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Follow on Google News | A123 Systems Manufacturer of AONE Batteries Sees Heightened Hope For Lithium-Ion IndustryThe Obama Administration recently visited Holland, Michigan to announce the construction of a $303 million plant set to produce lithium-ion batteries for advanced-technology vehicles by manufactures like Chevy and Ford.
By: Jason Mancini “The president’s initiative to make the U.S. a cleaner and greener place has really begun to show, and companies involved in the proper sectors could see stocks rise substantially, and business production soar as a result” said Palatine Financial Analyst Scott Frestic. President Obama has claimed that the U.S. is currently producing only 2% of the world’s batteries, and that by 2015 it will be up to 40% or more. The president has stated on several occasions now that his goal “has never been to create a government program, but to unleash private sector growth and we are seeing results.” A123 Systems one of the world’s leading suppliers of high-power lithium-ion batteries based in the U.S. is very excited at the Obama administration’ Recently the company became the first major U.S. battery manufacturer to earn TS 16949 Certification for Automobile Design and Manufacturing, demonstrating high quality global production capabilities. The recent award coupled with the presidents promises will continue to help the company excel and prosper moving into years ahead. “AONE has seen its ups and downs over the past month but with renewed confidence in the sector provided by the president, and a industry that has just begun to get on its feet and walk, we expect companies like A123, who have shown they are a global competitor, to begin to see bullish share prices moving forward” said Theo Dabinsky, Chief U.S. Economist at Palatine Financial. # # # As a full service wealth management and financial services group, Palatine Financial is dedicated to providing individualized services that comprehensively meet all of our clients’ needs. Visit http://www.palatinefinancial.com for more information. End
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