New York, NY -- (ReleaseWire) -- 01/25/2013 --Cereplast, Inc. (OTC:CERP) provided a shareholder update and an outlook for 2013. Cereplast has created additional liquidity through the generation of approximately $500,000 in revenue over the last six weeks while continuing to focus on restructuring its operations to further position the Company for growth throughout 2013.
Cereplast, Inc. (Cereplast) is engaged in developing and commercializing bio-based resins through two product families: CereplastCompostables Resins, which are compostable, renewable, ecologically sound substitutes for petroleum-based plastics, and CereplastSustainables resins (including the Cereplast Hybrid Resins product line), which replaces up to 90% of the petroleum-based content of traditional plastics with materials from renewable resources.
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Wanxiang America’s winning $256.6 million bid for A123 Systems, Inc. (PINK:AONEQ), which beat out Glendale-based Johnson Controls Inc., has led Johnson Controls, federal lawmakers and other groups to raise red flags about the sale of A123, which received federal stimulus dollars, to a Chinese subsidiary. A123 also has some U.S. military contracts, although that part of the business was sold separately to an Illinois-based company.
A123 Systems, Inc. designs, develops, manufactures and sells rechargeable lithium-ion and energy storage systems. In the transportation industry market, the Company works with global automotive manufacturers and tier 1 suppliers to develop batteries and battery systems for hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs) and electric vehicles, (EVs).
Find out where AONEQ could be headed here: http://www.wallstreetscoop.net/market-scan/?symbol=AONEQ
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