SatCon Approved for Listing on the Nasdaq Capital Market
October 24 2006 - 8:15AM
Business Wire
SatCon Technology Corporation� (Nasdaq GM: SATC), a developer and
manufacturer of power electronics and motors for the alternative
energy markets, today announced that, on October�23, 2006, the
Company received notification from the Nasdaq Listing
Qualifications Department that the Company�s application to
transfer the listing of the Company�s common stock from The Nasdaq
Global Market to The Nasdaq Capital Market has been approved.
According to Nasdaq, the Company�s common stock will begin trading
on The Nasdaq Capital Market at the opening of business on October
25, 2006. As a result of this action by the Company, the scheduled
hearing before a Nasdaq Listing Qualifications Panel will no longer
be required. About SatCon Technology Corporation SatCon Technology
Corporation is a developer and manufacturer of electronics and
motors for the Renewable 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) 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 �will,� �intends,� �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
expectation. Additional information concerning risk factors is
contained from time to time in the Company�s SEC filings. The
Company expressly disclaims any obligation to update the
information contained in this release. SatCon Technology
Corporation(R) (Nasdaq GM: SATC), a developer and manufacturer of
power electronics and motors for the alternative energy markets,
today announced that, on October 23, 2006, the Company received
notification from the Nasdaq Listing Qualifications Department that
the Company's application to transfer the listing of the Company's
common stock from The Nasdaq Global Market to The Nasdaq Capital
Market has been approved. According to Nasdaq, the Company's common
stock will begin trading on The Nasdaq Capital Market at the
opening of business on October 25, 2006. As a result of this action
by the Company, the scheduled hearing before a Nasdaq Listing
Qualifications Panel will no longer be required. About SatCon
Technology Corporation SatCon Technology Corporation is a developer
and manufacturer of electronics and motors for the Renewable
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) 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
"will," "intends," "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 expectation. Additional
information concerning risk factors is contained from time to time
in the Company's SEC filings. The Company expressly disclaims any
obligation to update the information contained in this release.
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