Hi Cabrina, et al.
New Press Release --
"SatCon's FMI Subsidiary Announces New Product With
Telecommunications Applications
Backlog of orders valued at $750,000
Initial shipments began March 1998
CAMBRIDGE, Mass.--(BUSINESS WIRE)--April 27, 1998--SatCon Technology Corporation(R) (Nasdaq:SATC - news), announced today the introduction of a new telecommunications product from its Film Microelectronics, Inc. (FMI) subsidiary. The product, the FM 5040, is an ultra small amplifier or frequency multiplier that is used in cellular telephone networks. The Company has received over $750,000 worth of orders for this product from cellular telephone companies and has shipped over 1,000 units since March.
''We're pleased to announce this new product,'' said David Eisenhaure, President and Chief Executive Officer of SatCon. ''The growth of the cellular telephone industry has created strong demand for integrated circuit products. The FM 5040 leverages FMI's expertise and microelectronic production capability. Over 1,000 units of product have been shipped to fulfill existing orders, and we are continuing to ship product. The telecommunications industry holds significant opportunity for the company, and we are very pleased with the recent developments in this area.''
''The FM 5040 adds to FMI's portfolio of commercially available products,'' said Gary Colello, General Manager of Film Microelectronics, Inc. ''The product is very competitively priced from $125 to $200 per unit. Units are available for immediate delivery.''
The FM 5040 is a high gain monolithic microwave integrated circuit (MMIC) amplifier that can be used at frequencies from 20
gigahertz to 40 gigahertz. The product is available in two hermetic package configurations, flat pack or ball grid array (BGA). For
further product information contact Steve Dawe, Vice-President of Marketing and sales, at Film Microelectronics, Inc. at (978)
975-3385. " |
