Satcon Announces International Supply Chain Expansion
18 June 2009 - 10:02PM
Business Wire
Satcon Technology Corporation (NASDAQ CM: SATC), a leading
provider of utility scale distributed power solutions for the
renewable energy market, today announced significant growth of its
international manufacturing and supply chain operations. As part of
this announcement, Satcon will expand global manufacturing capacity
to over 600 megawatts in 2009 between its manufacturing facilities
in Burlington, Ontario, Canada and Shenzhen, China, as well as
partner with DB Schenker Logistics to provide global logistics and
transportation services for all of Satcon's global supply chain
needs.
�As demand for our industry leading commercial and utility scale
solutions increases worldwide, we must construct an international
supply chain capable of delivering the highest levels of service
and support for our customers,� said Pete DeGraff, Satcon�s Vice
President of Worldwide Sales and Marketing. �The combination of
increasing our international manufacturing capacity and our
partnership with Schenker will enable us to continue to deliver the
industry�s most competitive product lead times, local spare parts
inventories and global logistics capabilities and ensure the
highest service levels for our customers over the entire lifecycle
of their solar projects.�
Satcon will partner with the DB Schenker Solar division to
deliver global transportation services for its inverter operations
located in Burlington, Ontario, Canada; Shenzhen, China; and
Fremont, California. Satcon will also utilize DB Schenker in North
America, Europe, and Asia to provide logistics and distribution
services including final delivery to Satcon's customer�s door
through DB Schenker's extensive land transport network.
�As Satcon continues to expand its global operations and
customer base, their supply chain capabilities become a core piece
of maintaining the highest levels of service to their customers
worldwide,� said John Tibshirany, Vice President Corporate Accounts
Group at DB Schenker USA. �DB Schenker's integrated logistics,
international and land transport services will provide Satcon with
a complete global supply chain solution that will enable them to
ensure the fastest product lead times, complete door to door
transportation and distribution capabilities, and local inventories
in order for them to provide their customers with world class
service and support.�
Building on Satcon�s industry leading standard product lead
times of 5-8 weeks across its entire product line, this partnership
between Schenker and Satcon will provide Satcon customers with the
highest levels of logistics performance and the industry�s most
competitive distribution costs.
About Satcon
Satcon Technology Corporation is the leading provider of utility
scale distributed power solutions for the renewable energy market,
enabling the industry�s most advanced reliable and proven clean
energy alternatives. For over 24 years, Satcon has designed and
delivered the next generation of efficient energy systems for solar
photovoltaic, stationary fuel cells, and energy storage systems. To
learn more about Satcon, please visit www.Satcon.com.
About DB Schenker
DB Schenker is a global transportation company with 1500 offices
in 120 countries with a specific division dedicated to solar
equipment transportation and logistics. The company is known for
the transportation of high-value capital equipment and tools into
fabrication plants as well as the transport of the final finished
equipment for a wide variety of solar companies. To learn more
about DB Schenker, please visit www.dbschenker.com.
Safe Harbor
Statements made in this press release 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, including its Annual Report on Form
10-K for the fiscal year ended December 31, 2008 and in the
company�s quarterly report on Form 10-Q for the fiscal quarter
ended April 4, 2009 and other periodic reports filed with the SEC.
Forward-looking statements contained in this press release speak
only as of the date of this release. Subsequent events or
circumstances occurring after such date may render these statements
incomplete or out of date. The company expressly disclaims any
obligation to update the information contained in this release.
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