SatCon Expands Operations in Spain to Serve Mediterranean Countries

  
    
  
  
    
      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 signed a definitive agreement with Internacional Master 
      Technology SL (“i+TEC”) 
      to expand its operations in Spain. The agreement provides for business 
      development support for the European market, and specifically to the 
      Spanish market, project development and project management support. As 
      part of the agreement, SatCon will incorporate a fully owned subsidiary 
      company and establish a sales, application engineering and service 
      organization to serve the European market.
    
    
      “We are pleased to be strengthening our 
      relationship with i+TEC to expand our operations into mainland Europe in 
      general and Mediterranean countries in particular,” 
      stated Clemens van Zeyl, President of SatCon’s 
      Power Systems Division. “Local customer 
      support is critical to expanding our business in Europe and executing 
      upon our global expansion plans. I would like to personally thank Mr. 
      Manuel Lopez-Lopez, President of i+TEC, and his team, for our success 
      to-date, and I look forward to further success in 2008.”
    
    
      About I+TEC
    
    
      International Master Technologies (i+ Tec) is a Spanish company that 
      provides energy efficiency solutions to the European market in general 
      and the Spanish market in particular. Its primary business objective is 
      to identify high-technology companies that offer advanced products and 
      services, which add significant value to a customer’s 
      energy infrastructure. I+TEC currently serves the photovoltaic market as 
      a SatCon Power System’s partner and the high 
      efficiency lighting market in partnership with 3M and BB-Lightconcepts.
    
    
      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-G
    
    
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      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,” 
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      “expects,” “plans,” 
      “anticipates” and 
      similar expressions. Investors should not rely on forward looking 
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      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.