SATC Satcon Technology Corp. (MM)

SatCon Technology Corporation (NASDAQ NM: SATC), a leading developer and manufacturer of power control electronics today announced that its first deliveries of its new line of hybrid electric auxiliary components have been incorporated into Azure Dynamics Corporation's (TSX: AZD, AIM: ADC) electric and hybrid electric vehicles ("HEVs"). SatCon President & COO Millard Firebaugh stated "The HEV market sector is a prime area of focus for SatCon and we are very pleased that our components are being utilized in Azure's vehicles". Azure Dynamics is a world leader in the development and production of hybrid electric and electric commercial and military vehicles and systems. The company estimates it has over 25 million miles of vehicle experience. Azure Dynamics' operations are based in North America and Europe. Azure Dynamics is currently working internationally with various partners and customers including Purolator Courier Ltd., Canada Post, DHL, the US Department of Defense, United States Postal Service, Smiths Electric Vehicles, Leyland Product Development, Renault Trucks UK, and London Taxis International. Azure Dynamics Corporation is a public company trading on the TSX (AZD) in Canada and on AIM (ADC) in the UK. For more company information please visit www.azuredynamics.com. SatCon has introduced a line of components and service capabilities targeted at supporting the fast growing hybrid electric vehicle markets. The company currently provides traction motors, controllers, and converters as well as design services, and system integration capability for the hybrid electric vehicle market. The Company's products are based on SatCon's leading technical component capabilities and their systems integration experience in the hybrid and electric vehicle automotive market over the past 15 years. SatCon has extensive experience in providing key systems in such projects as the Patriot Race car, the Chrysler EPIC Minivan, and the GM/Opel Fuel Cell Car. About SatCon Technology Corporation SatCon Technology Corporation is a developer and manufacturer of power electronics and control systems for alternative energy, high-reliability industrial automation applications and critical military systems. For further information, please visit the SatCon website at www.satcon.com and contact: SatCon Power Systems Peter Morgan 7 Coppage Dr Worcester, Mass., USA 01603 810.225.4699 peter.morgan@satcon.com Statements made in this document that are not historical facts or which apply prospectively are forward-looking statements that involve risks and uncertainties. These forward-looking statements are identified by the use of terms and phrases such as "believes," "expects," "plans," "anticipates" and similar expressions. Investors should not rely on forward looking statements because they are subject to a variety of risks and uncertainties and other factors that could cause actual results to differ materially from the Company's expectation. There can be no assurance that the company will continue to maintain this level of new orders or that it can successfully deliver the components and systems ordered. Additional information concerning risk factors is contained from time to time in the Company's SEC filings. The Company expressly disclaims any obligation to update the information contained in this release.