SatCon Wins NASA Contract for a Superconducting Motor for Electric Aircraft
February 07 2006 - 9:00AM
Business Wire
SatCon Technology Corporation(R) (Nasdaq NM: SATC), a developer and
manufacturer of power electronics and motors for the alternative
energy markets, today announced that it has been awarded a Phase I
SBIR contract with NASA's John H. Glenn Research Center for
development work on a superconducting machine for future hybrid and
all-electric aircraft. SatCon's Applied Technology division is
developing a new technology superconducting machine with the goals
of improved efficiency, reduced size, and reduced cost over
competing superconducting machinery technologies. SatCon is
pursuing a novel design approach that uses
modified-Commercial-Off-The-Shelf (COTS) cryo-cooler technology and
conventional drive technology. The initial design is targeted as a
propulsion motor for unmanned all electric aircraft, but the
technology is also suitable for hybrid electric aircraft as a main
superconducting generator. Furthermore, this solution can be
considered for future marine applications as generators or
propulsion motors. SatCon will collaborate with cryogenics systems
experts at the Massachusetts Institute of Technology to de-risk and
develop the superconducting propulsion motor. For Phase II, SatCon
will seek to collaborate with an aircraft manufacturer to develop a
design prototype targeted for a specific aircraft application.
"This award is further evidence of SatCon's commitment to the
alternative energy markets and our breadth of technical expertise
in advanced power solutions," stated SatCon's President & Chief
Operating Officer, Millard Firebaugh. "Hybrid and all-electric
aircraft, represent a path towards reduced dependence on foreign
oil imports and a sustainable future for the aerospace industry,
and SatCon is developing the enabling electric power conversion
technology to lead us there." 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 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.
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