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

To: Jim Oravetz who wrote (390)	10/25/2001 1:07:30 PM
From: Jim Oravetz	Read Replies (1) \| Respond to of 440

Satcon Up 15% On Bio-, Chemical-Detection System Patent By Ellen Sheng Of DOW JONES NEWSWIRES NEW YORK -- Shares of Satcon Technology Corp. (SATC) shot up as much as 55% Thursday following the company's announcement that it was granted a patent for its biological and chemical detection system. The detection platform is the result of a project with the U.S. Army that started back in 1999. Satcon's press release Thursday explained that the platform is capable of detected traces of chemical and biological - such as botulism and e-coli - in food and liquids. Most notably, the system is able to work with very small sample sizes and works in "near real time." Shares recently traded at $7.95, up $2.40 or 43.2%, on volume of 771,200 shares, compared with average volume of 113,472 shares. +++++++++ 08:48 ET SatCon Tech (SATC) 5.55: Receives U.S. patent covering the optical signal processing component of the company's biological and chemical detection system. Announces it has completed the demonstration and validation phase of its advanced biological contamination sensing technology program for the U.S. Army. Briefing.com