Satcon Announces New European Executive, Launches Accelerated Lead Time Program
October 20 2009 - 1:04AM
Business Wire
Satcon Technology Corporation (NASDAQ CM: SATC), a leading
provider of utility scale power solutions for the renewable energy
market, today announced Peter Deege as General Manager of the
European, Middle Eastern and African (EMEA) regions.
With over 12 years experience in the European solar photovoltaic
industry, Deege brings to Satcon the leadership and industry
expertise that will leverage the company’s market leadership in
North America into worldwide growth in regions across the globe.
Having previously worked as a Senior Consultant at Ecofys, Product
Manager at Ecostream International, and as Managing Director at
Ecostream Switzerland, Deege is a seasoned executive that will
direct Satcon’s growth in the largest solar market in the world.
His experience in developing some of the largest projects in Europe
over the past decade will match perfectly to Satcon’s position as
the worldwide leader in solutions for utility scale solar PV.
“Satcon’s renewable energy solutions have consistently set the
standards in performance, reliability and advanced next generation
capabilities, while recent technology innovations such as Solstice
and Prism continue to demonstrate our leadership in utility ready
solar energy,” said Deege. “With now over 170 megawatts of the
PowerGate 500 kW units installed on energy grids around the world,
Satcon has established itself as the most advanced supplier of
large scale solar power solutions in the rapidly expanding EMEA
market.”
In addition to the Deege announcement, Satcon also released its
Accelerated Lead Time Program (ALTP) for Europe, offering the
market’s most aggressive product availability lead time for large
scale commercial and utility solar projects. Under the program,
designed to meet the high demand for European solar projects to be
completed by year end, Satcon will make its PowerGate 500 kW
products available with 8 week lead times.
“European expansion is central to our global strategy and we are
committed to delivering the same levels of quality and service to
our European customers that has allowed us to maintain our market
leadership position as the best in class large scale solar PV
inverter solution provider in North America,” said Steve Rhoades,
President and Chief Executive Officer of Satcon. “Peter brings the
leadership and industry knowledge that is key to expanding our
team, our operations and our brand into the world’s most mature
solar market.”
About Satcon
Satcon Technology Corporation is the leading provider of utility
scale distributed power solutions for the renewable energy market,
enabling the industry’s most advanced reliable and proven clean
energy alternatives. For over 24 years, Satcon has designed and
delivered the next generation of efficient energy systems for solar
photovoltaic, stationary fuel cells, and energy storage systems. To
learn more about Satcon, please visit www.Satcon.com
Safe Harbor
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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
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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, including its Annual Report on Form
10-K and other periodic reports filed with the SEC. Forward-looking
statements contained in this press release speak only as of the
date of this release. Subsequent events or circumstances occurring
after such date may render these statements incomplete or out of
date. The company expressly disclaims any obligation to update the
information contained in this release.
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