billion by 2015, up from $1.5 billion today.
Chiang has founded a new company, 24M Technologies, where his intention is to develop "lithium ion 3.0."
http://www.gizmag.com/economist-innovation-awards-2012/25051/
MORE POSITIVE NEWS FOR A123
Energy and the Environment Award: Yet-Ming Chiang (MIT)
Yet-Ming Chiang received the Energy and the Environment Award for his overhaul of the lithium ion battery: a development Chiang himself describes as "lithium ion 2.0" which hinged upon the development of nanoscale metal phosphate cathodes. The breakthrough led to the dramatic increase in lithium ion battery power and lifetime.
Granted leave from his tenured professorship at MIT, Chiang founded A123 Systems in 2001, which sold lithium ion batteries for applications rather larger and more ambitious than the cellphones to which they had been limited: you know, things like Black and Decker power tools and, uh, buses. Daimler-Orion VII hybrid city buses have gone on to trundle over 300 million miles. A123 technology has also cropped up in the Fisker Karma, the BMW ActiveHybrid 3 and 5 series and the forthcoming Chevy Spark.
Still, proliferation has been hampered by the slower than projected growth of the EV market, though there is still cause for optimism. Roland Berger Strategy Consultants predicts that the global automotive lithium ion market will be worth US$10 billion by 2015, up from $1.5 billion today.
Chiang has founded a new company, 24M Technologies, where his intention is to develop "lithium ion 3.0."
http://www.gizmag.com/economist-innovation-awards-2012/25051/
I am buying
MUST READ!!!!!!!
GM's battery partner for the Spark EV, A123 Systems, is going through a rough patch. In October A123 filed for bankruptcy while announcing an agreement for Johnson Controls to buy most of the assets. This move followed a year full of problems with battery packs and battery pack recalls. Since the bankruptcy, several companies have been fighting for ownership of the A123 Systems technology. Currently A123 Systems is receiving debtor-in-possession financing from Wanxiang and is able to keep its factories running while going through bankruptcy.
A123's battery technology is widely known to support very high discharge and recharge rates.
A123 has the best technology!!!!!!!
http://www.torquenews.com/1075/chevy-spark-ev-be-fast-driving-and-fast-charging-electric-car
MUST READ
Look at all the positive praise about A123 in this link!!
Huge! GM loves this technology
http://www.greencarcongress.com/2012/11/gm-spark-20121116.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+greencarcongress%2FTrBK+(Green+Car+Congress)
MUST READ
The real winner
The real winner in this trend, though, may well turn out to be Johnson Controls, which supplies components to OEMs.
It is hoping to purchase the automotive side of battery manufacturer A123 Systems, whose lithium iron batteries are not only in the BMW, but in the Chevrolet, Fisker and other General Motors vehicles. They also feature in Daimler, McLaren and other manufacturers' cars.
To facilitate the takeover, A123 has had to declare bankruptcy under Chapter 11 of the US Bankruptcy Code, in order to permit Johnson Controls to purchase all its assets, products and customer contracts, including its cathode powder manufacturing facilities in China, and its equity interest in Shanghai Advanced Traction Battery Systems Co.
GM itself took the same restructuring route following financial difficulties in 2010, returning to profitability the following year.
Johnson has had to fight off a Chinese buyer for A123 Systems, Wanxiang.
A123 will retain licences for agreements for its non-automotive applications (some of which are in defense). The company reported total assets of $494,965,000 in August.
THE WAY THE ABOVE IS WORDED IT LOOKS LIKE A123 AND JC MAY HAVE PLANNED THIS BK.
TAKEN FROM THIS LINK POSTED TODAY
http://www.eaem.co.uk/news/american-carmakers-are-competing-go-electric
FISKER MOVING TO DETROIT
http://www.digitaltrends.com/cars/fisker-looks-to-open-new-technical-center-in-the-midwest-possibly-detroit/
CLOSER TO A123 SYSTEMS?
ALERT ALERT ALERT ALERT
THIS IS HUGE!!!!!!!!!!!!!!!!!!!!!!!!
NEWS OUT OF DETROIT
2014 Chevrolet Spark Electric Vehicle
Battery: 20-kilowatt-hour lithium-ion battery pack built from 336 prismatic cells; produced by A123 Systems Inc.’s Livonia plant Battery pack warranty: 8 years or 100,000 miles.
8 YEAR 100,000 MILE WARRANTY!!!!!!
THIS IS FOR A 2014 CAR PEOPLE
Motor: The magnet electric motor and drive unit will be produced at GM’s Baltimore Operations transmission plant in White Marsh, Md., beginning in early 2013. It’ll mark the first time an automaker has built an electric motor and drive unit for a new electric vehicle in the U.S.
Price: To be announced.
Range: To be announced.
From The Detroit News: http://www.detroitnews.com/article/20121115/AUTO0103/211150460#ixzz2CLKMrspf
ALERT ALERT ALERT ALERT ALERT
MUST READ
Vehicle engineers did say that the Spark EV uses roughly 85 percent of the total capacity of its liquid-cooled battery pack. The lithium-ion cells and the battery pack itself are fabricated and assembled in Michigan by A123 Systems.
TAKEN FROM THIS LINK WHICH WAS POSTED TODAY!!!!!
http://www.greencarreports.com/news/1080487_2014-chevy-spark-ev-prototype-electric-car-first-drive
LOAD ZONE
Thanks on both counts :)
Also they did not spend all their stimulus money so that money will go to the new buyer IMO.
Surf you are one that I have watched on Ihub and I know you have a nose for money. Thanks for your posts here. Your presence makes me comfortable with my money being here too.
volume picking up
a123 systems here
http://www.nbvp.com/portfolio-all#.all
They are all international bidders. Even the US companies are international. The Chevy Spark is a Korean built car. There is no us vs them anymore.. It's all about the money.