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

To: Clean who wrote (209)	6/2/1998 1:28:00 PM
From: James Mortensen	Read Replies (1) \| Respond to of 440

Could have been the downdraft. Could be there's news that hasn't been publicized yet. Could be that there's strong competition in the automotive flywheel arena. If they're getting wacked in the flywheel area, then the stock is dropping for the wrong reasons. SatCon is actually moving much more quickly into other revenue producing areas...ie. this pr. SatCon's FMI Subsidiary Announces Distribution Agreement With Falcon Electronics, Inc. for Linear Regulators CAMBRIDGE, Mass.--(BUSINESS WIRE)--June 2, 1998--SatCon Technology Corporation(R)(Nasdaq: SATC - news), today announced that its subsidiary, Film Microelectronics, Inc. (FMI),reached an agreement with Falcon Electronics, Inc. of Huntington, New York. Effective immediately, Falcon will begin stocking FMI's linear regulator product line for military and aerospace original equipment manufacturers OEMs). The Company anticipates this agreement will result in more than $2 million in sales over the next 12 to 18 months. ''The agreement with Falcon Electronics is another step in our strategy of bringing products to the commercial market in volume,'' said David Eisenhaure, President and Chief Executive Officer. ''Since announcing the linear regulator product line in January, we have received Defense Supply Center-Columbus (DSCC) certification, thus providing our product with national visibility to its end users: engineers and designers. This important certification, combined with the Falcon agreement, positions SatCon for significant revenue growth.'' ''The addition of Falcon Electronics will give FMI a strong distribution point for our MIL-SPEC products,'' stated Gary Colello, General Manager of FMI. ''Falcon has an experienced sales team which will augment FMI's direct sales effort. Also, as a Small Disadvantaged Business (SDB), Falcon can help large military contractors and subcontractors meet their SDB goals. FMI is very pleased to have reached this agreement with Falcon.'' The agreement with Falcon includes all present and future products manufactured to DSCC standards by FMI. Linear voltage regulators are widely used in applications ranging from high-reliability military and aerospace power supplies to medical instrumentation. The product line is specifically geared towards systems that require precise regulation of switching power supplies. The Company believes that its new line of linear regulators is the most thermally efficient in the industry. FMI is the only manufacturer to offer this line of isolated linear regulators manufactured without the use of hazardous beryllium oxide (BeO). For more information, contact Steve Dawe, Vice-President of Marketing and Sales at Film Microelectronics, Inc., at (978) 975-3385 or Skip Wecker, Vice President of Marketing and Sales at Falcon Electronics Inc. at (516) 351-8515.