SatCon wins Army contract for power conversion electronics

BOSTON, 12 May 2005. SatCon Technology Corp. today announced that it has been awarded a $2.8 million contract with the U. S. Army Research Laboratory (ARL) to assist in the development of power conversion electronics and controls in two key technology areas.

May 12th, 2005

BOSTON, 12 May 2005. SatCon Technology Corp. today announced that it has been awarded a contract with the U. S. Army Research Laboratory (ARL) to assist in the development of power conversion electronics and controls in two key technology areas.

These are power control and conversion systems for hybrid electric vehicles and pulse energy applications such as active armor. The contract has a current value of $2.8 million through 2007.

SatCon's Applied Technology division is currently developing power conversion systems for ARL. Dr. Wesley Tipton, team leader for ARL's Power Conversion Systems, said "The Army is investing significant resources to develop high power electronics for a variety of applications. The SatCon-ARL team has been successful in this endeavor. This agreement enables ARL and SatCon, to utilize the strengths of each organization to provide products that will meet the needs of present and future soldiers."

SatCon President & COO Millard Firebaugh stated: "The contract award with ARL further validates our recognized expertise in power electronics and control systems. This additional research and development contract will allow SatCon to further expand its efforts in the development of power control systems over a wider range of applications, including commercial hybrid-vehicles."

Modern applications are increasingly reliant on high power electrical energy and are placing increased focus on the development of equipment with ever increasing power density. SatCon is well positioned to supply these needs as it has demonstrated in the recent development and delivery of its High Voltage DC/DC capacitor charging converters.

SatCon Technology Corporation is a developer and manufacturer of power electronics and control systems for alternative energy, high-reliability industrial automation applications and critical military systems. For more information, see www.satcon.com.

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