SOURCE: The Bedford Report

The Bedford Report

April 13, 2011 08:16 ET

Energy Storage Companies Poised for Impressive Revenue Growth

The Bedford Report Provides Analyst Research on A123 Systems & Advanced Battery Technologies

NEW YORK, NY--(Marketwire - Apr 13, 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 Advanced Battery Technologies, Inc. (NASDAQ: ABAT). Access to the full company reports can be found at:

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 and get exclusive access to our numerous analyst reports and industry newsletters.

Advanced Battery Technologies is a leading manufacturer and distributor of rechargeable polymer lithium-ion batteries. The company is also involved in the development and manufacturing of electric bikes, scooters and sports utility vehicles. The company is operational in the United States, Asia and Europe.

Last month Advanced Battery Technologies reported total 2010 revenues of $97.1 million -- a 53 percent year on year improvement. The company attributes the increase in revenues to the contribution of sales from the electric vehicle business, which ABAT acquired in 2009. Sales of electric vehicles for 2010 were $49.2 million as compared to $20.3 million for 2009.

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

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