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 will be presenting at the 2007 IEEE
Power Engineering Society General Meeting in Tampa, Florida, this week.
The theme of this year’s Annual General
Meeting is “Powering the Future, Today”.
SatCon’s presentation and paper is titled “Advanced
Semiconductor Impact on Distributed Generation, Energy Storage and the
Utility Grid”.
“In this era of energy resource depletion,
energy supply fragility, and increasing concern over the environmental
consequences of our fossil fuel based economy, the IEEE Annual Meeting
is focused on these critical concerns,” said
Dr. Leo Casey, Chief Technology Officer of SatCon Technology
Corporation. “Our paper at the Annual meeting
addresses the great advantages in efficiency and reliability that are
derived from distributed, and in particular, renewable-distributed
generation. Building on our experience as a leading provider of Utility
Scale Photovoltaic and Fuel Cell Inverters, we also present the value
enhancement that is derived from the addition of sufficient storage to
the intermittent renewable resource. The ability of advanced
semiconductors, such as Silicon-Carbide, to impact this value
proposition by enabling robust MicroGrids is the unifying conclusion of
this presentation.”
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.