A123Systems has developed a new generation of Lithium-ion batteries, that will deliver up to 10X longer life, 5X power gains and dramatically faster charge time compared to conventional Lithium technology, as validated by independent testing at Motorola and government research labs. They are delivering batteries to Black and Decker with unprecedented power, safety, and life as compared to previously used batteries. Their batteries use proprietary nanoscale electrode technology built on research at Massachusetts Institute of Technology (MIT) and exclusively licensed from MIT.