Welcome!

Agile Computing Authors: Liz McMillan, Elizabeth White, Igor Drobiazko, Yakov Fain, Dana Gardner

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 [email protected]_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.

@ThingsExpo Stories
This is not a small hotel event. It is also not a big vendor party where politicians and entertainers are more important than real content. This is Cloud Expo, the world's longest-running conference and exhibition focused on Cloud Computing and all that it entails. If you want serious presentations and valuable insight about Cloud Computing for three straight days, then register now for Cloud Expo.
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
So, you bought into the current machine learning craze and went on to collect millions/billions of records from this promising new data source. Now, what do you do with them? Too often, the abundance of data quickly turns into an abundance of problems. How do you extract that "magic essence" from your data without falling into the common pitfalls? In her session at @ThingsExpo, Natalia Ponomareva, Software Engineer at Google, will provide tips on how to be successful in large scale machine lear...
IoT device adoption is growing at staggering rates, and with it comes opportunity for developers to meet consumer demand for an ever more connected world. Wireless communication is the key part of the encompassing components of any IoT device. Wireless connectivity enhances the device utility at the expense of ease of use and deployment challenges. Since connectivity is fundamental for IoT device development, engineers must understand how to overcome the hurdles inherent in incorporating multipl...
The paradigm has shifted. A Gartner survey shows that 43% of organizations are using or plan to implement the Internet of Things in 2016. However, not just a handful of companies are still using the old-style ad-hoc trial-and-error ways, unaware of the critical barriers, paint points, traps, and hidden roadblocks. How can you become a winner? In his session at @ThingsExpo, Tony Shan will present a methodical approach to guide the holistic adoption and enablement of IoT implementations. This ov...
We’ve worked with dozens of early adopters across numerous industries and will debunk common misperceptions, which starts with understanding that many of the connected products we’ll use over the next 5 years are already products, they’re just not yet connected. With an IoT product, time-in-market provides much more essential feedback than ever before. Innovation comes from what you do with the data that the connected product provides in order to enhance the customer experience and optimize busi...
The IETF draft standard for M2M certificates is a security solution specifically designed for the demanding needs of IoT/M2M applications. In his session at @ThingsExpo, Brian Romansky, VP of Strategic Technology at TrustPoint Innovation, will explain how M2M certificates can efficiently enable confidentiality, integrity, and authenticity on highly constrained devices.
Artificial Intelligence has the potential to massively disrupt IoT. In his session at 18th Cloud Expo, AJ Abdallat, CEO of Beyond AI, will discuss what the five main drivers are in Artificial Intelligence that could shape the future of the Internet of Things. AJ Abdallat is CEO of Beyond AI. He has over 20 years of management experience in the fields of artificial intelligence, sensors, instruments, devices and software for telecommunications, life sciences, environmental monitoring, process...
SYS-CON Events announced today that Ericsson has been named “Gold Sponsor” of SYS-CON's @ThingsExpo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. Ericsson is a world leader in the rapidly changing environment of communications technology – providing equipment, software and services to enable transformation through mobility. Some 40 percent of global mobile traffic runs through networks we have supplied. More than 1 billion subscribers around the world re...
SYS-CON Events announced today that Stratoscale, the software company developing the next generation data center operating system, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Stratoscale is revolutionizing the data center with a zero-to-cloud-in-minutes solution. With Stratoscale’s hardware-agnostic, Software Defined Data Center (SDDC) solution to store everything, run anything and scale everywhere...
Angular 2 is a complete re-write of the popular framework AngularJS. Programming in Angular 2 is greatly simplified – now it's a component-based well-performing framework. This immersive one-day workshop at 18th Cloud Expo, led by Yakov Fain, a Java Champion and a co-founder of the IT consultancy Farata Systems and the product company SuranceBay, will provide you with everything you wanted to know about Angular 2.
SYS-CON Events announced today that Men & Mice, the leading global provider of DNS, DHCP and IP address management overlay solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. The Men & Mice Suite overlay solution is already known for its powerful application in heterogeneous operating environments, enabling enterprises to scale without fuss. Building on a solid range of diverse platform support,...
In his session at @ThingsExpo, Chris Klein, CEO and Co-founder of Rachio, will discuss next generation communities that are using IoT to create more sustainable, intelligent communities. One example is Sterling Ranch, a 10,000 home development that – with the help of Siemens – will integrate IoT technology into the community to provide residents with energy and water savings as well as intelligent security. Everything from stop lights to sprinkler systems to building infrastructures will run ef...
You deployed your app with the Bluemix PaaS and it's gaining some serious traction, so it's time to make some tweaks. Did you design your application in a way that it can scale in the cloud? Were you even thinking about the cloud when you built the app? If not, chances are your app is going to break. Check out this webcast to learn various techniques for designing applications that will scale successfully in Bluemix, for the confidence you need to take your apps to the next level and beyond.
Manufacturers are embracing the Industrial Internet the same way consumers are leveraging Fitbits – to improve overall health and wellness. Both can provide consistent measurement, visibility, and suggest performance improvements customized to help reach goals. Fitbit users can view real-time data and make adjustments to increase their activity. In his session at @ThingsExpo, Mark Bernardo Professional Services Leader, Americas, at GE Digital, will discuss how leveraging the Industrial Interne...
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
Increasing IoT connectivity is forcing enterprises to find elegant solutions to organize and visualize all incoming data from these connected devices with re-configurable dashboard widgets to effectively allow rapid decision-making for everything from immediate actions in tactical situations to strategic analysis and reporting. In his session at 18th Cloud Expo, Shikhir Singh, Senior Developer Relations Manager at Sencha, will discuss how to create HTML5 dashboards that interact with IoT devic...
The increasing popularity of the Internet of Things necessitates that our physical and cognitive relationship with wearable technology will change rapidly in the near future. This advent means logging has become a thing of the past. Before, it was on us to track our own data, but now that data is automatically available. What does this mean for mHealth and the "connected" body? In her session at @ThingsExpo, Lisa Calkins, CEO and co-founder of Amadeus Consulting, will discuss the impact of wea...
There is an ever-growing explosion of new devices that are connected to the Internet using “cloud” solutions. This rapid growth is creating a massive new demand for efficient access to data. And it’s not just about connecting to that data anymore. This new demand is bringing new issues and challenges and it is important for companies to scale for the coming growth. And with that scaling comes the need for greater security, gathering and data analysis, storage, connectivity and, of course, the...
Digital payments using wearable devices such as smart watches, fitness trackers, and payment wristbands are an increasing area of focus for industry participants, and consumer acceptance from early trials and deployments has encouraged some of the biggest names in technology and banking to continue their push to drive growth in this nascent market. Wearable payment systems may utilize near field communication (NFC), radio frequency identification (RFID), or quick response (QR) codes and barcodes...