SatCon Issues Statement Regarding 2006 Year-End Results
10 April 2007 - 6:37AM
Business Wire
SatCon Technology Corporation� (Nasdaq CM: SATC), a developer of
power management and system architecture solutions for the
alternative energy and distributed power markets, today stated, in
accordance with Nasdaq regulations, that its independent auditors
continued their existing "going concern" opinion in the most
recently filed Form 10K. David Eisenhaure, SatCon�s Chief Executive
Officer issued the following statement. "We believe that our cost
cutting initiatives coupled with a redirection to a product focus
in the growing alternative energy and distributed power markets
will lead to increased shareholder value.� 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(R) News Articles