WALTHAM, Mass., Jan. 18, 2013 (GLOBE NEWSWIRE) -- A123 Systems ("A123" or the "Company") today provided an update regarding the previously announced asset purchase agreements with Wanxiang America Corporation ("Wanxiang") and Navitas Systems LLC ("Navitas").
A123 continues to work with Wanxiang and Navitas to prepare for the closing of the transactions contemplated by the asset purchase agreements. A123 currently expects that the transactions will close pursuant to the terms set forth in the asset purchase agreements by February 1, 2013.
Additional information is available on A123's website at www.a123systems.com or by calling A123's Restructuring Hotline, toll-free in the U.S., at 1-800-224-7654. For calls originating outside the U.S., please dial +1 973-509-3190. Court documents and additional information can be found at a dedicated website administrated by the Company's Claims Agent, Logan & Company: www.loganandco.com.
