SatCon's High Reliability Product Line Expands
April 17 2007 - 8:30AM
Business Wire
SatCon Technology Corporation� (Nasdaq CM: SATC), a developer of
power management and system architecture solutions for the
alternative energy and distributed power markets today announced
that SatCon Electronics, a wholly owned subsidiary and a designer
and manufacturer of high reliability electronic components recorded
a 40% quarter over quarter increase in Q1 shipments of products
used in alternative energy systems. The Electronics subsidiary
utilizes high-speed surface mount manufacturing capability to build
the company�s proprietary DSP based controller boards which are
further integrated into larger solar and fuel cell inverters
produced by SatCon�s Stationary Power Systems subsidiary. �Having
the internal capability to design and manufacture the controller
electronics is a real competitive advantage in this rapidly
expanding alternative energy market.� said David Eisenhaure, SatCon
President and Chief Executive Officer. �The Electronics subsidiary
also designs and manufactures components and systems for space
flight and satellite applications. This business is also expanding
with new high reliability products introduced over the last 18
months representing $1.2 million of orders booked in Q1.�
Eisenhaure added, �It is interesting that alternative energy and
aerospace applications have many similarities. High reliability,
extended product life, and ultra high efficiency are critical
elements in servicing both markets. With the Electronics Division�s
long history in high reliability systems serving the alternative
energy market is a natural extension.� Currently in development are
several next generation products scheduled for release in Q2. These
products will target high-end commercial, industrial, and
alternative energy applications. Jack Worthen, SatCon Electronics
President, noted, �After twelve months in development, we are very
excited about releasing an entirely new product line for the
Electronics Division. We have a number of ultra high efficiency
power modules which not only have a significant market opportunity
as stand alone products but will also be integrated into our next
generation system controller electronics for solar and fuel cell
inverters.� About SatCon Technology Corporation SatCon Technology
Corporation is a developer and manufacturer of electronics and
generators/motors for the Renewable 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. SATC-G 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 �will,� �intends,� �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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