Mid-Continent Instrument Signs Agreement with A123 Systems Inc

Boston.com reported that Mid-Continent Instrument has signed an agreement with A123 Systems Inc. (NASDAQ:AONE) where A123 will provide advanced Nanophosphate lithium-ion battery technology for aviation applications.

As quoted in the market news:

A123 could use a lift. In March, the company said it would spend $55 million to fix a defect in some of the components it produces for car batteries, another setback to a company that recently had millions of dollars in orders canceled by one of its biggest customer

Click here to read the full Boston.com report.