SatCon Announces Receipt of Notification from Nasdaq of Failure to Satisfy a Continued Listing Rule or Standard

SatCon Technology Corporation(R) (Nasdaq NM: SATC)
received a notification from the Nasdaq Listings Qualification
Department that the Company has failed to satisfy a continued listing
requirement of The Nasdaq Global Market because the market value of
the Company's listed securities has fallen below $50,000,000 for 10
consecutive business days pursuant to Nasdaq Marketplace Rule
4450(b)(1)(A).
   Nasdaq also informed the Company that it failed to comply with
Nasdaq Marketplace Rule 4450(b)(1)(B), which requires total assets and
total revenue of $50,000,000 each for the most recently completed
fiscal year or two of the last three most recently completed fiscal
years. Under the Nasdaq Global Market Continued Inclusion
Requirements, the Company may maintain its listing qualification
without complying with this requirement if it is in compliance with
Nasdaq Marketplace Rule 4450(b)(1)(A) with respect to the market value
of its listed securities being at least $50,000,000.
   Pursuant to Nasdaq Marketplace Rule 4450(e)(4), the Company has
been provided a period of 30 calendar days, or until September 29,
2006, to regain compliance. In the event the Company does not regain
compliance by September 29, 2006, the Company has the right to appeal
a staff determination to delist the Company's securities and the
Company's securities will remain listed until completion of the appeal
process. In addition, in the event the Company cannot meet the
requirements for continued listing on The Nasdaq Global Market, it may
apply to transfer to The Nasdaq Capital Market.

   About SatCon Technology Corporation

   SatCon Technology Corporation is a developer and manufacturer of
electronics and 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 "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.