SatCon Announces Certification of It’s PV Inverters for Commercial Applications
SatCon Technology Corp.® announced that it has obtained certification of its PowerGate® Inverter product-line for commercial photovoltaic applications to the new UL standard coming into effect May 7, 2007. In January of 2006, SatCon announced certification under the new UL1741 of its innovative ground fault detection interrupter (patent pending). This new certification for the entire product-line is a follow on to that approval.
SatCon’s wholly owned subsidiary, SatCon Power Systems Canada, reports that it’s backlog has grown from the $16 million reported in September of 2006 to over $21 million. This backlog has grown while revenues have increased over 200% to $8.6 million in the last six months of 2006 as compared to the same period of 2005.
"Our strategy to focus our alternative energy business and complementary power distribution products continues to drive our backlog and revenue growth", said Clemens van Zeyl, President of SatCon’s Power Systems subsidiary. "With approval of our existing product-line to the new UL standard in hand, our focus will now be on the introduction of our next generation PowerGate® Inverter designed for increased capacity while offering additional value added features to our customers".