Strategic Materials Advisory Council Reaffirms Opposition to A123 Sale to Wanxiang

  Strategic Materials Advisory Council Reaffirms Opposition to A123 Sale to
  Wanxiang

Business Wire

WASHINGTON -- January 3, 2013

The Strategic Materials Advisory Council (“the Council”) released the
following statement regarding the pending sale of A123 Systems to Wanxiang
Group Corporation:

“The Council continues to call on the Committee on Foreign Investment in the
U.S. (CFIUS) to carefully scrutinize the sale of A123 Systems to Wanxiang.
Supporters of the sale have attempted to allay our concerns and those of
dozens of Democratic and Republican Members of Congress by downplaying the
criticality of A123’s technology. Their arguments contend that A123’s
technology can be segregated by application; we continue to assert that these
claims are questionable, and the pending sale poses a long-term threat to
American economic and national security. Just one example of those concerns is
the fact that the Pentagon would still rely on Wanxiang’s technology and
supply chain for future U.S. military operations and equipment, even though
the company did not acquire A123’s government contracts business.

A123’s Lithium Iron Phosphate (LFP) Nanophosphate EXT is a breakthrough
technology that is far more advanced than any known existing LFP alternative.
The imminent decision by CFIUS on the sale will decide the fate of a
technology that would enable the United States to remain an important player
in twenty-first century power grid, satellites, and countless defense systems.
We urge CFIUS members and all U.S. government leaders involved in the review
to carefully consider the implications of this technology loss.”

A description of the Council’s technical rebuttal is available here.

About the Council

The Strategic Materials Advisory Council is a coalition of former U.S.
Government leaders and industry experts who have significant experience with
strategic and critical materials through decades of service in the public and
private sector. The Council was formed with the clear objective to promote
policy solutions that ensure continued access of both U.S. industry and
military to those materials needed to support a robust 21st century economy
and military.

Contact:

Secretary Dean G. Popps
Co-chair, Strategic Materials Advisory Council
Former Army Acquisition Executive & Acting Assistant Secretary of Defense for
ALT
info@strategicmaterials.org
202-412-7478
 
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