Beacon Power Places Follow On Order for SatCon Technology's `UPS Suite' of Power Electronics.Business Editors CAMBRIDGE, Mass.--(BUSINESS WIRE)--Jan. 3, 2001 SatCon Technology Corporation(R) (NasdaqNM: SATC SATC Sex and the City (HBO series) SATC Software Assurance Technology Center (NASA) SATC Sexual Assault Treatment Center (Broward County, Florida) ), a leader in power and energy management products, announced today that it has received a second order from its affiliate, Beacon Power Corporation, for 65 units of SatCon's "UPS Suite" of power electronics. SatCon's Power Products Division in Marlborough, Massachusetts Marlborough is a city in Middlesex County, Massachusetts, United States. The population was 36,255 at the 2000 census. The name of this town is sometimes spelled as Marlboro, rather than Marlborough, which is the official spelling. will build the units and delivery is scheduled to take place over the next three months. Beacon Power plans to install the electronics as part of its flywheel uninterruptible power supply See UPS. (hardware) Uninterruptible Power Supply - (UPS) A battery powered power supply unit that is guaranteed to provide power to a computer in the event of interruptions in the incoming mains electrical power. , or UPS, system. "We've been working closely with Beacon Power over the past several months developing our "UPS Suite" of power electronics, to be installed in Beacon Power's flywheel energy storage Flywheel Energy Storage (FES) works by accelerating a rotor (flywheel) to a very high speed and maintaining the energy in the system as rotational energy. The energy is converted back by slowing down the flywheel. system," said David Eisenhaure, SatCon's President and Chief Executive Officer. "Over the last year, we delivered our first five-piece demonstration order followed recently by the completion of a 35-piece pre-production prototype order. These initial units were designed with an open architecture to allow for modifications during the development of the overall system specifications. Having met those specifications with our pre-production prototype models, these new 65 units will be built to reflect a production representative design. These new units will be built for manufacturability at higher volume levels using our assembly line out at our Marlborough facility. The units will also be designed to be field serviceable ser·vice·a·ble adj. 1. Ready for service; usable: serviceable equipment. 2. Able to give long service; durable: a heavy, serviceable fabric. , to meet UL certification, and reflect reduced size and cost." Beacon Power Corporation (NasdaqNM: BCON BCON Broadcast Cross Connect (AT&T) ), manufactures and sells flywheel energy storage systems for uninterruptible power supply and power quality applications. Beacon Power's flywheels are designed to provide the telecommunications and cable television industries with the most advanced, most reliable, and most environmentally friendly Environmentally friendly, also referred to as nature friendly, is a term used to refer to goods and services considered to inflict minimal harm on the environment.[1] uninterruptible power supply systems available today. SatCon Technology Corporation manufactures and sells power and energy management products for distributed power generation, telecommunications, silicon wafer manufacturing, factory automation, aircraft, satellites and automotive applications. SatCon has three operating segments that contain six divisions. Under the Electronics Products segment, Advanced Fuel Cell Power Products manufactures and sells power conversion products for fuel cell and other power generation systems and Film Microelectronics, Inc. designs and manufactures standard and custom microelectronic circuits and interconnect products. Under the Motion Control Products segment, Magmotor manufactures standard and custom high-performance motors and magnetic suspension systems Noun 1. suspension system - a mechanical system of springs or shock absorbers connecting the wheels and axles to the chassis of a wheeled vehicle suspension and Ling ling: see cod. Electronics manufactures shaker Shaker Member of the United Society of Believers in Christ's Second Appearing, a celibate millenarian sect. Derived from a branch of the radical English Quakers (see Society of Friends), the movement was brought to the U.S. vibration test equipment, power converters, amplifiers and controllers. Under the Funded Research and Development segment, SatCon Electronic Power Products performs contract product development for power electronics including hybrid and electric drivetrains, and the Technology Center is responsible for new technology and product development. Our affiliate, Beacon Power Corporation, is developing flywheel energy storage systems for uninterruptible power and power quality management. For further information, please visit the SatCon website at http://www.satcon.com. Statements made in this document that are not historical facts or which apply prospectively are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve risks and uncertainties. Among the important factors that could cause the Company's actual circumstances, or results, to differ materially from those implied by such forward-looking statements include market conditions, developments in the Company's business and industry, inability to gain customer acceptance of its new products and difficulties in developing technology enhancements. Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained from time to time in the Company's filings, including but not limited to the Company's Forms 10-K and 10-Q. Copies of those filings are available from the Company and the SEC. |
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