Navitas Systems LLC Completes the Acquisition of A123 Systems' Government Business

Navitas Systems LLC Completes the Acquisition of A123 Systems' Government
Business

New Division Called "Navitas Advanced Solutions Group"; Les Alexander
Appointed General Manager

WOODRIDGE, Ill., Jan. 30, 2013 (GLOBE NEWSWIRE) -- Navitas Systems LLC
(www.navitassys.com), a leading provider of energy-enabled system solutions
and energy storage products for commercial, industrial and government agency
customers, today announced that it has finalized its acquisition of
substantially all of the assets of A123 Systems' former Ann Arbor,
Michigan-based government business, including U.S. military contracts.Navitas
Systems' bid won the defense-related assets of A123 and was approved by the US
Bankruptcy Court on December 11^th, 2012. Navitas' acquisition represents the
final milestone in this transaction.Earlier today, Wanxiang America
Corporation announced that it has acquired substantially all of the
non-government business assets of A123 Systems, Inc. through a transaction
that has been approved by the Committee on Foreign Investment in the United
States (CFIUS).

Alan ElShafei, Chairman and Founder of Navitas Systems, said, "Beyond the
laboratory, intellectual property assets and government contracts we formally
gained today, we're delighted that all of our offers to the eligible employees
of the Ann Arbor, Michigan R&D facility were accepted.This enables Navitas to
keep intact all of the world-class scientists and engineers necessary to
develop and commercialize Nanophosphate lithium ion battery chemistry and
other advanced battery technologies being developed for critical military and
government applications."

In addition to keeping the Ann Arbor R&D team intact, Navitas has also hired
several key engineers from A123's Livonia Automotive Group who were working on
the productization of several government battery projects.Nancie ElShafei,
CEO of Navitas Systems said, "Part of the excitement of the Ann Arbor team is
because their research and development work now has a direct outlet to
exciting military and other governmental applications which the Navitas team
in Woodridge Illinois is cultivating.The second part of their excitement in
accepting the Navitas offers stems from the leadership of Les Alexander, who
will assume the role as General Manager of the newly titled organization,
'Navitas Advanced Solutions Group (ASG).'"

Les Alexander has deep experience in the lithium battery industry, and has
been an integral part of the Ann Arbor R&D team since the days of T/J
Technologies, a lithium battery technology firm which A123 Systems acquired in
2006."First off I would like to thank Alan and Nancie ElShafei and the
Navitas team for the vision of acquiring the A123 Government business.There's
no question that the last six months have been tough.But we begin 2013 with a
new company, a clear and well-funded path forward, and the enthusiasm and
support of our employees and customers to get on with the business of creating
and implementing advanced battery solutions which will have dual-use in both
government and commercial applications.We are literally 're-charged!'"

Lithium battery safety has been in the news of late, with the recent incidents
involving new Boeing jet aircraft.Alan ElShafei added, "Our scientists and
engineers know that high performance can't come at the expense of safety.We
have some exciting new initiatives on our technology roadmap in this
area.Navitas Systems will continue to commit and dedicate the resources
needed in working with industry leaders to reinforce safety as the top
priority."

About Navitas Systems, LLC

Navitas Systems, founded in 2010 and previously known as MicroSun Innovative
Energy Storage Solutions ("IESS"), is a woman-owned small business
headquartered in Woodridge Illinois.Located in a state-of-the-art 100,000
square feet facility-with local and offshore partners and solid financial
stability, Navitas is well positioned to continue serving major worldwide
customers.

What drives Navitas is the passion for bridging the gap between customer
challenges and environmentally and financially sustainable solutions.Navitas
Systems is a leader in integrated design, technology development, and
manufacturing, providing energy enabled system solutions and energy storage
products for commercial, industrial and government agency customers.Navitas
products range from customized energy storage solutions for motive,
idle-reduction and defense related applications, along with custom renewable
energy integrated power systems, to standard products like lithium based
lead-acid replacement batteries. For more information visitwww.navitassys.com
and follow@Navitas_Systems on Twitter.

CONTACT: Thomas Golab (630) 755-7920
         tgolab@navitassys.com
 
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