I thought you, Opti and others might be interested in this info I found in my files. I have been investing in A123 for about two years, and following the tech for seven.
AONE Founded by Chinese Scientist. 2009 Patent Dispute.
China BAK, based in Kuichong Town, Shenzhen, makes the A123 batteries which are used in the tools made by Towson, Maryland- based Black & Decker. A123, founded by Fulop and Yet-Ming Chiang, a Massachusetts Institute of Technology scientist, said it improved upon the Texas university’s work. Amusing that now the thought of a American company owned by a Chinese national is trying to buy a American company founded by a Chinese immigrant.
The cases are A123 Systems Inc. v Hydro-Quebec, 06cv10612, U.S. District Court, District of Massachusetts (Boston); and The Board of Regents of the University of Texas System v. A123 Systems Inc., 06cv1655, U.S. District Court, Northern District of Texas (Dallas).
A123 Systems, HydroQuebec, and the University of Texas Settle Lithium Metal Phosphate Battery Chemistry Patent Dispute WALTHAM, Mass.,
Oct. 31, 2011 (GLOBE NEWSWIRE) -A123 Systems (Nasdaq:AONE), Hydro Québec, and the Board of Regents of the University of Texas System, on behalf of the University of Texas at Austin (UT) today announced that they have settled their patent disputes regarding lithium metal phosphate technologies, entering into a Settlement Agreement and related Patent Sublicense Agreement that will resolve the existing litigations and create licenses going forward. All litigations will be dismissed and a license under these patents will be granted to A123, as agreed by the parties, under the settlement. In July 2011, HydroQuébec, SüdChemie, Université de Montréal and Centre National de la Recherche Scientifique (CNRS), created an alliance which resulted in the formation of LiFePO4+C Licensing AG, a Swissbased entity, to promote the broadbased global marketing and licensing of technologies related to lithium metal phosphates, including the lithium metal phosphate patents involved in the present dispute. The alliance has previously granted four sublicenses to these technologies. Under the terms of the Patent Sublicense Agreement, A123 receives rights to lithium metal phosphate patents developed at UT, a family of electrode material carboncoating patents, and several lithium metal phosphate patents licensed to HydroQuébec by Nippon Telephone and Telegraph (NTT). In return, LiFePO4+C Licensing AG receives rights to two recent battery material patents from A123. The A123 patents crosslicensed in this agreement are separate from the original Nanophosphate ® patents from the Massachusetts Institute of Technology (MIT), which are not included as part of this settlement. The financial terms of the settlement are not being disclosed at this time.
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