Satcon Technology Corp. (MM) (NASDAQ:SATC)
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SatCon Technology Corporation(R) (NASDAQ NM: SATC), a
developer and manufacturer of power electronic products, today
announced that it has received a new SBIR award from the US Air Force
Research Laboratory for an advanced controller for Silicon Carbide
(SiC) applications.
"SatCon is a leader in the application of emerging Silicon Carbide
technology and this award further validates our role in bringing this
advanced semiconductor technology to market," said SatCon Chairman and
CEO, David Eisenhaure. "To date we have received more than ten grants
for circuit and system development using Silicon Carbide from various
funding agencies, including the Research Laboratories of the Navy,
Army and now the Air Force in addition to the Department of Energy and
DARPA. We are gratified that the Department of Defense continues to
value our role in transitioning these devices to real world
applications."
Electrical components and power systems using Silicon Carbide
devices can be built smaller and lighter, and can operate more
efficiently, than systems using conventional silicon technology. They
also have the potential to operate more reliably in harsh environments
and demanding applications. In renewable energy applications such as
Photovoltaics and Fuel Cell electronics the improved efficiency and
reliability is a strong advantage. There is also a broad range of
innovative applications for SiC components and systems including motor
drives for hybrid electric vehicles, aircraft and spacecraft power
distribution and a range of power conversion 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.
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
expectations. Additional information concerning risk factors is
contained from time to time in the Company's SEC fillings. The Company
expressly disclaims any obligation to update the information contained
in this release.