Click here to close now.

SYS-CON MEDIA Authors: Elizabeth White, Adrian Bridgwater, Mike Kavis, Jnan Dash, Liz McMillan

News Feed Item

Navitas Systems LLC Acquisition of A123 Systems’ Government Business Approved by Bankruptcy Court

Navitas Systems LLC (www.navitassys.com), a leading provider of energy-enabled system solutions and energy storage products for commercial, industrial and government agency customers, today announced that the United States Bankruptcy Court for the District of Delaware (the “Court”) has approved the sale of A123 Systems’ Ann Arbor, Mich.-based government business, including all U.S. military contracts, for $2.3 million to Navitas. A123 is a developer and manufacturer of advanced Nanophosphate® lithium iron phosphate batteries and systems for the transportation, electric grid, commercial and government markets.

Alan ElShafei, Chairman and Founder of Navitas Systems, said “In our due diligence of A123’s government business leading up to last week’s auction, we received detailed briefings on the impressive depth and breadth of A123’s proprietary Nanophosphate lithium ion battery chemistry and other advanced technologies being developed for critical government and military applications. Based on this group’s robust and vital technology roadmap, we’re absolutely committed to invest in the people and infrastructure needed to continue delivering outstanding U.S.-designed battery solutions to military and government customers.”

The Navitas management team has a successful track record in past ventures due in part to its solid capital structure and disciplined approach to profitability, and also its continued investment in both people and IP. The Navitas team intends to continue to invest in the Ann Arbor R&D facility to enhance its focus on research and development of advanced chemistry batteries and low-volume cell manufacturing. The closing on this transaction is expected in early 2013.

Nancie ElShafei, CEO and owner of Navitas Systems, said “The suite of advanced battery technologies coming soon to military and government agencies is being developed by an even more impressive group of world-class scientists and engineers. We’re determined to maintain and grow this organization as a strategic asset in maintaining U.S. competitiveness”.

"The military demand for secure, small and light-weight unmanned surveillance and reconnaissance systems is surging. Whether airborne, land-based, seaborne or submersible, such systems will turn to safe, efficient batteries for electric power or propulsion”, said USAF Lt. General (Ret.) Mark Shackelford. “Navitas Systems has the innovative expertise to bring advanced chemistry solutions to lithium ion energy storage and power management systems, and is well-postured to become a preferred supplier for this rapidly expanding market."

Navitas views the dual locations of both Ann Arbor, Mich. and Woodridge, Ill. to be a unique advantage in developing specialized applications for the government and military given the need to keep pushing the boundaries in terms of energy stored per unit weight and size. Thomas Golab, Vice President of Strategic Initiatives for Navitas Systems, said “We purposefully sited our headquarters just outside the expansive campus of the Department of Energy’s Argonne National Laboratories. Over the years, our team has developed a good working relationship with Argonne’s advanced battery personnel, and we see this as an additive opportunity for both organizations. With the recent announcement by the DOE to locate the Energy Hub at Argonne--combined with the acquisition of A123’s advanced R&D facilities in Ann Arbor—we find ourselves literally and ideally positioned to maintain ,attract, and interact with the scientific talent needed to compete on a world stage”.

“I was delighted to learn that Navitas Systems will acquire A123’s government business, which indicates that Navitas permitted the highest possible value to be paid for the balance of A123 Systems’ assets and the largest possible new investment to be made in U.S. battery technology. That is good news for the U.S. advanced battery industry,” said James Greenberger, Executive Director for the National Alliance for Advanced Technology Batteries (NAATBatt), the trade association for the U.S. advanced battery industry. “I have known Alan ElShafei and his team at Navitas (formerly MicroSun IESS) for many years. Alan has been a quiet success in the industry during a time when others were dominating the news. I’m sure that we will be hearing a lot more about Navitas Systems in the future, and all of us at NAATBatt wish them great success.”

About Navitas Systems, LLC

Navitas Systems, founded in 2010, is a woman-owned small business headquartered in Woodridge Illinois. Located in a state-of-the-art 100,000 square feet facility-with local and offshore partners and solid financial stability, Navitas is well positioned to continue serving major worldwide customers.

What drives Navitas is the passion for bridging the gap between customer challenges and environmentally and financially sustainable solutions. Navitas Systems is a leader in integrated design, technology development, and manufacturing, providing energy enabled system solutions and energy storage products for commercial, industrial and government agency customers. Navitas products range from customized energy storage solutions for motive, idle-reduction and defense related applications, along with custom renewable energy integrated power systems, to standard products like lithium based lead-acid replacement batteries. For more information visit www.navitassys.com and follow @Navitas_Systems on Twitter.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
SYS-CON Events announced today that Vicom Computer Services, Inc., a provider of technology and service solutions, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. They are located at booth #427. Vicom Computer Services, Inc. is a progressive leader in the technology industry for over 30 years. Headquartered in the NY Metropolitan area. Vicom provides products and services based on today’s requirements...
DevOps tasked with driving success in the cloud need a solution to efficiently leverage multiple clouds while avoiding cloud lock-in. Flexiant today announces the commercial availability of Flexiant Concerto. With Flexiant Concerto, DevOps have cloud freedom to automate the build, deployment and operations of applications consistently across multiple clouds. Concerto is available through four disruptive pricing models aimed to deliver multi-cloud at a price point everyone can afford.
While DevOps most critically and famously fosters collaboration, communication, and integration through cultural change, culture is more of an output than an input. In order to actively drive cultural evolution, organizations must make substantial organizational and process changes, and adopt new technologies, to encourage a DevOps culture. Moderated by Andi Mann, panelists will discuss how to balance these three pillars of DevOps, where to focus attention (and resources), where organizations m...
SYS-CON Events announced today the IoT Bootcamp – Jumpstart Your IoT Strategy, being held June 9–10, 2015, in conjunction with 16th Cloud Expo and Internet of @ThingsExpo at the Javits Center in New York City. This is your chance to jumpstart your IoT strategy. Combined with real-world scenarios and use cases, the IoT Bootcamp is not just based on presentations but includes hands-on demos and walkthroughs. We will introduce you to a variety of Do-It-Yourself IoT platforms including Arduino, Ras...
SYS-CON Events announced today that AIC, a leading provider of OEM/ODM server and storage solutions, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. AIC is a leading provider of both standard OTS, off-the-shelf, and OEM/ODM server and storage solutions. With expert in-house design capabilities, validation, manufacturing and production, AIC's broad selection of products are highly flexible and are conf...
Deploying and operating cloud technology is difficult and falls outside the core competencies of most organizations. As a result, many on-premises private cloud installations falter, casting doubt on private cloud as a solution in general. Yet private clouds come with a unique set of benefits that continue to drive widespread interest. There must be a better way. This session will give participants a clear roadmap of private cloud implementation challenges and offer actionable ideas for...
@ThingsExpo has been named the Top 5 Most Influential Internet of Things Brand by Onalytica in the ‘The Internet of Things Landscape 2015: Top 100 Individuals and Brands.' Onalytica analyzed Twitter conversations around the #IoT debate to uncover the most influential brands and individuals driving the conversation. Onalytica captured data from 56,224 users. The PageRank based methodology they use to extract influencers on a particular topic (tweets mentioning #InternetofThings or #IoT in this ...
WebRTC is an up-and-coming standard that enables real-time voice and video to be directly embedded into browsers making the browser a primary user interface for communications and collaboration. WebRTC runs in a number of browsers today and is currently supported in over a billion installed browsers globally, across a range of platform OS and devices. Today, organizations that choose to deploy WebRTC applications and use a host machine that supports audio through USB or Bluetooth can use Plantro...
SYS-CON Events announced today that the DevOps Institute has been named “Association Sponsor” of SYS-CON's DevOps Summit, which will take place on June 9–11, 2015, at the Javits Center in New York City, NY. The DevOps Institute provides enterprise level training and certification. Working with thought leaders from the DevOps community, the IT Service Management field and the IT training market, the DevOps Institute is setting the standard in quality for DevOps education and training.
How do you securely enable access to your applications in AWS without exposing any attack surfaces? The answer is usually very complicated because application environments morph over time in response to growing requirements from your employee base, your partners and your customers. In his session at 16th Cloud Expo, Haseeb Budhani, CEO and Co-founder of Soha, will share five common approaches that DevOps teams follow to secure access to applications deployed in AWS, Azure, etc., and the frict...
Buzzword alert: Microservices and IoT at a DevOps conference? What could possibly go wrong? Join this panel of experts as they peel away the buzz and discuss the important architectural principles behind implementing IoT solutions for the enterprise. As remote IoT devices and sensors become increasingly intelligent, they become part of our distributed cloud environment, and we must architect and code accordingly. At the very least, you’ll have no problem filling in your buzzword bingo cards.
IoT is still a vague buzzword for many people. In his session at @ThingsExpo, Mike Kavis, Vice President & Principal Cloud Architect at Cloud Technology Partners, discussed the business value of IoT that goes far beyond the general public's perception that IoT is all about wearables and home consumer services. He also discussed how IoT is perceived by investors and how venture capitalist access this space. Other topics discussed were barriers to success, what is new, what is old, and what th...
Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 16th Cloud Expo at the Javits Center in New York June 9-11 will find fresh new content in a new track called PaaS | Containers & Microservices Containers are not being considered for the first time by the cloud community, but a current era of re-consideration has pushed them to the top of the cloud agenda. With the launch ...
So I guess we’ve officially entered a new era of lean and mean. I say this with the announcement of Ubuntu Snappy Core, “designed for lightweight cloud container hosts running Docker and for smart devices,” according to Canonical. “Snappy Ubuntu Core is the smallest Ubuntu available, designed for security and efficiency in devices or on the cloud.” This first version of Snappy Ubuntu Core features secure app containment and Docker 1.6 (1.5 in main release), is available on public clouds, ...
Internet of Things (IoT) will be a hybrid ecosystem of diverse devices and sensors collaborating with operational and enterprise systems to create the next big application. In their session at @ThingsExpo, Bramh Gupta, founder and CEO of robomq.io, and Fred Yatzeck, principal architect leading product development at robomq.io, will discuss how choosing the right middleware and integration strategy from the get-go will enable IoT solution developers to adapt and grow with the industry, while at...