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Technology Stocks : SatCon Technology (SATC)

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To: caret who wrote (150)3/27/1998 10:20:00 AM
From: James Mortensen  Read Replies (1) of 440
 
Ditto (no, I'm not a dittohead!). Please let us know how they respond. One point to note on the Chrysler/power train projects. Those contracts stemmed from Chrysler's Patriot program. The goal of this incredibly ambitious program was to develop a Formula 1 race car that was electric. Chrysler cancelled the program (which, of course, included SatCon's role) after they had met some basic research objectives and decided that the return on investment for additional development was too low. It was the cancellation of the Patriot program which sent SatCon into the red. Since then SatCon has diversified it product line significantly.

I would like to know what happened to the cardiovascular project. Let us know what you hear.

Regards, Jim
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