SatCon Receives Multi-Million Dollar Order for DC Power Electronics Through Fluor Canada Ltd.; Over 30 MW of Advanced DC Power

SatCon Technology Corporation(R) (Nasdaq NM: SATC), a
developer and manufacturer of power electronic and control products
for the alternative energy and power distribution markets, today
announced that it has received a purchase order, valued in excess of
$5 million, issued through Fluor Canada Ltd., acting as representative
for a client. The order is for over 30 MW of Inverpower(TM) DC power
electronics for use in a copper refining process. This order is not
included in third quarter orders on hand reported earlier today as
final terms and conditions are expected to be finalized within the
fourth quarter. Fulfillment of the order is scheduled over the next
year.
   Fluor Canada Ltd. is a leading consultant in industrial and power
distribution applications.
   "SatCon, through its wholly-owned Canadian subsidiary, was the
first company in the world to supply high power DC power electronics
using IGBT power transistor technology. DC power distribution based on
power transistor technology is recognized for its high efficiency and
power quality, and is also a key feature in our alternative energy
inverter products," said Clemens van Zeyl, President of SatCon
Stationary Power Systems. "To-date, SatCon has supplied over 450 MW of
DC power distribution equipment utilizing IGBT technology, more than
any other company in the world."
   "We are pleased to be working with world leaders like Fluor Canada
Ltd. to supply high quality, reliable DC power for copper refining,"
said David Eisenhaure, CEO and Chairman of SatCon Technology
Corporation. "This order underscores the 'utility-grade' quality of
our DC power electronics and is indicative of the high-quality
platform for our alternative energy initiatives."

   About Inverpower(TM) Power Delivery Products

   Inverpower(TM) power delivery products are designed for the supply
of high precision power with high efficiency and low impact to the
power grid. The Inverpower DC (direct current) power delivery systems
using power transistor (Insulated Gate Bipolar Transistor or "IGBT")
technology was introduced in the late 1990's and is obtaining
increasing acceptance in industrial markets. This innovative product
is built using standard power modules rated over 1 MW each and is one
of the building blocks for SatCon's alternative energy products.
SatCon's leading experience in using this technology for industrial
applications places SatCon in a unique competitive position for MW
class alternative energy systems.

   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-G)

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