SatCon and Silicon Valley Bank Enter into Secured Credit Facility Agreement

  
    
  
  
    
      SatCon Technology Corporation® (Nasdaq CM: 
      SATC), a developer of power management and system architecture solutions 
      for the alternative energy and distributed power markets, today 
      announced that it has entered into a new secured revolving credit 
      facility with Silicon Valley Bank. This line of credit enables the 
      company to borrow up to $10 million, subject to certain availability 
      criteria relating to accounts receivables and inventory.
    
    
      "We are very pleased that we were able to continue our relationship with 
      Silicon Valley Bank and close on this line to support our continued 
      revenue growth," said David Eisenhaure, CEO of SatCon. "Silicon Valley 
      Bank has been our bank for over five years and we are pleased to have 
      them as a partner," continue Eisenhaure. "This line of credit, along 
      with our recent infusion of capital from Rockport Capital Partners and 
      NGP Energy Technology Partners, allows us to focus on the growth of the 
      business."
    
    
      About SatCon Technology Corporation
    
    
      SatCon Technology Corporation is a developer and manufacturer of 
      electronics and generators/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-E)
    
    
      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 
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      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 
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      update the information contained in this release.