SatCon Technology names Allen J. Goetz vice president, technology division.

CAMBRIDGE, Mass.--(BUSINESS WIRE)--Oct. 4, 1995--SatCon Technology Corporation, Cambridge, MA, (NASD:SATC), announced today that Allen J. (Butch) Goetz has joined the Company as Vice President, Technology Division.

This accompanies SatCon's earlier announcement of its expansion into two divisions, the Technology Division and the Energy Systems Division.

As Vice President of SatCon's Technology Division, Goetz will be responsible for directing the development of advanced technology that can move quickly into commercial use through SatCon's product divisions. Throughout his career, Goetz has specialized in starting and leading advanced development operations that created leading-edge technology which was then successfully applied to practical use. Goetz will also be responsible for SatCon's new office in Tucson, Arizona, where electro-optics and related technologies will be the primary focus of the facility.

"I am excited about this opportunity to contribute to SatCon's overall growth, and to provide leadership for the Technology Division," said Goetz. "I am looking forward to continuing SatCon's state-of-the-art technology development, while expanding the application base that will ensure success in our new product divisions."

Goetz brings more than 28 years of experience in the aerospace and electro-optic industries. Prior to joining SatCon, Goetz was the director of advanced technology at Kaman Aerospace's Electro-Optics Development Center in Tucson, Arizona, and director of business development for electro-optics and cryogenics systems at Ball Aerospace. Goetz was pivotal in the development of Kaman's Electro-Optics Development Center, developing imaging electro-optic systems for military and commercial applications. Prior to his position at Ball, Goetz was a charter member of the technology group that established the Space Systems Division at Sperry Corporation, where he did pioneering work on advanced attitude control systems for satellites.

Goetz has been a key technical leader for some of the most exciting projects of the U.S. space program, including the Defense Support Program (DSP), Einstein Observatory, Galileo probe and the Skylab orbiting space station.

Goetz received his BSME and MSME from North Dakota State University.

"We are very pleased that Butch will lead the Technology Division of SatCon," said David Eisenhaure, president and CEO of SatCon. "Butch has almost 30 years of advanced technology and management experience, and brings strong leadership to our new Tucson office, where SatCon will bring its synergistic technology in power and control electronics, motors, and actuators to the electro-optics market. Most important, Butch has a long track record of leading advanced development efforts that produce results that can be commercialized. We expect that the Technology Division, under Butch Goetz, will feed technology directly to our growing group of product divisions." -0-

SatCon Technology Corporation, Cambridge, Massachusetts, was founded in 1985 to apply expertise in magnetics and active motion control to solving problems for industries and consumers. SatCon has developed an extensive base of proprietary knowledge that it implements in all of the company's products and projects. Numerous vendors in a variety of industries have selected SatCon-developed technologies to enhance the efficiency and reduce the environmental impact of their products. SatCon technologies include magnetic, non-contact bearings, electromagnetic steering and braking systems for vehicles, and high-output, long-life electric motors for industry.

CONTACT: SatCon Technology Corporation

William O'Donnell

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Schwartz Communications

David Close or Nigel Smith

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