3.12.2003: Meldung: SatCon Technology Corp.: $1,100,000 in New Semiconductor Equipment Contracts
Tuesday December 2, 8:06 am ET
CAMBRIDGE, Mass.-- Dec. 2, 2003--SatCon Technology Corporation® (NASDAQ NM: SATC - News), a developer and manufacturer of electronic power systems, announced today that its Power Systems business unit has received new orders totaling $1,100,000 for its semiconductor equipment products since October 1st. Over $900,000 of the orders was for SatCon"s MagLev(TM) system, a magnetically suspended platform for manufacturing semiconductor wafers. The balance is for the company"s Magmotor(TM) specialty motors intended for semiconductor fabrication and processing equipment. Most of the orders are scheduled for shipment during SatCon"s second and third fiscal quarters with the majority of the orders scheduled for the second quarter.
David Eisenhaure, president and chief executive officer, stated: "We are seeing a resurgence in factory automation orders, particularly within the semiconductor equipment market. November 2003 reports from Reuters and the Semiconductor Industry Association show that global semiconductor sales are poised to rise 15.8% in 2003, up from a forecasted 10.1%. Chip sales are seen surging another 19% next year, a stark contrast from 2001 when semiconductor sales fell 32 percent. I believe we are well positioned to continue capitalizing on the growth in semiconductor industry."
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.
SatCon Technology Corporation
Mike Turmelle, 617-661-0540
Aurelius Consulting Group
Dave Gentry, 407-644-4256
Source: SatCon Technology Corporation