Satcon Announces Strategic Canadian Manufacturing Partnership
03 May 2012 - 10:30PM
Business Wire
Satcon Technology Corporation® (NASDAQ CM: SATC), a leading
provider of utility-scale power solutions for the renewable energy
market, today announced that it has finalized a strategic
manufacturing agreement with Sanmina-SCI Corporation to manufacture
its industry-leading solar inverter solutions in order to comply
with Ontario’s Feed-in-Tariff (FIT) program.
Under the terms of this agreement, Sanmina-SCI will manufacture
Satcon’s PowerGate® Plus 50 kilowatt, 100 kilowatt, 250 kilowatt,
and 500 kilowatt inverters along with Satcon’s industry-leading
Prism Platform™ solutions in Ottawa, Ontario. With over two
gigawatts (GW) of Utility-Ready solutions shipped, including over
100 MW in Ontario alone, Satcon solutions help power the world’s
most advanced solar farms.
“The Canadian Solar market has developed steadily over the past
three years and is poised for significant growth in the future,”
said Pete DeGraff, Satcon's Executive Vice President of Worldwide
Sales, Services and Marketing. “Our strategic partnership with
Sanmina-SCI enables us to continue to deliver the industry’s
highest performing, highest quality solutions to the Ontario market
and maintain our leadership position as Canada’s largest commercial
and utility-scale inverter manufacturer.”
Satcon’s Utility-Ready inverter solutions are the industry’s
most advanced and proven large scale power conversion technologies
and deliver intelligent power plant management, enabling
improvements in total power plant reliability and yield through
more powerful system monitoring, diagnostic, and remote control
functionality. Satcon inverters enable instant voltage
stabilization, frequency control, dynamic grid support, and secure
the continuous operation of the PV plant in the event of dynamic
ground faults, achieving the performance guidelines set forth by
the German Association of Energy and Water Industries (BDEW 2008
Grid Connection Standard).
About Satcon
Satcon Technology Corporation® is the leading provider of
utility-scale power conversion solutions for the renewable energy
market, enabling the industry’s most advanced reliable and proven
clean energy alternatives. For over 27 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 Sanmina-SCI Corporation
Sanmina-SCI Corporation is a leading electronics contract
manufacturer serving the fastest-growing segments of the global
Electronics Manufacturing Services (EMS) market. Recognized as a
technology leader, Sanmina-SCI provides end-to-end manufacturing
solutions, delivering superior quality and support to OEMs
primarily in the communications networks, defense and aerospace,
industrial and semiconductor systems, medical, multimedia,
enterprise computing and storage, automotive, optical/RF and clean
technology sectors. Sanmina-SCI has facilities strategically
located in key regions throughout the world. More information
regarding the company is available at
http://www.sanmina-sci.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 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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