SatCon Announces Important Re-Certification.Successful Re-Certification for MIL-PRF-38534 Class H & K Manufacturing Standards BOSTON -- SatCon Technology Corporation[R] (Nasdaq CM: SATC SATC Sex and the City (HBO series) SATC Software Assurance Technology Center (NASA) SATC Sexual Assault Treatment Center (Broward County, Florida) ), today announced that its SatCon Electronics division, a designer and manufacturer of high reliability power management components, has successfully passed audits by the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Defense Supply Center in Columbus, Ohio Columbus is the capital and the largest city of the American state of Ohio. Named for explorer Christopher Columbus, the city was founded in 1812 at the confluence of the Scioto and Olentangy rivers, and assumed the functions of state capital in 1816. (DSCC DSCC Democratic Senatorial Campaign Committee DSCC Defense Supply Center Columbus (US DoD) DSCC Dyersburg State Community College (Dyersburg, TN) ) to maintain certification to manufacture space-qualified products to MIL-PRF-38534 Hybrid Microcircuit An electronic circuit composed of different types of integrated circuits and discrete components, mounted on a ceramic base. Used in military and communications applications, it is especially suited for building custom analog circuits including A/D and D/A converters, amplifiers and Class K standards. Class K is the highest reliability level achievable in the assembly of microcircuits. Compliance to this standard allows the design & manufacture of microelectronic assemblies for mission-critical military & space programs. Typical applications include satellite and space craft telemetry telemetry Highly automated communications process by which data are collected from instruments located at remote or inaccessible points and transmitted to receiving equipment for measurement, monitoring, display, and recording. , navigation, communications, distributed power systems and on-board On board usually means to be traveling on some vehicle. For example, Baby On Board. Compare with overboard. Metaphorically, the term on-board is often used to refer to some piece of technology that is integrated in a moving vehicle, for example: Jack Worthen, SatCon Electronics President, stated, "Maintaining our certification is critical to SatCon Electronics strategic direction and growth. Valued at roughly $200M for power components, the satellite and space electronics market is in a very active design phase with numerous contracts for next generation systems. We experienced significant growth in 2006 with "K" level product now representing 25% of our backlog." Worthen added "To continue growth in 2007 and beyond we have a number of leading edge new products recently released as well as in R&D establishing SatCon as a leader in space-qualified power products." About SatCon Technology Corporation SatCon Technology Corporation is a developer and manufacturer of electronics and 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-G 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. These forward-looking statements are identified by the use of terms and phrases such as "will," "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. |
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