A Victim of Federal Bias? Advanced Lead Acid Battery Company, Firefly, Goes Bankrupt

When we last brought you news about Firefly nearly two years ago, it was of a more hopeful nature: I had a chance to sit down with the company’s then-Senior Vice President, Mil Ovan, and discuss Firefly’s future.

At the time, Firefly seemed like it was set to take off. With lucrative military and private contracts to change out those institutions’ old hat lead-acid batteries with new ones that were supposed to provide much higher durability, longer charge capacity, and less sensitivity to temperature changes in a lighter and more compact package.

Well, that future is no more. Firefly has officially closed up shop and filed for bankruptcy. Chapter 7 to be exact. The one where all that’s left of the company is liquidated in a fire sale. (more…)