A123 emerges

Battery maker A123 Systems put out a press release yesterday describing the company's efforts and progress to date. Using proprietary nano-scale electrode technology, the company promises dramatic performance benefits for its products, and has already locked in a couple of key customers.

Also mentioned is that the company has raised $32M so far, from investors including Desh Deshpande (the founder of Sycamore Networks), Qualcomm, Sequoia Capital, Motorola, North Bridge Venture Partners, MIT, YankeeTek and U.S. Army-funded OnPoint Technologies.