This document summarizes Jeff Kessen's presentation at an X PRIZE technology panel on July 28, 2010. It provides information about A123 Systems, including that it is a leading developer and manufacturer of lithium-ion batteries, has over 1,600 employees worldwide, and is investing over $1 billion to expand manufacturing capacity between 2009-2012. Kessen discusses A123's core markets in consumer/industrial products, electric vehicles, and electric grid applications. He highlights three of A123's programs: a hybrid electric bus program with over 40 million miles logged, an all-electric delivery truck, and a 12MW electric grid stabilization project in Chile. Kessen also notes that battery costs are expected to decrease dramatically in