Satcon Technology Corp. (MM) (NASDAQ:SATC)
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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 I SBIR
contract with the U.S. Air Force Research Laboratory to develop a high
speed, power dense generator for airborne applications in the range of
100-300 kW scalable to the MW-class for directed energy weapon (DEW)
power supplies.
SatCon is currently developing starter/generators, traction motors, and
generators for ground and undersea vehicles. This award expands SatCon’s
portfolio of electric power conversion technologies with the development
of a generator for aerospace applications based on advanced permanent
magnet machinery design concepts. This work is a direct follow-on from
machinery research conducted for the US Army, Ft. Belvoir, for a HMMWV
inline generator and an active development program with the Army
Research Laboratory for a 410kW hybrid electric tactical vehicle
generator. This machine technology has direct applicability to military
and dual-use civilian series hybrid vehicles, on-board vehicle power
(OBVP), and for generator set applications. This concept will also be
scalable to MW-class applications such as airborne directed energy
weapons (DEW) and naval ship power generation. The objectives for this
program are high-speed capability, rugged design, high power density,
and affordable manufacturing capability.
SatCon’s President & Chief Executive Officer,
David Eisenhaure, stated "In addition to opening up opportunities for
future military aircraft power applications, this new SatCon program
further solidifies our push into the hybrid electric vehicle sector for
military, commercial, and passenger applications. SatCon is targeting
best in class solutions for the widest possible range of hybrid electric
vehicle and power conversion applications through a broad array of
developments.”
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)
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.