SatCon Announces Order for HEV Components From Azure Dynamics
22 March 2006 - 12:00AM
Business Wire
SatCon Technology Corporation (NASDAQ NM: SATC), a developer and
manufacturer of power electronics and motors for alternative energy
markets, today announced that it has been issued a purchase order
from Azure Dynamics Corporation for the production of 50 systems
for use on hybrid electric vehicles, in a delivery fleet
application. The products to be shipped include a brushless DC
motor (rated at 250 - 350 VDC input, 3 Hp), motor controller, and a
DC/DC power converter (rated to 120 Amps continuous) which lowers
the DC bus voltage from 350 VDC (nominal) to 12 - 14 VDC to power
conventional automotive electrical components and systems. SatCon
designs and manufactures a range of high voltage electrical
components, subsystems, and systems for power steering
applications, fans, pumps, vehicle drives, and alternative power
generation sources (dual output alternator, in-line power
generator, and similar devices) for electric and hybrid electric
vehicle platforms. "We are pleased to have been selected by Azure
Dynamics for this particular project," said Millard Firebaugh,
President and Chief Operating Officer. "Azure Dynamics has done an
excellent job identifying early adopting markets for alternative
electric and hybrid electric technologies. Our technologies and
products are a great fit for their particular applications and we
look forward to continuing to be an important supplier to Azure
Dynamics." SatCon is actively involved in addressing the technical
challenges facing the US automotive industry through its Hybrid
Electric Vehicle (HEV) initiatives. The company has a strong HEV
track record having provided solutions for both hybrid and electric
vehicles for nearly 15 years. In 1992, SatCon entered the vehicle
technology business with a 'ground-breaking' development of the
power train system for the 750HP Chrysler Patriot -- Formula One
racecar. SatCon was recognized for providing 'best-in-class' power
density technology for power conversion electronics,
turbo-alternators, traction motors, and energy storage flywheels.
In late 1999, SatCon acquired the Westinghouse/Northrop Grumman
Electric Vehicle division; an established production manufacturer
of hundreds of Chrysler EPIC minivan electric drive train systems
and complete electric and hybrid electric conversions for truck and
bus applications providing the company with solutions for
affordable traction drive systems, DC/DC converters, and battery
charging systems. Through SatCon's subsequent and continuing
R&D contracts with the US Government Departments of Defense and
Energy, the company has further advanced its solutions for high
power density, high electrical efficiency, and low manufacturing
cost potential for inverters, DC/DC converters, hybrid PM traction
motors, integrated starter/generators, and generators. The company
presently has active development contracts with the US Army for
pulse chargers, battery chargers, generators, starter/generators,
auxiliary power units, and associated drive electronics. 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. About Azure Dynamics Corporation Azure Dynamics is
a 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 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. 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.
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