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

To: EMF who wrote (401)	9/25/2002 2:37:13 PM
From: Jim Oravetz	Read Replies (1) \| Respond to of 440

SatCon Gets $5M Pact From General Atomics DOW JONES NEWSWIRES CAMBRIDGE, Mass. -- SatCon Technology Corp. (SATC) received a $5-million contract from closely held General Atomics Corp. to continue the development of integrated power systems for future Navy all-electric ship platforms. In a press release Wednesday Satcon, a power- and energy-management products maker, said the latest contract brings its total under the program to more than $12 million. Under this phase of the contract, SatCon plans to deliver 30 100-kilowatt modular, electrical power converter and control assemblies to be installed on a British research vessel. SatCon is part of a contract team that includes General Atomics and Gibbs & Cox Inc.