SatCon Director and Chief Scientist James L. Kirtley Receives Prestigious Nikola Tesla Award.Business/Technology Editors CAMBRIDGE, Mass.--(BUSINESS WIRE)--Jan. 29, 2002 Institute of Electrical and Electronics Engineers Not to be confused with the Institution of Electrical Engineers (IEE). The Institute of Electrical and Electronics Engineers or IEEE (pronounced as eye-triple-e award recognizes outstanding contributions in the field of generation and utilization of electric power SatCon Technology Corporation(R) ("SatCon") (Nasdaq NM: 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, today announced that James L. Kirtley, Jr. a member of SatCon's Board of Directors and its Chief Scientist was awarded the prestigious Nikola Tesla Noun 1. Nikola Tesla - United States electrical engineer and inventor (born in Croatia but of Serbian descent) who discovered the principles of alternating currents and developed the first alternating-current induction motor and the Tesla coil and several forms of Award from the IEEE (Institute of Electrical and Electronics Engineers, New York, www.ieee.org) A membership organization that includes engineers, scientists and students in electronics and allied fields. (The Institute of Electrical and Electronic Engineers). The Award is given to individuals who have made outstanding contributions to the field of generation and utilization of electric power. James Kirtley Robert James Kirtley is an English Test cricketer, who was born on the 10 July 1975 in Eastbourne in the county of Sussex. He is a right arm fast to medium bowler and a right hand batsman. He also studied at Clifton College, Bristol and St.Andrews School, Eastbourne. is a Professor of Electrical Engineering electrical engineering: see engineering. electrical engineering Branch of engineering concerned with the practical applications of electricity in all its forms, including those of electronics. at the Massachusetts Institute for Technology, Cambridge, Massachusetts, USA. The Award cited Kirtley's "contributions to the theoretical analysis, design, and construction of high performance rotating electric machinery, including superconducting turbogenerators." The Award will be presented to Kirtley at a New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of luncheon today. "It is a tremendous honor for Jim to be recognized by his peers and members of IEEE, a leading society of electrical and electronics engineers Society of Electrical and Electronics Engineers (S.E.E.E.), College Of Engineering, Guindy, Anna University, Chennai-600025 S.E.E.E offers higher education in Electrical Engineering, Technology and allied Sciences relevant to the current and projected needs of the society. ," said David Eisenhaure, SatCon's president and chief executive officer. "Jim has made significant contributions as a member of our Board of Directors and as our Chief Scientist in the development of such products as our MagLev industrial system that is used in semiconductor wafer manufacturing; our advanced motors that are being used in new fuel cell automobiles and distributed power generation systems; our new and unique rotary design 2.0MW Uninterruptible Power Supplies (UPS) system that we introduced this past year; an electromagnetic aircraft launch system Electromagnetic Aircraft Launch System (EMALS) is a system under development by the United States Navy to launch aircraft from carriers using a linear motor drive instead of steam pistons, used in conventional aircraft catapults. (EMALS EMALS Electromagnetic Aircraft Launch System ), that is designed to replace steam catapults on aircraft carriers by launching fighter planes off the deck of the ship using magnetic systems; our line of brushless DC motors sold under the Magmotor brand to factory automation markets and many other products that we sell into the digital power marketplace today." 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. SatCon Semiconductor Products manufactures and sells power chip components; power switches; RF devices; amplifiers; telecommunications electronics; and hybrid microcircuits for industrial, medical, and aerospace applications. SatCon Applied Technology develops advanced technology in digital power electronics, high-efficiency machines and control systems with the strategy of transitioning those technologies into products. 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. 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 Securities and Exchange Commission. |
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