17.03.03

17.3.2003: Meldung: SatCon: Rüstungsauftrag

SatCon Technology Corporation® (Nasdaq: SATC - News), a leader in power and energy management products, today announced that it has been authorized to start work on its largest Fixed Frequency Power Converter order to date. The program will extend over approximately a 30-month period with a total value of the purchase order in excess of $2.5 million. This project will support key mission critical aircraft systems within a major government program. SatCon"s design was selected over multiple vendors in a 3-year evaluation of technical capability, which included extensive field evaluation. This high reliability design for the military is optimized for critical performance factors required by the military. The Fixed Frequency Power Converter products are mainly used in ground power applications for the aviation industry.
"The Fixed Frequency products are part of SatCon Power Systems" Power Conversion product line," said David Eisenhaure, SatCon"s president and CEO. "In recent months there has been an increase in business for the Power Conversion Product Family. The Power Conversion product line covers products such as power conditioning systems for fuel cells and photovoltaic applications, rectifier products used for hydrogen gas production for the hydrogen based economy and in the chemical electrolysis processes for the plastics, plating and chemical industries."

About SatCon Technology Corporation

SatCon Technology Corporation manufactures and sells critical power products including power systems for distributed power generation; power quality and factory automation; inverter electronics from 5 kilowatts to 5 megawatts; power switches; telecommunications electronics; and hybrid microcircuits for industrial, medical, military and aerospace applications. SatCon also develops advanced technology in digital power electronics, high-efficiency machines and control systems for a variety of defense applications with the strategy of transitioning those technologies into multiyear production programs. 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. There can be no assurance that the company will successfully design and manufacture the fixed frequency power converters ordered, or that it will secure additional orders for fixed frequency power converters, or maintain past or current revenue levels with its power conversion product line. 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.

Contact:
SatCon Technology Corporation(R)
Michael Turmelle, 617/661-0540
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