SatCon Announces $2.5 Million Converter Order

March 18, 2003 by Jeff Shepard

SatCon Technology Corp. (Cambridge, MA), a leader in power and energy management products, announced that it has been authorized to start work on its largest fixed-frequency power converter order to date. The program will extend over approximately a 30-month period with a total value of the purchase order in excess of $2.5 million. The project will support key mission-critical aircraft systems within a major government program. SatCon's design was selected over multiple vendors in a three-year evaluation of technical capability, which included extensive field evaluation.

"The fixed-frequency products are part of SatCon Power Systems' Power Conversion product line," said SatCon President and CEO David Eisenhaure. "In recent months, there has been an increase in business for the power conversion product family. The power conversion product line covers products such as power conditioning systems for fuel cells and photovoltaic applications; rectifier products used for hydrogen gas production for the hydrogen-based economy; and in the chemical electrolysis processes for the plastics, plating and chemical industries."