------------- advertisement ----------------

Travis uses Personal Capital to monitor all of his brokerage accounts, savings and checking accounts and other financial assets -- know your net worth, know your asset allocation, give yourself the tools to understand your financial plan. Free.

Try it now, Personal Capital, great tools available for free.
-----------------------------------------------

Did Henry Chiang make coal and oil obsolete? “Chinese researcher unveils nighttime solar energy”

WP Greet Box icon
Welcome! If you are new to Stock Gumshoe, grab a free membership here and join us to get our free newsletter alerts with new teaser answers and debunkings. Thanks!
Not new? Please log in at top right of this page

This is now the second time we’ve seen a “nighttime solar energy” pick from the folks at Angel Publishing — last time it was for a solar spray-on film innovation, in a pitch for Green Chip Stocks Premium where they claimed that a company had “perfected sunless solar,” and this time it’s a pitch from Alternative Energy Speculator for a battery company that lets us use “solar at night.”

Here’s how this latest ad launches into our noggins:

“Chinese Researcher Unveils Nighttime Solar Energy At Private Investment Conference

“On July 12th, Henry Chiang presented the world with a way to power entire countries using solar at night…

“His secret technology, and the tiny startup firm that owns it, could earn you the easiest $131,500 you’ve ever made.”

I almost stopped reading right there, because, well, I really really really want to make an easy $132,000. But perhaps I can settle for a touch less? Let’s see who this Henry Chiang is, and what the stock is that Nick Hodge is teasing us about.

(And yes, I know that Nick Hodge was also the one who played a big role in pumping up the share price of AEHI, the nuclear scam, before it got shut down by the SEC … I’ll be generous and assume that he got buffaloed by that one in his excitement to tell an enriching story, he has, to be fair, also teased some ideas that turned out well).

So here’s what happened at this “unveiling:”

“… on July 12, 2010, he delivered a 23-minute speech in which he unveiled a technology he’d been waiting for the perfect time to reveal.

“So, as nearly every member at the Global Hunter Securities Conference sat on the edges of their seats, Henry Chiang described several key details of a project he’d been working on for years…

“A viable way to use solar power at night.”

Huh? Makes you wonder why none of us heard about this incredible-sounding project, eh?

Hodge goes on to tell us some of what many have probably already heard about solar power — that the sun is powerful enough to easily supply all the energy the planet needs, but that it hasn’t been stored efficiently enough to get anywhere near that promise, and that energy storage will be a key area of investment in the decade ahead. Stands to reason, after all — one of the key problems with solar and wind power is that it’s not constant, like burning coal can be, so you need some way to store energy, something the regular power grid really just can’t do.

And we’ve seen plenty of promises about energy storage — most rely on batteries, as you might expect, and on advancing into more and more efficient and cost-effective battery designs, but there are other ideas too, including hydro storage (pumping water into a dam, then feeding the water back through the dam to run turbines when needed) and flywheel power (remember Beacon Power? I wrote about a “next great thing” teaser for that company about three and a half years ago, since which they’ve been grinding along to actually opening a plant and generating revenue … and their investors have been ground up, too).

This tease, though it is masked in a story that seems much larger than the company itself, is all about batteries, too — specifically the fairly boring old NiMH batteries and some advancements that one company has apparently made in their design.

Oh, and Hodge tells us that in his brief presentation Henry Chiang “made coal and oil obsolete.”

No, stop laughing! Come on, that’s just mean.

Let me share a longer excerpt that gives some of the flavor of what Hodge says about this Chiang character — with, naturally, a couple lil’ clues thrown in for your friendly neighborhood Gumshoe:

“What he shared with the crowd at the Global Hunter Securities conference was his company’s progress on a rechargeable energy unit known as the NiMH (Nickel Metal Hydride) battery.

“Once thought of as a battery good only for powering calculators and watches, Henry has helped take this technology to an entirely new level.

“In fact, as I write this, his company has produced batteries that can run cars, planes β€” even a series of homes.

“And while there are hundreds of startups across the world looking to jump into the market…

“They don’t have anywhere near the experience to produce batteries that have the same recyclability, high power, high energy density, and long life that Henry’s batteries have.

“But the company I’m telling you about today isn’t a one-trick pony…

“Over the last decade, they’ve perfected several types of high-tech batteries β€” from the NiMH model I’ve told you about to lithium ion batteries.

“In fact, they’re already distributing them in Europe, North America, and Asia.

“And with several subsidiaries working on new ways to use batteries (like producing full-scale nighttime solar), not to mention their accredited R&D department, the company is about to spring from its Chinese headquarters to be the biggest battery company on earth.”

And then Hodge drew a connection that seems quite stretched to this particular observer — he quoted the New York Times as saying that “We are on the verge of the perpetual flight” in recounting the story of the Solar Impulse, a solar-powered plane that circumnavigated the globe right around when Chiang made his “famous” speech.

The Solar Impulse, in case you didn’t hear the story, is one of a long chain of developments in solar flight — their accomplishment was not just flying a plane on solar power, but in doing so in manned flight, which is a big deal principally because of the weight of the person, and also doing so with stored energy in the form of batteries when the sun wasn’t shining.

Of course, this isn’t the kind of thing that changes the world overnight — the Solar Impulse had a wing about the size of a commercial jetliner in order to get enough solar panels and lift, was made of carbon fiber, and ran on just four10 hp electric engines. Still, this did approach “perpetual flight” since the solar energy apparently provided enough to recharge the batteries and fly the plane. I may have gotten some of the details of that flight a bit wrong, but you get the gist: Boeing won’t be putting 140 seats on one of these anytime soon.

So this Solar Impulse project may or may not have anything to do with Henry Chiang and his “blockbuster speech.” Nick Hodge prefaces that Solar Impulse story by saying that …

“On July 8th (four days before what will no doubt be remembered as the famous speech Henry delivered at the Global Hunter Securities conference), it was proven that his technology is the closest we’ve ever come to infinite power.”

I think we might want to quibble about that “his technology” bit, since I see no indication that this particular company’s NiMH technology was used on the Solar Impulse (the only mention I saw on Solar Impulse’s site was of lithium ion batteries, though they weren’t very specific — the batteries were clearly not a big part of the project relative to the airframe and solar array design).

But I’m pretty sure that Hodge must be teasing a little company called Highpower Technology (HPJ — formerly called Hong Kong Highpower Technology).

And yes, if I’m right the whole rest of the advertising piece sounds like a bit of a stretch, frankly. HPJ does have some advancements in NiMH batteries, and their CFO has been making the rounds of investor conferences touting those advances, but they sound on the surface like they’re really evolutionary rather than revolutionary (remember, this is coming from your friendly neighborhood Gumshoe, and I ain’t no expert on battery technology). They do sell rechargeable batteries, and they’re reportedly a supplier to some brands you’ve undoubtedly heard of, like Energizer.

The particular advance that HPJ has apparently been trumpeting in these investor conferences — and I assume that includes the conference presentation that Nick Hodge is teasing us about, at which they did have a half-hour slot for a presentation by a dude named Henry (name changing is a standard ploy by these teaser-meisters, so it should come as no surprise that it was CFO Henry Ngan, not “Henry Chiang,” who presented for HPJ).

The brief description of their Ready to use (RTU) advancement in NiMH batteries is in a press release here — sounds fairly impressive, though I don’t know what the previous level of advancement was (the primary claim of this rechargeable battery seems to be longer life — 85% charge after a year, and capable of 1,500 charges). It’s hard to believe that Sanyo or Panasonic or even China BAK or BYD is quaking in its boots at the reading of that press release, but perhaps the accomplishment is greater than it appears to little ol’ me, even if it hasn’t gotten much attention from investors or the press.

So no, there isn’t a “Henry Chiang” if I’m right about this one — and the Henry that is part of this company and doing the presentations likely isn’t the scientist who’s trying to improve the NiMH battery (he is, after all, the CFO — not likely to spend a lot of time in the lab). There are, however, other good matches — beyond the fact that this company is advancing NiMH batteries, as teased, and did a presentation at the exact conference teased.

They also were given what Hodge calls a “Technology Innovation award” — the teaser includes a little spiel about the award this company won, calling the certificate a “holy grail” and includes the image of the actual certificate that they won. And that image happens to be, to my eye at least, lifted directly from HPJ’s press release on their website. In this case it’s a local award in Shenzen that they call the “”Innovation Award 2008 in Shenzhen” that appears to be related to their NiMH accomplishments and patent. Maybe all the innovation awards they give out look the same, but this one seems to have even the same characters and identifying numbers on it, though my eyes ain’t as good as they used to be.

I don’t know if it’s really a “holy grail” or not, though Nick Hodge goes on to mention several other companies that have won or “been considered” for innovation awards and the huge stock performance they’ve seen — which seems to be a bit of a stretch if you wish to imply that the performance of ABB (ABB) and Riverbed (RVBD) following the “innovation awards” those two entirely unrelated companies won in 2005 will follow at HPJ.

Back to some semblance of reality, HPJ is, as I noted, tiny and in a business dominated by giant Asian conglomerates — it has a market cap of less than $50 million and, according to Yahoo Finance, is a little more than 50% owned by insiders and controlling shareholders according to their last 10K (Mostly the CEO, who owns about a third of the company, and two VPs). It’s also profitable, with a trailing PE of about 8. There’s only one analyst, so take the forecast with a big ol’ grain of salt, but that analyst thinks they’ll earn more next year, giving them a forward estimated PE of about 5.

Do note that “smaller than $50 million” bit — that means that if I’m right about Hodge touting this stock, it could go up pretty dramatically just from that attention … and even if I’m wrong, the fact that I’m mentioning it in this space for the thousands of eager Gumshoe readers could certainly impact the share price as well (probably another reason, if you wish to psychoanalyze the Gumshoe, that I tend to be more skeptical when writing about these tiny stocks — I’d rather not pump up the shares for no reason). If so, the bump that share prices get from brief spurts of attention from folks like Hodge or yours truly is unlikely to last long, so don’t get excited and jump aboard because you’re afraid you’ve missed the train. This one was a little tricky to suss out and it’s a new teaser, as far as I can tell, so it’s not surprising that the stock is down on China news more than it’s up on Nick Hodge attention, down better than 4% today so far — though that could certainly change.

So … on my admittedly quick glance at the stock that I think must be Nick Hodge’s heavily teased pick, I see a company that sells NiMH batteries, that might have some sort of innovative design that improves such batteries, and that is profitable and appears reasonably priced. I find it hard to get from there to an earth-shaking profit moment, and it’s always worthwhile to be at least a little bit suspicious of tiny Chinese companies whose innovations are primarily covered in their own press releases, but that doesn’t mean it’s impossible that this could become a much bigger player in the battery business. It is, at least, a lot cheaper than many of the dramatically overhyped lithium ion battery companies we’ve seen before.

And as with all things I note in this space, I’m sure one of the members of the great Gumshoe Faithful is far more informed about battery technology, NiMH advancements, and probably HPJ than I am — if so, I hope you’ll chime in and let me know what I’m missing. Or if you’re new to HPJ like I am, well, I’d be pleased to hear your opinion too.

Finally, if you’ve taken a spin around the block with the Alternative Energy Speculator, please click here and take a moment to review it for your fellow investors — we’ve received only one review for this one so far, and that was a year ago, so inquiring minds are, well, inquiring: any good, or no?

Print Friendly Version Email This Email This

36 Responses to Did Henry Chiang make coal and oil obsolete? “Chinese researcher unveils nighttime solar energy”

  1. HPJ was promoted to me in early Nov 2010 by the Alternative Energy wing of Angel Publishing. I took the gamble and have an average cost of $3.60 per share. Today its trading at $3.53 which has been it's highest since I bought in. So I hope the pump and dump is working this time as I would like to sell and move into something a little safer. Keep up, keeping up, Mr J.

  2. Sounds exactly like Eneloop batteries. Ready To Use batteries are the next evolution of the Nimh batteries. They provide no more power but to hold charge longer. But nearly every manufacturer has had these on the shelves for quite some time now (greater than a year anyway). So any profits they would get from this technology should already be starting to show on the books.

  3. this may be old news, but looks like Mr Ngan has been replaced by Mr Sun as CFO and it looks to have some bering on the last 40 cent spike in share price.

  4. I am pretty amazed by the interests & enthusiasm of the folks (in US) in the stocks of tiny and unproven Chinese companies. Having spent majority of my last 8 years in China, I can tell you that the accounting standards are pretty lax (or – pretty lack), the "awards" can be bought (by being sponsors of some conferences or tradeshows – they will hand over those innovation awards to sponsors, no exceptions), revenues can be fake, and a lot of companies seek out IPO's not to really seek capital to expand, but to let the founders or owners cash out, and, companies (and their revenues) can disappear overnight.

    Granted, there are some good companies that are making solid progress and building their brand & technology (BYD comes to mind, in this field), but one has to be really careful and diligent in research – including on-the-ground visits & testing of the real products. I will not trust any of these promo newsletters or on-the-road presentations. It breaks my heart to see people throwing their life savings/pensions/etc chasing some of these "hot" Chinese companies – without ever knowing China and its business environments/challenges. I feel I am seeing more like gambling (for the numbers), not investing, here – in the comments section. A lot of risk-taking indeed.

    Same about the "mines" — those mines can be taken at a wink of local/central government. I once had a maid who saved the money I paid her over the years and went with her husband to invest in (and also operate) a mining operation. Both had very little education — and knew nothing about mining. Heard the mine was shut down a year later. But there are many many such operations/companies in China.

    Good luck… A lot of you will need that.

  5. Gumshoe, seems you are right about your ability to add to the pump of these pump and dump microstocks. Since your email went out today the share price is up 40c (12.5%). Lets see how long the "GS Effect" can last on an $50 million cap company.
    I love your newsletters/website and was always wondering just how much your ruminations are actually able to effect the market that you are trying to analyze.
    That being said, I have a good contact with a European scientist who is developing a battery for a Chinese company and he suggests that HPJ is a good company but probably wont make you $132K from a $1K investment.
    Keep up the good work. Its an unfortunate fact of life that in exposing these pump and dump teases you will have a (hopefully small and very temporary) reinforcing effect.

  6. I have to agree that energy storage is currently the holy grail for renewable resources such as wind and solar. As TJ notes, coal is always there when you need it, not relying on the whims of Mother Nature. The bigger problem though is that until you have enough storage to take coal power offline, you still have to pay for the plant and all the infrastructure to keep it viable. And that makes renewable power an add-on expense rather than a replacement.. And I thankyou Maze for the China insight.

  7. You are right about the batteries not being used on the 24 hour solar flight. From Wikipedia: The major design constraint of the project is the capacity of the lithium polymer batteries. Over 24 hours, in the best conditions, the power train will deliver an average of 8 hp (6 kW), roughly the power used by the Wright brothers' Flyer in 1903.[7] As well as charge stored in the batteries, the aircraft uses the potential energy of height gained during the day for night flight.[9]

  8. ENER1, (HEV) had their ceo announcing a large joint venture with giant chinese manufacturer last week on cnbc. they seem to have the advanced technology ni-on batterys and are getting actual contracts. BYD is a solid play also. Maybe the fits and starts in this fledgling industry will smooth out as more and more vehicles especially in asia are powered with the batterys. I think there will be plenty of room for multiple players as demand increases. and hey, when i go to the bank they never ask me if my profits were from a pump and dump and send me away with my head down. I would appreciate thoughts on HEV, thats the one I am looking at. thanks.

  9. I talked to IR at HPJ and she had never heard of Henry Chiang. She also was at the Hunter Securities presentation and indicated none of the supposed exciting information was presented or even in existance in the company.

  10. Having read the whole teaser it got me wondering. Where are we supposed to find enough nickel to make batteries that can store all that energy? I mean, basing the world economy on stored energy like Hodge gushes would take a billion tons of batteries. THAT'S what made me laugh! Maybe in 200 years IF the ocean floor is loaded with recoverable nickel might that happen.

  11. Whats more incredible than increased energy storage density in a battery, is the increased number of snake oil salesmen and charlatans willing to sell investors a bill of goods on thin, virtually non-existant scientific evidence. 100 percent certainity before they get their hands on your money, a high risk venture after they get your money and you lost it.

  12. NOW SO FAST….. Nick hodge was stright up on (AEHI) Last friday a federal judge reversed his ruling and unfroze all assits…. they are back up and running…. check the gain it made on 02-04 220%

  13. The true future of grid-tied, mass energy storage most likely lies within the technology of the vanadium redox flow battery, the work pioneered by Aussie Maria Skyllas-Kazacos.

    It's infinitely scalable, and much, much 'deeper' with respect to robost rechargeability than is either Li or NiMH, at present.

    Alas, all the producer/researchers in this tech seem to be private, as far as I have been able to discern. The only listed co I've encountered was the Candian venture-listed VRB, which looks to have been 'too early', and went belly up.

    Any new insights from this august assemblage would be most welcome!

  14. How do these stock pumpers get away with all this BS? Mr. Gumshoe you do take a lot of the excitement out of investing, and save a lot of "arses" in the process. After reading your comments and some of the posts, it tends to bring one back to earth, or at least to common sense realities of investing

  15. i came up with HPJ too.
    i paused the video at the "award certificate" and googled the award number and came up with the filing on ip.com
    http://ip.com/patapp/CN1688062

    it was filed by one "haopeng science and technology". upon visiting the haopeng website, the english name was found to be "international highpower", ticker HPJ, formerly known as hong kong highpower.

    in a newsletter pushing the teaser video, HPJ is actually mentioned, though not as the "henry chiang" company (http://www.wealthdaily.com/articles/battery-company-stocks/2428). maybe nick was trying to give us a freebie, or to throw off our sleuthing (if it's right under your nose, it can't be it, right?). but to be frank, for whatever reason, i really think that most of these videos offer up enough clues to allow companies to be deciphered with a little research and that this was intentional. maybe getting people to buy by reverse psychology — if you tell people directly, they think its a scam, make them work a little, and they think they're on to a gold mine.

    i'm letting this pass, and unsubscribing from energy and capital newsletters after a couple of months, now that i know the sort of stuff they're in to. speculation always hurts the average guy on the street. value investing FTW.

  16. Thanks for being a watchdog……… I also got the info about an amazing, incredible , revolutionary Chinese energy stock. I reasoned that I could figure out what the company was with a little bit of research effort, & came across your website. Now I will continue to research with due diligence, with your info-based caveats in mind!

  17. Gumshoe, perhaps your shoes are so full of gum that you stay in one place. Instead of puitting sh*t on Nick Hodge, perhaps you could have done 5 minutes of research (as I did) and you would have found the 'real' 'Henry' Chiang. His company is called A123 Systems and it is listed on NASDAQ and they really are world leaders in battery technology. Share price is around $5.70 and has an upside at least 3-5 times that if Nick is right.

  18. Well, finally someone supportive of Nick :-)
    This A123 and its MIT guys certainly look a lot more impressive than some — excuse me — obscure Chinese geniuses in Shenzhen or elsewhere.
    But that's not the point, actually, whether it's about HPJ, A123 or somebody else. The point is whether the teaser is plausible or not, or, more generally, whether the entire story — a breakthrough and breathtaking advance in a relatively mature technology — is credible.
    My answer (sorry TomL) is NO to both.
    The teaser gives buy advice on the basis of very few FACTS. A presentation in a conference, especially in an investor conference (again, my apologies), where people are prepared and actually willing to listen fairy tales, means next to nothing.
    The fact that the sun could power us forever is neutral — has nothing to do with batteries in general and this company in particular.
    That innovation award is a logical fallacy of the post hoc type. I'm European and around here we're fed up with zillions of quality awards the Spaniards have flooded the continent with — last time I checked it would have cost you like $5k to have your company receiving THE Global Quality Award from a definitely very prestigious-named organization (the fee included one week accommodation for two in Madrid).
    The other thing is more fundamental, so to speak, and it borders philosophy of science. Take a historical view of virtually any technology and you'll see that breakthroughs are taking place (if at all) in the relatively early stages of development of that technology.
    By 1920 or 1930 all technological breakthroughs in car engines had pretty much been invented; since then, little fundamental advances have been made — rather slow, innovation-based improvements that altogether increased efficiency, reliability, decreased consumption etc… but all those in nearly one century. Same for aviation, electronics, let alone more mature industries like mining or metallurgy… hmmm, even investment services haven't changed much, have they?
    NiMH and Li-Ion are certainly not old technologies, but for this sector they aren't on their maiden voyage either. Imho there's little room left for big surprises here and I'd be very skeptical of someone claiming the contrary. And you can tell that if you look to the numbers mentioned above — improvements from 75% to 85% are considered a big deal, or storage duration growing from two to three years (a rather useless feature, if you ask me — who needs to store what kind of energy for years??? If the sun doesn't shine or the water doesn't flow for years I guess there will be worse things happening to us than running out of electricity…).
    All these are incremental improvements, not the kind of technological breakthroughs able to boost stocks by 1,000% in weeks.
    What I'd be looking to in our sector is a battery that A) can be deeply recharged not 1,000 or 1,500 times, but at least 5-10,000 times, if not 50,000 times, B) has an energy density of at least 30-50% of fossil fuels', C) is made of ordinary materials (that can be recycled) rather than of vanadium, or lithium, or rare earths, and D) is cheap to make, maintain and use. Now THAT would be a game changer. I'd care a lot less about the thing storing electricity for a century; imho anything above a couple of months is unnecessary.
    And btw, Clive — sky's the limit for A123's stock price, not 5-7 times, as Nick says. But it looks like his teaser was not issued very recently — you and I seem to be second-hand investors, we get the refuse from others ;-) — but five months ago, in January. Back then A123's price was about double what it is today. And it was around $25 some 20 months ago; this certainly isn't terribly encouraging, is it?
    HPJ didn't fare much better either, Stuart above must be angry too — his investment has also about halved in value since Nick firstly sent out his teaser.
    Miracles just don't lie around every corner, people. I'm not an investor, but for those who are, my first advice would be (at least when it comes to sophisticated technology stocks) — stick with what you understand. If you can't tell even vaguely what vanadium redox flow is, then it's probably not for you, chances are you'll just get your fingers burned.
    And be skeptical.
    Night everybody and my apologies for this novel, I have this bad habit of writing unnecessary long messages.

  19. http://www.greencarcongress.com/2011/06/dicp-2011
    Researchers at the Dalian Institute of Chemical Physics (DICP) of the Chinese Academy of Sciences report that a 2 kW vanadium redox flow battery under development there for grid storage has been in operation for 1,429 days as of 4 June, with a total running time of more than 34,000 hours and 10,000 charge/discharge cycles.
    This is the second vanadium flow system to attain the 10,000 charge/discharge mark, the first one being done by Sumitomo Electric in Japan, DICP said.
    The DICP team led by Hua Min Zhang began work in 2000. To speed up the development of flow energy storage battery technology, the research team and the Industrial Investment Co., Ltd. set up Dalian Raycom Energy Storage Technology Development Co., Ltd. in October 2008, specializing in fluid engineering and industrial storage batteries.

  20. The overnight solar backed Flight has been reported by Reuters:Solar Impulse, whose wingspan is the same as an Airbus A340, flew 26 hours and 9 minutes, powered only by solar energy stored during the day. It was also the longest and highest flight in the history of solar aviation, organizers said.There is no mention of HENRY CHANG and NiMH Batteries used for Power. Can you explain?

  21. Loved the XDSL story, one of the better examples of an idea that couldn't match the hype. Or maybe I just loved that they staged their huge "demonstration" project at a steakhouse … back down to a penny now, though they do oh so earnestly say that they're "positioning" for federal funding.

  22. Nice voice of reason there, Maze, but one can't quell the desire of the fortune hunter entirely! The big inflation scare seems to be reintroducing "risk" the equation, at least.

  23. Good initiative! It all depends on what you call "exciting," I guess — that conference, by the way, was host to a huge number of companies, 100 or so, and I bet most of them presented their standard IR presentation and nary a one said anything that changed the world — though I bet a good copywriter could make each one of them look like the next General Electric :)

    You can see the lineup from the conference and a one-page breakdown of each company here, by the way: http://www.capmarkets.com/viewfile.asp?ID1=0&…

  24. A federal judge did "unfroze" the company assets, rolling back the "freeze" that the SEC got in mid-December, but they're on a pretty tight leash (I think I read that they have to get court approval to spend more than $2,500) and this is a very preliminary step — this does not mean that they're off the hook on the SEC accusations, the trial has not really begun yet.

    If you want to trade off of the various steps in the trial, enjoy — definitely not my cuppa tea. I don't know whether Hodge was "straight up" about AEHI when he first teased it, or if he thinks people should invest in AEHI today, but I would be really shocked if he told his readers to buy it now.

  25. Check out Nickel Zinc batteries. These holt a 90% charge for over 12 months.
    This sounds pretty good to me . The only other Battery that is better though large & expensive is the Vanadium Redox flow battery.
    Cheers Kiwi

  26. Clive – his name is Chiang but not Henry. The technology is owned by MIT where he is a professor and developed it. It's licensed to him from MIT so I don't believe A123 is the Chinese company Hodge is talking about. Full disclosure: I'm working with a US private company whose battery will permit a car to go over 130 miles on a single charge. It will be tested soon as part of a DOE application so I'll see if it's real.

  27. Well, it sure sounds like you know what your are talking about. If you don't, you have a great line of B.S.

    Hopefully the first is correct.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>