SatCon Wins Navy Amplifier Cooling Contract.BOSTON -- SatCon Technology Corporation(R) (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on NM: SATC SATC Sex and the City (HBO series) SATC Software Assurance Technology Center (NASA) SATC Sexual Assault Treatment Center (Broward County, Florida) ), a developer and manufacturer of power electronic products, today announced that it has been awarded a Phase II SBIR SBIR Small Business Innovation Research (program/grant) SBIR Space Based Infra-Red SBIR Speaker-Boundary Interference SBIR Site Backsurface-referenced Ideal Plane/Range (silicon wafers) contract for the integration and packaging of a Low Noise Amplifier (LNA LNA Low-Noise Amplifier LNA Locked Nucleic Acid (Link Technologies Ltd.) LNA Linolenic Acid LNA Licensed Nursing Assistant LNA Launch Numerical Aperture LNA Ladies National Association LNA Leading National Advertisers, Inc. ) with thermoelectric cooler (TEC) for the Space and Naval Warfare Systems Command (SPAWAR SPAWAR Space & Naval Warfare Systems Command (US Navy) SPAWAR Space Warfare ). The contract value is $749,998. SatCon's Applied Technology division will design, fabricate, test and deliver a prototype, integrated LNA with TEC package for use in shipboard communications systems electronics that will improve the amplifiers range and sensitivity. The effort supports SPAWAR's mission of "transforming information into decisive effects" by improving signal acquisition and digital signal processing See DSP. Digital Signal Processing - (DSP) Computer manipulation of analog signals (commonly sound or image) which have been converted to digital form (sampled). for communications and radar systems for Navy ships. The award is an outgrowth of SatCon's previous thermal management research on using TEC technology to cool sensors and electronics in aircraft anti-radiation defense systems. SatCon Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , David Eisenhaure stated, "SatCon is pleased to have a role in the US Navy's development of new communications technology. This contract supports our stated initiative to expand our defense related business. Other potential applications include radar electronics cooling." 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. 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 expectations. Additional information concerning risk factors is contained from time to time in the Company's SEC fillings. The Company expressly disclaims any obligation to update the information contained in this release. |
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