Johnson Controls acts to facilitate A123 bankruptcy process

         Johnson Controls acts to facilitate A123 bankruptcy process

Agrees to change in debtor-in-possession funding to help maintain value of
A123 assets

PR Newswire

MILWAUKEE, Oct. 26, 2012

MILWAUKEE, Oct. 26, 2012 /PRNewswire/ -- In collaboration with A123, Johnson
Controls has chosen not to be the debtor-in-possession (DIP) lender during
A123's bankruptcy process to avoid potential delays posed by threatened legal
actions from Wanxiang. The parties believe this move is in the best interest
of the estate by ensuring an efficient process that will best preserve value
for creditors, employees and customers.

"We are concerned that back-and-forth posturing by other interested parties
may lead to confusion and anxiety for A123's employees and customers and thus
destroy underlying value in the estate," said Alex Molinaroli, president,
Johnson Controls Power Solutions. "We have agreed to step aside as the DIP
funder in order to keep the process moving and allow it to conclude in the
most efficient manner possible. We want to reassure employees, customers and
other stakeholders that Johnson Controls remains committed to our acquisition
of A123, which will keep a source of critical jobs, intellectual property and
advanced battery technology in the United States."

Johnson Controls maintains its $125 million offer for A123's automotive assets
as well as the stalking horse position in the bankruptcy process subject to
Bankruptcy Court approval, expected on Nov. 5, 2012. The company also plans to
expand its offer to include A123's government business, including military
contracts, during the bankruptcy process.

"A123's technology provides a combination of performance attributes that make
it well suited for a range of applications, including certain automotive and
military applications that are complementary to Johnson Controls' existing
portfolio," said Molinaroli. "We remain committed to serving the dynamic
global advanced battery market and continuing to build jobs in the United

About Johnson Controls

Johnson Controls is a global diversified technology and industrial leader
serving customers in more than 150 countries. Our 162,000 employees create
quality products, services and solutions to optimize energy and operational
efficiencies of buildings; lead-acid automotive batteries and advanced
batteries for hybrid and electric vehicles; and interior systems for
automobiles. Our commitment to sustainability dates back to our roots in 1885,
with the invention of the first electric room thermostat. Through our growth
strategies and by increasing market share we are committed to delivering value
to shareholders and making our customers successful. In 2012, Corporate
Responsibility Magazine recognized Johnson Controls as the #5 company in its
annual "100 Best Corporate Citizens" list. For additional information, please

About Johnson Controls Power Solutions

Johnson Controls Power Solutions is the global leader in lead-acid automotive
batteries and advanced batteries for Start-Stop, hybrid and electric
vehicles. Our 50 manufacturing, recycling and distribution centers supply
more than one-third of the world's lead-acid batteries to major automakers and
aftermarket retailers. Through our innovations we are building the advanced
battery industry for hybrid and electric vehicles. We were the first company
in the world to produce lithium-ion batteries for mass-production hybrid
vehicles. Our commitment to sustainability is evidenced by our world-class
technology, manufacturing and recycling capabilities.

         Rebecca Fitzgerald

CONTACT: (414) 524-2945

SOURCE Johnson Controls

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