Satcon: Expansion of International Operations

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Satcon, a leading provider of utility scale distributed power solutions for the renewable energy market, today announced that it has signed a preferred reseller agreement with Survey Digital, an Athens, Greece based company that provides consulting and power conversion system solutions for solar PV systems.
This announcement succeeds the 40-50 euro cent feed-in tariff published by the Greek Regulatory Authority for Energy (RAE) in 2008 with the goal of generating 700 megawatts of solar power by the end of 2009. Under this agreement, Survey Digital will be the preferred reseller of Satcon solutions, including the industry leading PowerGate Plus solar PV inverters, for Greece, Cyprus, Bulgaria, and the Former Yugoslav Republic of Macedonia.
"With the combination of one of the highest feed-in tariffs for PV production in the world, generous subsidies and a favorable consumer climate, Greece has quickly become a very exciting marketplace to invest in utility scale PV projects,” said Dr. Konstantinos Daniilidis, founder of Survey Digital. “Satcon is the global leader in supporting utility scale PV projects with the highest quality PV inverters, most diverse product line, and extensive experience in solar energy management. Partnering with them enables us to provide the industry’s most innovative and efficient tools for maximizing PV investment profits in Greece.”
“Greece’s solar incentives will create significant demand for advanced featured, large scale solar inverter solutions,” said Steve Rhoades, Satcon’s President and CEO. “We are pleased to partner with Survey Digital, a well known expert and leader in the Greek solar market, to deliver the world’s most advanced reliable and profitable rooftop and large scale solar solutions to the Greek market.”
Satcon’s PowerGate Plus utility ready solutions are the industry standard for large-scale solar PV systems. With eleven power ratings from 30kW to 1MW, Satcon offers the widest range of products in the large-scale solar industry. Engineered from the ground up to meet the demands of large-scale installations, Satcon PV inverters feature an outdoor-rated enclosure, advanced monitoring and control capabilities, and Edge™, Satcon’s next-generation MPPT solution.
About Satcon
Satcon Technology Corporation (NASDAQ CM: SATC) is a leading provider of utility scale distributed power solutions for the renewable energy market, enabling the industry's most advanced, reliable and proven clean energy alternatives. For over 23 years, Satcon has designed and delivered the next generation of efficient energy systems for solar photovoltaic, stationary fuel cells, wind-turbines, and energy storage systems. To learn more about Satcon, please visit www.Satcon.com.
About Survey Digital
Survey Digital has been active in energy studies since inception in 2006. The main objective of the company is the technical management for the establishment of photovoltaic parks in the Greek territory. To learn more about Survey Digital, please visit www.surveydigital.gr.
Safe Harbor
Statements made in this press release 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 "will," "intends," "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, including its Annual Report on Form 10-K and other periodic reports filed with the SEC. Forward-looking statements contained in this press release speak only as of the date of this release. Subsequent events or circumstances occurring after such date may render these statements incomplete or out of date. The company expressly disclaims any obligation to update the information contained in this release.


Contact:
Satcon
Alida Bangs
510-226-3812
Media Relations
alida.bangs@satcon.com
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