SatCon Obtains Approximately $4,700,000 Financing From Exercise of Warrants

  
    
  
  
    
      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 agreed to amend its existing Warrant B’s 
      issued in connection with its $12,000,000 secured convertible note 
      financing to reduce the exercise price from $1.68 to $1.31 per share and 
      that the note holders have all exercised such Warrant B’s. 
      The Company expects to obtain approximately $4,700,000 in new funds as a 
      result of such exercise. The Company will use the proceeds from the 
      financing for general corporate purposes, including working capital for 
      its business.
    
    
      About SatCon Technology Corporation
    
    
      SatCon Technology Corporation is a developer and manufacturer of 
      electronics and generators/motors for the Renewable 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.