SatCon Awarded $2.5M Phase 2 Contract for Pulse Power Energy Storage and Delivery System  SatCon Technology
Corporation 

SatCon Awarded $2.5M Phase 2 Contract for Pulse Power Energy Storage and
Delivery System




BOSTON, May 01, 2007 (BUSINESS WIRE) -- SatCon Technology Corporation(R)
(Nasdaq CM: SATC), a developer of power management and system
architecture solutions for the alternative energy and distributed power
markets, today announced that its SatCon Applied Technology division has
been awarded an additional $2.5M contract with a California customer for
the next phase of pulse power equipment capable of providing 8.8
megawatts of power for several seconds. The total system will have pulse
power capabilities in excess of 18 megawatts. Delivery of the first
stage is scheduled for June 2007 and this new Stage 2 delivery is
scheduled for October 2007. This pulse power application is an
adaptation of SatCon's high power electronics and flywheel energy
storage products. 

SatCon's Chief Executive Officer, Dave Eisenhaure, stated, "SatCon is
pleased to be participating in this pulse power program. This contract
supports leadership in supplying power conversion and energy storage
products. These types of programs allow customers to draw low levels of
power from the grid and then supply large pulses of power for unique
applications." 

The award expands on SatCon's portfolio of power electronics products
with the development of an integrated pulse power energy storage system.
This technology has direct applicability to both civilian and government
customers. 

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. 

SOURCE: SatCon Technology Corporation 

SatCon Technology Corporation(R)
Dan Gladkowski, 617-897-2411
VP, Administration

You are subscribed to SatCon Technology Corporation Investor Relations''
e-mail alerts as avcooper@speedy.uwaterloo.ca.

To update your e-mail and alert preferences, please click here
 .
To unsubscribe, please click here
 .

SatCon Technology Corporation 
27 Drydock Ave. 6th Floor, South Boston, MA 02127
Service provided by Shareholder.com 
