NEW YORK A123 Systems
Inc. is changing its name to B456 Systems Inc., according to a
filing with the U.S. Securities and Exchange Commission.
Waltham, Mass.-based A123, a
developer and manufacturer of lithium-ion batteries, earlier
this year sold a majority of its businesses to Wanxiang America
Corp., a unit of Chinese parts maker Wanxiang Group (
amm.com, Dec. 10).
The change was made to reduce
confusion between businesses now operating successfully under
Wanxiangs ownership and the A123 businesses still
involved in bankruptcy proceedings, Jeff Kessen, director of
global marketing at A123s Automotive Solutions Group,
wrote in a blog on the companys website.
"The ongoing businesses in
automotive, grid energy storage and lead-acid replacement
continue to operate under the A123 brand, and our legal name is
A123 Systems LLC," Kessen said, noting that he hoped the
announcement would clarify the "distinction between the old
Inc. and the new LLC. "