Satcon Technology Corp. (MM) (NASDAQ:SATC)
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SatCon Technology Corporation(R) (Nasdaq NM: SATC), a
developer and manufacturer of power electronics and motors for the
alternative energy markets, today announced that it has been awarded a
Phase I SBIR contract with the U. S. Army to develop an Integrated
Starter/Generator (ISG) for hybrid powertrain military vehicles.
SatCon's Applied Technology division is currently developing DC/DC
converters (pulse power and battery chargers), starter generators,
auxiliary power units, and main generators for hybrid electric
vehicles for U. S. Army advanced technology vehicles. This award
expands SatCon's portfolio of vehicle power technologies with the
development of an integrated starter/generator based on advanced
permanent magnet machinery design concepts. This work is a direct
follow on from machinery research conducted at the Massachusetts
Institute of Technology (MIT) for the automotive sector, and a
previous SatCon SBIR supporting the Department of Energy's FreedomCAR
traction motor development program. SatCon will leverage its
Partnership for the Next Generation Vehicles (PNGV) development work
and Advanced Integrated Power Module (AIPM) technology to provide the
mating drive for the ISG. This machine technology has direct
applicability to both military and civilian hybrid electric vehicle
applications as an ISG and/or traction motor, and represents a
technology advancement compared to the Toyota Prius electric machine
technology. The objectives for a motor-drive system based on this
technology includes; constant power speed range (CPSR), rugged design,
high power density, and affordable manufacturing capability.
"This new SatCon program further solidifies our push into the
hybrid electric vehicle sector as we continue to advance the
technology in pursuit of high reliability mobility solutions," stated
SatCon's President & Chief Operating Officer, Millard Firebaugh. "This
most recent award supplements a broad array of hybrid electric vehicle
development activity underway at SatCon. Through this work we are
targeting best in class solutions for the widest possible range of HEV
applications."
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
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.