A123 Systems Announces Second Quarter 2010 Financial Results
A123 Systems today announced financial results for the quarter ended June 30, 2010.Davi
We recently began producing prismatic cells at our new Michigan facility, and we remain on track with our previously announced capacity expansion plans. This coincides with Fisker, Navistar and a number of other new programs that are expected to move into volume production over the next several quarters. We believe we are on track to meet our primary objectives for 2010, including exiting the year with strong customer momentum, executing against our capacity expansion plans and moving into production in Michigan, the combination of which positions the company for accelerated revenue growth and improving profitability margins in 2011.