SatCon Wins Naval Propulsion Motor Technology SBIR Contract
31 January 2007 - 12:30AM
Business Wire
SatCon Technology Corporation� (Nasdaq CM: SATC), a developer and
supplier of power management and system architecture solutions for
the alternative energy and distributed power markets, today
announced that it has been awarded a Phase I Small Business
Innovative Research (SBIR) contract with the U. S. Navy to develop
insulation technology for advanced propulsion motor designs for
future �all�electric� ships. New motor winding insulation
techniques are necessary to balance the increasing voltage and
thermal stresses associated with the drive to higher power
application of pulse width modulation (PWM) driven electric
machinery, particularly with permanent magnet machinery. As a
result of this research, the Company expects to develop new motor
design solutions that will enable higher power density, affordable
manufacturing capability, and increased reliability compared with
current practices. SatCon has been a leader in technology
development and solutions for the advanced electric machinery
market for the past 20 years. This award underscores the Company�s
motor design capabilities and is expected to yield advanced motor
insulation solutions for multi-megawatt propulsion scale electric
machinery. The results of this research will have direct commercial
applicability to SatCon�s electric drive and generation systems for
the alternative energy market wherever power density and efficiency
of the electromechanical power conversion process is a key driver.
This includes hybrid and electric vehicle traction drives, mobile
generator sets, and aerospace electric propulsion and power
generation systems. SatCon�s President & Chief Executive
Officer, David Eisenhaure, stated "SatCon continues to push the
state of the art in electric power conversion technology, and this
development effort is expected to deliver power density
improvements across the range of our machinery products.� About
SatCon Technology Corporation SatCon Technology Corporation is a
developer and manufacturer of electronics and generators/motors for
the Renewable 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. (SATC-G) 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 �will,� �intends,� �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.
Satcon Technology Corp. (MM) (NASDAQ:SATC)
Historical Stock Chart
From Jun 2024 to Jul 2024
Satcon Technology Corp. (MM) (NASDAQ:SATC)
Historical Stock Chart
From Jul 2023 to Jul 2024
Real-Time news about Satcon Technology Corp. (MM) (NASDAQ): 0 recent articles
More SatCon Technology Corporation News Articles