SatCon Receives $750,000 Contract to Develop Advanced ''Predictive'' Controller

  
    
  
  
    
      SatCon Technology Corporation® (Nasdaq CM: 
      SATC), a developer and supplier of power management and system 
      architecture solutions for the alternative energy and distributed power 
      markets, today announced that it has been awarded a Phase II contract 
      from the Air Force Research Laboratory (AFRL) to develop a “Predictive 
      Controller for Power Supply Prognostication.” 
      The total value of the contract is $750,000 with the work being 
      accomplished over the next 18 months. The development and incorporation 
      of this technology into SatCon’s successful 
      line of commercial grade inverters, used for fuel cell and photovoltaic 
      applications, could provide an additional competitive advantage for the 
      company.
    
    
      “With the ever-increasing expansion of 
      electrical solutions, there has been increased interest in being able to 
      predict failure of electrical components and systems,” 
      said Dr. Leo Casey, SatCon’s Chief Technology 
      Officer. “Performing prognostics within the 
      system as it operates will help to predict the remaining useful life of 
      its components and thus avoid system failures. This improves the safety 
      of the system, but also reduces operational costs by eliminating what 
      may be unnecessary scheduled maintenance and downtime. It can also be 
      used to turn on redundant components to prevent catastrophic failure in 
      live critical systems. Prognostics ability has significant benefits for 
      such systems in aerospace applications prompting AFRL’s 
      decision to fund this work. It is also important for environments such 
      as electric and hybrid-electric automobiles and large power generation 
      plants such as solar and wind power farms where down time can have 
      significant implications to the grid or the end users of the generated 
      power.”
    
    
      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-G)
    
    
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