SatCon Receives $750,000 Contract to Develop Advanced ''Predictive'' Controller
May 09 2007 - 7:30AM
Business Wire
SatCon Technology Corporation� (Nasdaq CM: SATC), a developer and
supplier of power management and system architecture solutions for
the alternative energy and distributed power markets, today
announced that it has been awarded a Phase II contract from the Air
Force Research Laboratory (AFRL) to develop a �Predictive
Controller for Power Supply Prognostication.� The total value of
the contract is $750,000 with the work being accomplished over the
next 18 months. The development and incorporation of this
technology into SatCon�s successful line of commercial grade
inverters, used for fuel cell and photovoltaic applications, could
provide an additional competitive advantage for the company. �With
the ever-increasing expansion of electrical solutions, there has
been increased interest in being able to predict failure of
electrical components and systems,� said Dr. Leo Casey, SatCon�s
Chief Technology Officer. �Performing prognostics within the system
as it operates will help to predict the remaining useful life of
its components and thus avoid system failures. This improves the
safety of the system, but also reduces operational costs by
eliminating what may be unnecessary scheduled maintenance and
downtime. It can also be used to turn on redundant components to
prevent catastrophic failure in live critical systems. Prognostics
ability has significant benefits for such systems in aerospace
applications prompting AFRL�s decision to fund this work. It is
also important for environments such as electric and
hybrid-electric automobiles and large power generation plants such
as solar and wind power farms where down time can have significant
implications to the grid or the end users of the generated power.�
About SatCon Technology Corporation SatCon Technology Corporation
is a developer and manufacturer of electronics and
generators/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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