SatCon Wins $1.1 Million Navy Contract for Integrated Motor Propulsor and Controller
05 April 2006 - 10:00PM
Business Wire
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 II
SBIR 'cost-plus' contract for an integrated motor propulsor (IMP)
with the Office of Naval Research (ONR). The total value of the
contract is $1.1 Million and will be funded over the term of the
project. SatCon will design, fabricate, test, and deliver a
complete integrated motor propulsor (IMP) system including motor,
controller, and podded propulsor. An IMP enables propulsion for
marine vehicles without any mechanical shaft couplings to a power
generation source. Final unit delivery and testing at a Navy
facility is scheduled for early 2008. "SatCon is pleased to
continue our strong relationship with the US Navy," stated SatCon's
President and Chief Operating Officer, Millard Firebaugh. "Not only
does this contract support our stated strategic initiative to
expand our Navy business, but contributes to other product
initiatives within SatCon, such as advanced micro-hydro power
generation using rim-driven motors. The technology developed as a
result of this effort will benefit our hybrid electric vehicle and
aerospace offerings for higher power density, higher efficiency
electric drive solutions." This propulsor technology expands on
machinery research and development conducted at SatCon on low
weight permanent-magnet rim-motors for naval underwater propulsor
applications, and high power density liquid cooled machinery for
hybrid electric vehicle applications. The goal is to advance the
state of the art to a power density exceeding 0.6 HP/lb for a
complete 50 HP IMP system. This effort supports the Navy's Future
Naval Capabilities thrust towards all electric drives and unmanned
systems. Podded propulsion systems promise to reduce overall ship
system weight, reduce in-hull space claims, and improve overall
power conversion efficiency. Furthermore, they enable higher power
unmanned underwater vehicle (UUV) applications to increase range
and endurance for improved mission effectiveness. The award is
another example of SatCon's expertise in electric power conversion
systems for vehicle applications. Our permanent magnet machine
technologies result in high-efficiency, low weight designs that
have demonstrated steady improvement with each design generation.
Our power electronics expertise in component packaging, system
architecture, and software controls enables us to develop efficient
and compact solutions for challenging applications within
constrained space and environmental requirements. 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.
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