LeCroy Center Purchases SatCon Rotary UPS System to Provide Power Conditioning and Back up Power to 80,000 Online Students.
CAMBRIDGE, Mass.--(BUSINESS WIRE)--Dec. 18, 2002
The R. Jan LeCroy Center for Educational Telecommunications
Purchases SatCon's 250kW Rotary UPS System to Provide Reliable,
Quality Power to its Online Classrooms
SatCon Technology Corporation(R) (Nasdaq NM: SATC), a leader in critical power systems, announced today that the R. Jan LeCroy Center for Educational Telecommunications has purchased SatCon's 250kW (315kVA) Rotary UPS (uninterruptible power supply) system to provide power conditioning and back up power to protect its distance learning data center against power outages. The UPS unit will be used to back up the e-Campus system to ensure that over 80,000 on-line students can continue their on-line classes in the event of an electrical power outage. The unit, which is similar to the functioning one that conditions and backs up the electric power at SatCon's Power Systems plant in Worcester, MA, will be installed at the LeCroy Center which is housed on the Richland College campus in Dallas, TX.
"Maintaining a constant, reliable power supply is critical to the success of our online classrooms," said Pamela K. Quinn, President/Assistant Chancellor at the R. Jan LeCroy Center for Educational Telecommunications. "SatCon's Rotary UPS will enable us to keep our data center up and running in the event of a power failure and improve the quality of service we provide to our online students. Ensuring that our students worldwide will have continuous, uninterrupted access to our online classrooms will enhance our service offering and strengthen our position as the leader in the distance learning higher education market."
"Universities are major users of computational electronics and often have large data centers. Many offer on-line learning as well," said David Eisenhaure, SatCon president and chief executive officer. "The need for reliable power at universities nationwide represents a major market opportunity for SatCon. Current UPS systems are primarily battery based, which come with a variety of problems including maintenance costs, reliability, hazardous chemicals and a shorter life span than we predict for our Rotary UPS systems. This makes our UPS an attractive alternative to university customers."
"The growth of the digital economy has drastically increased the demand for reliable, quality power and organizations like the LeCroy Center are realizing the benefits of digital power technologies," said David Eisenhaure, SatCon's president and chief executive officer. "Due to SatCon's history as a leading provider of reliable digital power products, we are ideally situated to meet the demand of this growing UPS and power quality market, which, according to First Union Securities will reach $70 billion by 2003. By selecting SatCon's UPS system, LeCroy Center will ensure that its distance learning program will have a constant supply of 'always on' power."
Funding to support the purchase of the SatCon's Rotary UPS system comes from a grant to the Dallas County Community College District (DCCCD) from the State of Texas Telecommunications Infrastructure Fund Board, Grant # QE-2001-HTA2C-5540. The Dallas County Community College District is the leader in the development of distance learning college credit programs in the state of Texas. Through its LeCroy Center for Educational Telecommunications, the DCCCD provides support for more than 80,000 individuals on the e-Campus system. With the purchase of SatCon's UPS unit, continuous and critical power will insure uninterrupted services and programming.
SatCon rotary UPS systems perform the functions of back up power, and power quality conditioning. As power quality conditioners and an uninterruptible power source, they are designed to provide reliable, high quality power by constantly conditioning incoming power from the electric utility grid and acting as a substitute for the electric utility in the case of power outages. As back-up power sources, if there is a power outage, they convert the energy stored in the flywheel to electricity to power the facility until an integral engine-generator starts or until the utility returns. For more information on SatCon's Rotary UPS systems, including photos and descriptions, please visit: http://www.satcon.com/Update10-02.pdf
About SatCon Technology Corporation
SatCon Technology Corporation manufactures and sells power and energy management products for digital power markets. SatCon has three business units: SatCon Power Systems manufactures and sells power systems for distributed power generation, power quality and factory automation, including inverter electronics from 5 kilowatts to 5 megawatts. SatCon Electronics manufactures and sells power chip components; power switches; RF devices; amplifiers; telecommunications electronics; and hybrid microcircuits for industrial, medical, military and aerospace applications. SatCon Applied Technology develops advanced technology in digital power electronics, high-efficiency machines and control systems for a variety of defense applications with the strategy of transitioning those technologies into multiyear production programs. 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. 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 broad customer acceptance of its UPS products, failure to successfully manufacture these systems in quantities and inability to successfully complete the product introduction. 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 Securities and Exchange Commission. The Company expressly disclaims any obligation to update the information contained in this release.
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|Date:||Dec 18, 2002|
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