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Technology Stocks : SatCon Technology (SATC) -- Ignore unavailable to you. Want to Upgrade?

To: Jim Oravetz who wrote (319)	9/15/1999 3:27:00 PM
From: Ottoman	Read Replies (1) \| Respond to of 440

Applied Materials Cites SatCon's mag-lev Technology as an Enabling Technology for Its New Radiance Centura System CAMBRIDGE, Mass.--(BUSINESS WIRE)--Sept. 15, 1999--SatCon Technology Corporation® (Nasdaq NM:SATC - news), was cited as providing an enabling technology to Applied Materials' new Radiance Centura System in a September 14, 1999 Applied Materials press release. The press release titled ''Applied Materials Takes RTP Technology to Next Level with New Radiance Centura System'' cites SatCon's magnetic levitation mechanism as revolutionary. The device referenced is the Integrated Suspension and Motor (ISAM) system manufactured at SatCon's subsidiary, Magmotor. From the release: ''Radiance features a variety of advancements that improve hardware matching and reliability and reduce operating cost. Wafer rotation is performed by a revolutionary magnetic levitation (mag-lev) mechanism developed by SatCon Technology Corp. and available exclusively on the Radiance system. The mag-lev technology provides better uniformity during ramp up and increased reliability with less maintenance.'' From the release: ''According to Dataquest, a market research firm, the market for RTP equipment was $224 million in 1998, and is projected to grow to $600 million by 2003. Applied Materials' RTP Centura is the global market leader in RTP for semiconductor manufacturing.'' For a full version of the press release, visit www.satcon.com. For information on the ISAM system, visit www.magmotor.com. SatCon Technology Corporation® manufactures and sells power and energy management products for telecommunications, silicon wafer manufacturing, factory automation, aircraft, satellites and automotive applications. SatCon has four divisions: Film Microelectronics, Inc. designs and manufactures microelectronic circuits and interconnect products. Magmotor manufactures motors and magnetic suspension systems. Beacon Power manufactures flywheel energy storage devices and the Technology Center is responsible for new technology and product development. Note: This release contains forward-looking statements that involve a number of risks and uncertainties. For this purpose, any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the foregoing, the words ''believes,'' ''anticipates,'' ''plans,'' ''expects,'' ''intends'' and similar expressions are intended to identify forward-looking statements. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are set forth under the caption ''Factors Affecting Future Results'' in the Company's Annual Report on Form 10-K for the year ended September 30, 1998, which factors are incorporated herein by reference. Please note that the Company's future growth opportunities are dependent on the introduction of new products that must penetrate commercial market segments. No assurance can be given that new products can be developed, or if developed, will be successful; that competitors will not force prices to an unacceptably low level or take market share from the Company; or that the Company can achieve or maintain profits in these markets.

To: Jim Oravetz who wrote (319)	10/22/1999 12:54:00 PM
From: Jim Oravetz	Read Replies (1) \| Respond to of 440

Satcon Tech, Mechanical Tech In Strategic Alliance CAMBRIDGE, Mass. (Dow Jones)--SatCon Technology Corp. (SATC) and Mechanical Technology Inc. (MKTY) formed an alliance, under which SatCon will buy Ling Electronics Inc. and Ling Electronics Ltd. from Mechanical Technology. In turn, Mechanical Technology will invest about $7 million in SatCon. In a press release Thursday, SatCon said Mechanical Technology will receive 1.8 million common shares of SatCon and warrants to purchase an additional 100,000 shares, as consideration for the Ling Electronics operations and the investment. Mechanical Technology will invest $2.57 million in SatCon Friday and the rest by the end of January. SatCon will also receive warrants to purchase 100,000 common shares of Mechanical Technology. In addition, SatCon's President and Chief Executive will become a director of Mechanical Technology, and Alan Goldberg, a director of Mechanical Technology, will become a director of SatCon. SatCon also agreed to appoint an additional director based on Mechanical Technology's recommendations. Ling Electronics Inc., Anaheim, Calif, makes test equipment and power products. Mechanical Technology makes test and measurement instruments. The company's shares closed Thursday at 26, down 3/4, or 2.8% on Nasdaq trading. SatCon makes and sells power management products. Its shares closed Thursday at 9 27/32, up 1 3/32, or 12.5%, on Nasdaq trading. ++++ W/o doing any looking, I'm not sure what this really brings to the table for SATC. Do they need to be in the test equip. biz? Was the Ling div. profitable? More dilution on the way. Jim