Boston-Power Adds $55 Million in Growth Capital

Boston-Power, Inc., the rapidly growing provider of next-generation Lithium-ion batteries, announced $55 million in new funding. Boston-Power will use the new growth capital to scale manufacturing, sales, marketing, and research and development to meet strong global demand for Sonata Lithium-ion batteries. Initially targeting notebook computers, Sonata... 

Zongshen PEM Power Systems Inc. Announces Amendment to Master Support Agreement with Zongshen Industrial Group

Zongshen PEM Power Systems Inc., announced that it has reached an amending agreement (the “Amendment”) with its major shareholder, Zongshen Industrial Group (“ZIG”) to amend the Master Support Agreement (“MSA”) which was signed and announced in January 2008. The Amendment grants ZPP the exclusive global rights to...