20.02.03

20.2.2003: Meldung: SatCon: $1.7 Million in Defense Contracts

SatCon Technology Corporation® (Nasdaq:SATC - News), a leader in critical power solutions, today announced that its Electronics division received $1.7 million in defense contracts, including a $1.2 million order from a major military contractor for high-reliability electronic modules that will be used for satellite communications. These electronic assemblies provide power to transmitters used by the Army, Navy and Air Force for battlefield communications. The balance of the orders is for miscellaneous communication and control electronics.



"Our military customers have reaffirmed their confidence in the quality of our work by continuing to order additional product from us," said David Eisenhaure, SatCon president and chief executive officer. "We continue to strive for maintaining that quality particularly for such high reliability applications as military satellite telecommunications."



About SatCon Technology Corporation



SatCon Technology Corporation manufactures and sells critical power products. SatCon has three business units: SatCon Power Systems manufactures and sells power systems for distributed power generation, power quality and factory automation, including inverter electronics from 5 kilowatts to 5 megawatts. SatCon Electronics manufactures and sells power chip components; power switches; RF devices; amplifiers; telecommunications electronics; and hybrid microcircuits for industrial, medical, military and aerospace applications. SatCon Applied Technology 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. Among the important factors that could cause the Company"s actual circumstances, or results, to differ materially from those implied by such forward-looking statements include market conditions, developments in the Company"s business and industry, inability to deliver the contracted electronic products detailed in this release or to secure additional orders for these defense electronic systems. Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained from time to time in the Company"s filings, including but not limited to the Company"s Forms 10-K and 10-Q. Copies of those filings are available from the Company and the Securities and Exchange Commission. The Company expressly disclaims any obligation to update the information contained in this release.

Contact:
SatCon Technology Corporation(R)

Michael Turmelle, 617/661-0540
Nach oben scrollen
ECOreporter Journalistenpreise
Anmelden
x