| To: Keith Fauci who wrote (411) | 4/1/2004 12:52:30 PM | | From: Jim Oravetz | | | | SatCon Electronics Announces Over $3.0 M In New Contracts; SatCon's Electronics Unit Quarter-End Order Backlog Reaches 2 Yr High
DOW JONES NEWSWIRES
April 1, 2004 11:04 a.m.
CAMBRIDGE, Mass. -- SatCon Technology Corp.'s (SATC) electronics unit received more than $3 million in new contracts during the fiscal second quarter, boosting quarter-end backlog to its highest level in two years.
In a press release Thursday, the maker of electronic power control systems said the division's backlog is about $5 million. That includes $640,000 of orders for system-level assemblies used in military satellite communications mobile base stations.
For the quarter ended March 29, 2003, SatCon recorded revenue of $5.5 million, which included electronics unit product revenue of $2 million. The company's loss for the quarter was $12.2 million, or 69 cents a share.
For the quarter ended March 30, 2002, SatCon reported revenue of $10.3 million, including electronics unit product revenue of $2.5 million. The company's loss for the quater was $5 million, or 30 cents a share.
At about 11 a.m. EST Thursday, the company's shares traded at $2.84 on the Nasdaq National Market, up 23 cents, or 8.8%. Composite volume was 382,684 shares, compared with the stock's average daily trading volume of 365,548 shares. |
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| To: Keith Fauci who wrote (413) | 4/2/2004 12:30:31 PM | | From: Jim Oravetz | | | | I don't follow this company all that much to want to look over the books or read between the lines. To me, they have seemed have many interesting product lines, yet they seem to languish about in terms of making REAL money. Lots of the R&D money is/was gov't derived. Not a big stake here - few 100 shares.
Jim |
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| To: Jim Oravetz who wrote (414) | 5/28/2004 11:25:06 AM | | From: dvdw© | | | | Here is a press release from their web site which hasnt gotten the visibility it deserves....we know there is big time action on this front in California...perhaps an upside surprise will result.
Press Release
--------------------------------------------------------------------------------
CONTACTS
SatCon Technology Corporation® Investor Relations
Michael Turmelle Dave Gentry
Chief Operating Officer Aurelius Consulting Group
(617) 661-0540 407-644-4256
www.runonideas.com
info@Aureliusconsulting.com
SATCON'S 50 KILOWATT PHOTOVOLTAIC POWER CONVERSION SYSTEM RECEIVES UL-1741 CERTIFICATION
Cambridge, MA -- February 26, 2004 -- SatCon Technology Corporation® (Nasdaq NM: SATC), a manufacturer of electronic power control systems, today announced that its PowerGate AE-PV 50kW photovoltaic Power Conversion System (PCS) has been UL-1741 certified. The unit has also been submitted for approval to the California Energy Commission (CEC) for use on California sponsored projects. The Company has a 100kW PCS which as already been UL-1741 certified and approved by the CEC. Both products are also being submitted to the New York State Energy Research and Development Authority (NYSERDA) to qualify for that state's energy programs.
David Eisenhaure, SatCon's CEO and Chairman, stated: "This certification is another important step in helping SatCon establish itself as the premier provider of Power Conversion Systems for alternative energy technologies."
The converters are designed for use with light industrial and commercial solar power systems to generate electrical power in office buildings, small factories, hotels and similar facilities.
SatCon's PCS converts DC electricity from photovoltaic cells into usable AC electricity. Clean Energy Trends 2003 estimates that the photovoltaic market will grow from a $3.5 billion global industry in 2002 to more than $27.5 billion by 2012.
United Solar Ovonics (Uni-Solar), a leading manufacturer of thin film photovoltaic (PV) solar panels and provider of commercial PV roof system solutions, has agreed to use SatCon as its preferred supplier for 50kW and 100kW PCS's for commercial PV systems worldwide.
"We're seeing an emerging market interest in our PV inverter products," concluded Eisenhaure. "Several PV system integrators and distributors in addition to Uni-Solar have contacted us regarding the product and over 20 systems have already been quoted at a price of $15,000 - $100,000 each."
For more information on ordering these products, contact Tony Galbraith at SatCon Power Systems in Burlington, Ontario at 905-631-4406.
About SatCon Technology Corporation
SatCon Technology Corporation manufactures and sells power control systems for critical military systems, alternative energy and high-reliability industrial automation applications. Products include inverter electronics from 5 kilowatts to 5 megawatts, power switches, and hybrid microcircuits for industrial, medical, military and aerospace applications. SatCon also develops and builds digital power electronics, high-efficiency machines and control systems for a variety of defense applications with the strategy of transitioning those technologies into multiyear production programs. For further information, please visit the SatCon website at www.satcon.com.
Statements made in this document that are not historical facts |
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| To: dvdw© who wrote (415) | 5/28/2004 2:34:52 PM | | From: dvdw© | | | | LOL this is too funny....but very Manly behavior.Real demand versus program steering....you be the judge....
SATCON TECHNOLOGY CORP - Nasdaq National Market: SATC
Time & Sales most recent next page
Rec. Time Action Price Volume
2:11:06 PM Trade 2.78 100
2:09:46 PM Trade 2.8 8500
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2:08:26 PM Bid 2.77 5300
2:08:12 PM Ask 2.78 100
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1:19:34 PM Ask 2.83 400 |
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| To: dvdw© who wrote (416) | 5/29/2004 6:24:02 PM | | From: dvdw© | | | | I've been watching the solar energy field for over 30 years; for the most part, the expression "The more things change, the more they stay the same"....has applied.
Take a look at the photo at this link....
solarintegrated.com
What you will see is a revolutionary way of installing solar cells....notice the white shirts....and the huge roll about to be laid down along side all the others already installed! Things have changed...SATC makes the inverters for these new systems.....those are what connect the cell production deployed on a roof to your electricity infrastructure.
My My there are sooooo many big flat roofs just waiting to be paved. ....life is being breathed into this field.....its taken a long time..... |
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| To: dvdw© who wrote (417) | 6/22/2004 8:24:50 PM | | From: dvdw© | | | | Between May 18th PR and today 6-22, SATC has had two Sales oriented Press Releases and one PR stating they were preparing a shelf registration for Private Placement.
Between that time SATC hit a high of 3.09 and a low as of today at 2.11. Give or take a few pennies I see SATC lost near 30% of its value while publicly producing 5.5 million in New Sales Backlog and placing themselves in a position to raise 15 to 30 million dollars on the Shelf as needed.
You do the math; and once done take a look at the trading volume over the period under scrutiny. AMAZING.
finance.yahoo.com
Watch out for the HAND of Man folks...it's as slippery as the best pick pocket, despite the 1000 dollar suit. |
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| To: dvdw© who wrote (415) | 6/22/2004 8:30:20 PM | | From: dvdw© | | | | Oh My Unisolar booked another Large order....thats another 150K to SATC....re read the post this is a reply too.
Unisolar looking for Chinese manuf partner
biz.yahoo.com
United Solar Ovonic LLC (Uni-Solar Ovonic), a wholly owned subsidiary of Energy Conversion Devices, Inc. (ECD) (Nasdaq: ENER - News), today announced the signing of a new contract to provide a 300kW solar photovoltaic (PV) system for the Beijing New Capital Museum.
....... |
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| To: dvdw© who wrote (419) | 6/23/2004 9:02:43 AM | | From: dvdw© | | | | OH MY Company updates Bookings Guidance says they will shoot for second half profitability the announcement says
SatCon's Power Systems Division Books $2,850,000 in Orders over the Last Four Weeks. This revised guidance against my post on PR's clarifies the facts that in the first press release where 3.5 million is reported as new bookings...the PR says some of the 3.5 million booked goes back to Febr. Someone must have called the company and Asked for an Update to reconcile my post....glad to see that the company responded in a timely manner!
CAMBRIDGE, Mass., Jun 23, 2004 (BUSINESS WIRE) -- SatCon Technology
Corporation(R) (Nasdaq NM: SATC), a manufacturer of electronic power control
systems, announced today that its Power Systems Division has received $2,850,000
in new orders over the last four weeks. "We're beginning to realize the benefits
of our expanded product lines, strategic relationships and improved economic
conditions," said David Eisenhaure, SatCon president and chief executive
Officer. "Of the $2,850,000, $1,000,000 is for test and measurement systems,
$500,000 is for magnetics products, $400,000 is for power electronics for such
applications as alternative energy and $950,000 was for one of the plasma torch
orders announced last week."
Continued Eisenhaure, "On an annualized basis, this represents in excess of $35M
in bookings for a division that represents 50% of our business. We are pleased
to see this increase in our bookings while we continue to control costs. We
continue to have a goal to be EBITDA positive for the second half of the year
based on expected annual revenues of $35 to $39 million and we remain encouraged
about the potential for continued growth."
About SatCon Technology Corporation
SatCon Technology Corporation manufactures and sells power control systems for
critical military systems, alternative energy and high-reliability industrial
automation applications. Products include inverter electronics from 5 kilowatts
to 5 megawatts, power switches, and hybrid microcircuits for industrial,
medical, military and aerospace applications. SatCon also develops and builds
digital power electronics, high-efficiency machines and control systems for a
variety of defense applications with the strategy of transitioning those
technologies into multiyear production programs. For further information, please
visit the SatCon website at www.satcon.com.
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 "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. There can be no assurance that the company will continue to
maintain this level of new orders or that it can successfully deliver the
components and systems ordered. 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.
SOURCE: SatCon Technology Corporation(R) |
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| To: James Mortensen who started this subject | 6/29/2004 12:27:11 PM | | From: dvdw© | | | | SATC's Electronics Division provides sales updat;
SatCon Announces over $3.0 Million in New Electronics Division Contracts for the Second Consecutive Quarter
CAMBRIDGE, Mass., Jun 29, 2004 (BUSINESS WIRE) -- SatCon Electronics chosen as
a manufacturing partner for MicroE Systems
SatCon Technology Corporation(R) (Nasdaq NM: SATC), a manufacturer of electronic
power control systems, today announced that its Electronics division received
new contracts in excess of $3.3 million during this past quarter. Included in
this total were approximately $1.3 million of orders for system level assemblies
used in military satellite communications mobile base stations. These orders
combined with other orders for these sub-assemblies over the past 12 months
amounts to over $2.9 million of orders from a major military contractor. The
continuing commitment by these customers shows their acceptance of SatCon
Electronics as a key supplier of these RF (Radio Frequency) communications
systems. The balance of the orders include commercial electronic assemblies of
$0.5 million, F16 and other avionic/military components of $1.0 million, thin
film networks and other standard products of $0.5 million.
In addition, SatCon Electronics has been chosen as a manufacturing partner for
MicroE Systems, a leading provider of precision optical encoder products used in
high volume industrial and commercial equipment. MicroE Systems has placed
approximately $1.0 million of orders for their digital optical encoder with
SatCon during the last 12 months.
SatCon's state-of-the-art, highly integrated, electronics manufacturing facility
provides the high-precision assembly required for these critical optical
assemblies. A hybrid assembly is at the core of the electronics in MicroE's
optical digital encoder. This unique blend of capabilities also enables SatCon
Electronics to continue to support MicroE in expanding volume to meet their
customer needs.
"The combination of automation, extremely accurate component placement and our
clean room facilities, makes us the natural choice for this application," said
David Eisenhaure, president and CEO of SatCon Technology, the parent company of
SatCon Electronics.
"The SatCon Electronics team continues to work with its customers to exceed
customer expectations by consistently delivering on-time, high quality
electronic systems and assemblies," concluded Eisenhaure.
About MicroE Systems
MicroE Systems, a division of GSI Lumonics of Billerica, MA, designs and
manufactures precision optical encoders, interpolation electronics and software,
and closed loop positioning systems for the data storage, semiconductor, factory
automation, medical and industrial equipment markets globally. For a further
information about MicroE Systems, visit their website www.microesys.com.
About SatCon Technology Corporation
SatCon Technology Corporation manufactures and sells power control systems for
critical military systems, alternative energy and high-reliability industrial
automation applications. Products include inverter electronics from 5 kilowatts
to 5 megawatts, power switches, and hybrid microcircuits for industrial,
medical, military and aerospace applications. SatCon also develops and builds
digital power electronics, high-efficiency machines and control systems for a
variety of defense applications with the strategy of transitioning those
technologies into multiyear production programs. For further information, please
visit the SatCon website at www.satcon.com.
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 "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. There can be no assurance that the company will continue to
maintain this level of new orders or that it can successfully deliver the
components and systems ordered. 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.
SOURCE: atCon Technology Corporation |
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