23.06.05

23.6.2005: Meldung: SatCon Technology Corp.: HEV Components for Azure Dynamics delivert

SatCon delivers HEV Components for Azure Dynamics built Hybrid Electric Vehicle
Tuesday June 21, 9:44 am ET

BOSTON--June 21, 2005--SatCon Technology Corporation, a leading developer and manufacturer of power control electronics today announced that its first deliveries of its new line of hybrid electric auxiliary components have been incorporated into Azure Dynamics Corporation"s (TSX: AZD, AIM: ADC) electric and hybrid electric vehicles ("HEVs").

SatCon President & COO Millard Firebaugh stated "The HEV market sector is a prime area of focus for SatCon and we are very pleased that our components are being utilized in Azure"s vehicles".

Azure Dynamics is a world leader in the development and production of hybrid electric and electric commercial and military vehicles and systems. The company estimates it has over 25 million miles of vehicle experience. Azure Dynamics" operations are based in North America and Europe.

Azure Dynamics is currently working internationally with various partners and customers including Purolator Courier Ltd., Canada Post, DHL, the US Department of Defense, United States Postal Service, Smiths Electric Vehicles, Leyland Product Development, Renault Trucks UK, and London Taxis International. Azure Dynamics Corporation is a public company trading on the TSX (AZD) in Canada and on AIM (ADC) in the UK. For more company information please visit www.azuredynamics.com.

SatCon has introduced a line of components and service capabilities targeted at supporting the fast growing hybrid electric vehicle markets. The company currently provides traction motors, controllers, and converters as well as design services, and system integration capability for the hybrid electric vehicle market. The Company"s products are based on SatCon"s leading technical component capabilities and their systems integration experience in the hybrid and electric vehicle automotive market over the past 15 years. SatCon has extensive experience in providing key systems in such projects as the Patriot Race car, the Chrysler EPIC Minivan, and the GM/Opel Fuel Cell Car.

About SatCon Technology Corporation

SatCon Technology Corporation is a developer and manufacturer of power electronics and control systems for alternative energy, high-reliability industrial automation applications and critical military systems. For further information, please visit the SatCon website at www.satcon.com and contact:

SatCon Power Systems
Peter Morgan
7 Coppage Dr
Worcester, Mass., USA 01603
810.225.4699
peter.morgan@satcon.com

Contact:

SatCon Technology Corporation(R)
David Eisenhaure, 617-897-2400
Chief Executive Officer
or
IR Contact
Ardour Capital
John Ewen, 212-375-2953
or
Aurelius Consulting
Jeff Wadley, 407-644-4256


Source: SatCon Technology Corporation
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