SATC Satcon Technology Corp. (MM)

SatCon Technology Corporation(R) (Nasdaq NM: SATC), a developer and manufacturer of power electronics and motors for the alternative energy markets, today announced that it has been awarded a Phase I SBIR contract with the U. S. Army to develop an Integrated Starter/Generator (ISG) for hybrid powertrain military vehicles. SatCon's Applied Technology division is currently developing DC/DC converters (pulse power and battery chargers), starter generators, auxiliary power units, and main generators for hybrid electric vehicles for U. S. Army advanced technology vehicles. This award expands SatCon's portfolio of vehicle power technologies with the development of an integrated starter/generator based on advanced permanent magnet machinery design concepts. This work is a direct follow on from machinery research conducted at the Massachusetts Institute of Technology (MIT) for the automotive sector, and a previous SatCon SBIR supporting the Department of Energy's FreedomCAR traction motor development program. SatCon will leverage its Partnership for the Next Generation Vehicles (PNGV) development work and Advanced Integrated Power Module (AIPM) technology to provide the mating drive for the ISG. This machine technology has direct applicability to both military and civilian hybrid electric vehicle applications as an ISG and/or traction motor, and represents a technology advancement compared to the Toyota Prius electric machine technology. The objectives for a motor-drive system based on this technology includes; constant power speed range (CPSR), rugged design, high power density, and affordable manufacturing capability. "This new SatCon program further solidifies our push into the hybrid electric vehicle sector as we continue to advance the technology in pursuit of high reliability mobility solutions," stated SatCon's President & Chief Operating Officer, Millard Firebaugh. "This most recent award supplements a broad array of hybrid electric vehicle development activity underway at SatCon. Through this work we are targeting best in class solutions for the widest possible range of HEV applications." About SatCon Technology Corporation SatCon Technology Corporation is a developer and manufacturer of electronics and motors for the Alternative Energy, Hybrid-Electric Vehicle, Grid Support, High Reliability Electronics and Advanced Power Technology markets. For further information, please visit the SatCon website at www.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. 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.