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ktdigital

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ktdigital

Re: None

Wednesday, 01/23/2013 6:41:47 PM

Wednesday, January 23, 2013 6:41:47 PM

Post# of 22017
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 [color=red]transactions will close pursuant to the terms set forth in the asset purchase agreements by February 1, 2013.
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