SATC Satcon Technology Corp. (MM)

SatCon Technology Corporation� (Nasdaq CM: SATC), a developer of power management and system architecture solutions for the alternative energy and distributed power markets, today announced that it has entered into a new secured revolving credit facility with Silicon Valley Bank. This line of credit enables the company to borrow up to $10 million, subject to certain availability criteria relating to accounts receivables and inventory. "We are very pleased that we were able to continue our relationship with Silicon Valley Bank and close on this line to support our continued revenue growth," said David Eisenhaure, CEO of SatCon. "Silicon Valley Bank has been our bank for over five years and we are pleased to have them as a partner," continue Eisenhaure. "This line of credit, along with our recent infusion of capital from Rockport Capital Partners and NGP Energy Technology Partners, allows us to focus on the growth of the business." About SatCon Technology Corporation SatCon Technology Corporation is a developer and manufacturer of electronics and generators/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. (SATC-E) 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.