29.08.03

29.8.2003: Meldung: SatCon Technology Corp.: S-3 Registration Statement Declared Effective

SatCon Technology S-3 Registration Statement Declared Effective
Thursday August 28, 8:01 am ET

Company to Conduct Conference Call to Update Shareholders on Operations

CAMBRIDGE, Mass.-- Aug. 28, 2003--SatCon Technology Corporation© (Nasdaq NM: SATC - News), a developer and manufacturer of electronic power control systems, today announced that it"s S-3 Registration Statement, originally filed on March 20, 2003, has been declared effective by the SEC. This will allow the Company to close the debt portion of its financing transaction begun earlier this year. We anticipate that this transaction will close shortly with the Company receiving net proceeds of approximately $750,000. In addition, David Eisenhaure, president and chief executive officer, will host a conference call on Wednesday, September 3rd at 10:00 a.m. EDT to update shareholders on the Company"s operations. Interested parties should call (888) 428-4479 five minutes in advance to participate. The call will also be open to all interested investors through a live audio Web broadcast accessible at the SatCon corporate website, www.satcon.com, and at www.streetevents.com. For those unable to listen to the live broadcast, the call will be archived on the above-mentioned sites.

About SatCon Technology Corporation
SatCon Technology Corporation manufactures and sells power control systems for critical military systems, alternative energy and high-reliability industrial automation applications. Products include inverter electronics from 5 kilowatts to 5 megawatts, power switches, and hybrid microcircuits for industrial, medical, military and aerospace applications. SatCon also develops and builds 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.

Contact:

SatCon Technology Corporation(R)
Ralph Norwood, 617-661-0540
or
Aurelius Consulting Group
Dave Gentry, 407-644-4256



Source: SatCon Technology Corporation
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