SatCon Wins New Bi-Directional Converter Technology SBIR Contract.

BOSTON -- SatCon Technology Corporation[R] (Nasdaq CM: SATC), a developer of power management and system architecture solutions for the alternative energy and distributed power markets, today announced that it has been awarded a Phase I SBIR contract with the U. S. Navy to develop a bi-directional universal input/output "Multiverter".

SatCon has been a leader in technology development and solutions for the advanced power conversion market for the past 20 years. This award supports that focus through the development of a truly universal bi-directional isolating power converter module.

The bi-directional converter builds on technology developed for the Army Research Laboratory and can become a versatile distributed generation interface for linking shipboard energy sources such as fuel cells, batteries and energy storage sources, to the ships electrical distribution system, enabling more efficient operation and saving fuel.

The results of this research will also have applicability to other "all electric vehicle" programs and alternative energy markets. DC input from photovoltaic arrays, or AC input from wind or hydro generators, or stored energy from batteries can be used to provide AC output to a load or utility and in reverse the utility can be used to recharge batteries. This includes such applications as Plug-in Hybrid-Electric Vehicle (PHEV) vehicle applications and other systems where charging batteries, or the efficient switching between power sources is a critical function.

SatCon's President & Chief Executive Officer, David Eisenhaure, stated, "This is another in a series of cutting edge SBIR awards that SatCon has received whereby we continue to push the state of the art in electric power conversion technology. This development program enables us to remain at the forefront of the technology advancement that seeks improved efficiency and performance in power generation and conversion systems. This will ultimately enhance the performance and flexibility of our alternative energy and electric and hybrid-electric vehicle 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)

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