SATC Satcon Technology Corp. (MM)

SatCon Technology Corporation(R) (Nasdaq:SATC), a developer and manufacturer of power electronics and motors for the alternative energy markets, today announced that it has successfully listed five additional PowerGate(TM) AE-PV Series utility-grade photovoltaic inverter designs on the California Energy Commission's (CEC) list of eligible inverters. With the approval of these models by the CEC, SatCon now has the widest range of products available and the most efficient inverters for commercial-scale photovoltaic projects in North America. The CEC closely tests and monitors all inverter products in an effort to ensure the integrity of the State's incentive programs. The efficiency rating of the PowerGate(TM) AE-PV 75kW and 135kW models tested and accepted was 95.5%, with peak efficiencies in excess of 96%. These are the highest efficiency ratings that have been given to any of the 80+ photovoltaic inverters listed by the Commission - http://www.consumerenergycenter.org/cgi-bin/eligible_inverters.cgi. The efficiency values are important to purchasers of solar PV systems as they are used to determine the amount of rebate incentive available to the purchaser, and enable the owner/operator to accurately calculate the payback of the total photovoltaic system. "We are pleased with the performance of our PowerGate(TM) products," stated Millard Firebaugh, SatCon's President and Chief Operating Officer. "The tremendous efficiencies of this product combined with its overall reliable performance have enabled us to ship over 6 megawatts of commercial PV inverters so far this year, with another 4 megawatts in the backlog. In addition, we have some other exciting products in the R&D pipeline that will firmly establish SatCon as the industry leader in the commercial PV inverter market." The PowerGate(TM) Series inverters offer very sophisticated software driven controls that allow the unit to maximize the kWh exported. This software, coupled with a proprietary design, enables the inverters to supply more power to the electrical grid, shortening the payback cycle for the entire photovoltaic power system. "With California leading the way in the North American photovoltaic market, we are confident that we can leverage this successful product introduction into the growing grid-connected markets of New Jersey, New York, and elsewhere," commented Firebaugh. "This product line is the direct result of our vast experience in power electronics which has allowed us to improve our efficiencies and offer our customers a quicker payback on their initial investment." The PowerGate(TM) AE-PV Series inverter is a commercial-grade product available in 208, 240, and 480 volt models for grid-connected operation in low and medium voltage applications as single unit and parallel multi-megawatt systems. The PowerGate(TM) is a completely integrated package with all electrical and control system components pre-assembled and tested in a common enclosure. This minimizes installation time by reducing field wiring and site testing and greatly reduces the equipment footprint, while improving reliability of the system. The PowerGate(TM) is available in power ratings from 30kW to 500kW, and meets all requirements of UL1741 and IEEE1547. SatCon also designs and builds inverters for fuel cells, wind turbines, plasma incineration, and advanced energy storage applications. About SatCon Technology Corporation SatCon Technology Corporation is a developer and manufacturer of electronics and motors for the Alternative Energy, Hybrid-Electric Vehicle, Grid Support, High Reliability Electronics and Advanced Power Technology markets. For further information, please visit the SatCon website at http://www.satcon.com. Statements made in this document that are not historical facts or which apply prospectively are forward-looking statements that involve risks and uncertainties. These forward-looking statements are identified by the use of terms and phrases such as "believes," "expects," "plans," "anticipates" and similar expressions. Investors should not rely on forward-looking statements because they are subject to a variety of risks and uncertainties and other factors that could cause actual results to differ materially from the Company's expectation. Additional information concerning risk factors is contained from time to time in the Company's SEC filings. The Company expressly disclaims any obligation to update the information contained in this release.