SATC - very nice timing!
1.90 x 2 pm
SatCon Launches New Products for Use in Hybrid Electric Vehicles
Thursday August 25, 8:50 am ET
BOSTON--(BUSINESS WIRE)--Aug. 25, 2005--SatCon Technology Corporation (NASDAQ NM: SATC - News), a leading developer and manufacturer of power electronics and motors today announced it has begun shipping products both domestically and internationally from its new line of modular built HEV products consisting of high voltage electrical and electronic components capable of input voltages up to 450 Vdc for use in the hybrid electric vehicle markets. The first set of vehicle-qualified products includes a 5 Hp brushless motor; drive controller (30 Amp peak), and a DC/DC converter rated at 12 Vdc and 120 Amps continuous.
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SatCon President & COO Millard Firebaugh stated "The HEV market sector is a prime area of focus for SatCon. To this end, we are commercializing a suite of products including scalable traction motors, generators and smart battery chargers specifically aimed at this market. We expect to grow this aspect of our business aggressively in the future leveraging upon our extensive experience base in Hybrid Electric Vehicle technology".
In addition to the launch of the new products listed above, SatCon is also pursuing vehicle drive components for the propulsion system of vehicles. All of these products are designed to meet thermal and environmental exposure in vehicle applications. Some examples of the uses of these components would be for off-road applications, delivery vehicles, particularly in city stop-and-go applications, and in small-to-medium size fleet vehicles such as taxi, and mail delivery vehicles. These are all services in which HEV's are particularly efficient in reducing fuel consumption.
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 capabilities and experience in providing key power systems, such as hybrid and electric drive systems, for various transportation projects including buses, trucks, vans and prototype vehicles.
About SatCon Technology Corporation
SatCon Technology Corporation is a developer and manufacturer of electronics and motors for the Alternative Energy, Hybrid-Electric Vehicle, Grid Support, High Reliability Electronics and Advanced Power Technology markets. For further information, please visit the SatCon website at www.satcon.com.
SatCon Power Systems
Peter Morgan
7 Coppage Dr
Worcester, Mass., USA 01603
810.225.4699
peter.morgan@satcon.com
Statements made in this document 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 "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. There can be no assurance that the company will continue to maintain this level of new orders or that it can successfully deliver the components and systems ordered. Additional information concerning risk factors is contained from time to time in the Company's SEC filings. The Company expressly disclaims any obligation to update the information contained in this release.
Contact:
SatCon Technology Corporation(R)
David Eisenhaure, 617-897-2400
Chief Executive Officer
or
SatCon Power Systems
Peter Morgan, 810-225-4699
peter.morgan@satcon.com
or
IR Contact
Aurelius Consulting
Chris Bermudez, 407-644-4256
www.runonideas.com
Source: SatCon Technology Corporation |
