17.05.06

17.5.2006: Meldung: SatCon receives $600,000 in Class K Contract Awards

SatCon Technology Corporation today announced that SatCon Electronics, a wholly owned subsidiary and designer and manufacturer of high reliability electronic components has been awarded a $600,000 in contracts for Class K components. These contracts include production of Class K power regulators and high-resolution data converters for major US based satellite manufacturers.

Jack Worthen, SatCon Electronics President, stated, "These new awards for Class K production are a major step forward with our new strategic direction for SatCon Electronics initiated in 2005". Worthen added "We have made significant progress in achieving our objective in establishing SatCon Electronics as a world leader in components for space certified applications". A standard product line of power components for space level applications will be released later this year.

Managed by The Defense Supply Center Columbus (DSCC), Class K device manufacturing provides the industries highest quality and reliability for electronic parts through a number of specifications, standards, and test methods. Class K requirements address the special needs of space users and are the only class of product routinely used in space flight hardware. SatCon Electronics is one of a select few manufacturers in the United States with Class K certification.

SatCon Electronics is a leader in design and manufacturing of high reliability power management, analog signal processing, RF, and thin film components.

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.


Contact:

SatCon Technology Corporation®
Gary Brandt, 617-897-2407
VP, Corporate Development

Source: SatCon Technology Corporation
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