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Published online 24 September 2009 | Nature | doi:10.1038/news.2009.948
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Battery business boost
University spin-out opens trading as a billion-dollar company.
One university spin-out company has suddenly turned investors batty for batteries. A123 Systems, a rechargeable-battery manufacturer founded in 2001 by materials scientist Yet-Ming Chiang and colleagues from the Massachusetts Institute of Technology in Cambridge, got a flying start to its life as a publicly traded company.
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