SOURCE: The Bedford Report

The Bedford Report

March 21, 2011 07:35 ET

A123 Systems and Ener1 Poised to Benefit From Lithium Ion Revolution

The Bedford Report Provides Analyst Research on A123 Systems & Ener1

NEW YORK, NY--(Marketwire - March 21, 2011) -  Following President Obama's pledge of getting one million electric cars on the road by 2015, electric powered vehicle production is expected to grow significantly in the coming years. Lithium ion batteries are considered the most significant factor for the success of modern electric vehicles. Lithium ion batteries use various materials depending on the purpose, with cobalt, nickel, manganese and lithium typically being the primary elements. The Bedford Report examines the outlook for companies in the Industrial Electrical Equipment Industry and provides research reports on A123 Systems, Inc. (NASDAQ: AONE) and Ener1, Inc. (NASDAQ: HEV). Access to the full company reports can be found at:

www.bedfordreport.com/2011-03-AONE

www.bedfordreport.com/2011-03-HEV

Despite losing its bid to produce batteries for the Chevrolet "Volt" last year, A123 Systems remains one of the most recognizable names in lithium-ion battery design. A123 recently announced a production contract with an unnamed "major North American automaker" to provide batteries for an electric car debuting in 2013.

The Bedford Report releases regular market updates on the Industrial Electrical Equipment Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.

Earlier this month A123's closest competitor, Ener1, said that it lost $10.9 million, or 8 cents per share, during the quarter ended Dec. 31. That compares with a loss of nearly $15 million, or 12 cents per share, in the year-earlier quarter. Revenue more than tripled last quarter to $33.1 million. Ener1 said the highlight of the year was the launch of a grid energy storage division that won a supply agreement with a division of the Russian Federal Grid Co.

The Bedford Report provides Analyst Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above-mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at http://www.bedfordreport.com/disclaimer

Contact Information