| From: dvdw© | 12/2/2004 9:56:40 AM | | | | | | LARGE NAKED SHORT Position here; is designed to Obfuscate and rinse shareholders....its a program long in the tooth and wholly lacking truth...fits the definition of Price as an Artifact of prevailing systems intent...
Maybe 05 will be better....
hey shortie...get dressed your embarrassing all of us who believed the market was something more than your private playpen. |
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| To: sage_of_saga who wrote (424) | 8/9/2005 1:00:40 PM | | From: Jim Oravetz | | | | OT: Beacon Power Corp. (BCON)
Capstone Up 22%; Investors Cheered By Energy Bill
DOW JONES NEWSWIRES August 8, 2005 2:24 p.m.
By Tim Paradis Of DOW JONES NEWSWIRES
NEW YORK (Dow Jones)--Shares of Capstone Turbine Corp. (CPST) jumped as much as 30% Monday, moving well above a 52-week high set Friday, as investors appeared cheered by the company's prospects under a new federal energy bill and a recent tie-up with KeySpan Corp. (KSE).
The company, whose microturbines are smaller versions of turbines used by utilities and designed for generating energy in commercial settings, has seen its share price more than triple since early June.
Walter Nasdeo, an analyst at Ardour Capital Partners LLC, said that while he believes investors have reason to be pleased by a "rash of positive announcements" from the Chatsworth, Calif., company within the past six months, he said a cautionary stance is prudent ahead of the company's planned release of fiscal first-quarter results on Wednesday.
Nasdeo, who in a note last week raised his price target on the stock to $3 from $2.10, said he nevertheless believes that the period will prove "pretty strong."
"Obviously, we have to apply analytical rigor here. We have to have more than an emotional response," he said, referring to an investors' desire to ferret out those companies that might see a windfall from the energy bill, which President Bush was expected to sign Monday. The bill provides a 10% tax incentive for businesses to buy and conserve energy with microturbine generators, the company noted in a statement Monday.
As a result of the legislation, customers will be able to more quickly recoup their investment, the company said. In California, Capstone estimates, customers could now get a return on their investment in as few as two years, rather than three before the existence of energy bill's incentives. In New York, the time would be reduced by 8 months to 28 months, the company said. Capstone's microturbines work using a variety of fuels, ranging from natural gas to kerosene to methane, which comes from landfills, among other sources.
"This is a stock that was under a dollar six weeks ago. The energy bill has been certainly a spotlight around in the alternative energy space," Nasdeo said. He contends that some investors might have been drawn to the fact that the company's products are already being sold - it has shipped more than 3,000 microturbines world-wide - and are relatively easy to understand as compared to some less traditional technologies such as hydrogen fuel cells and solar power systems.
A Capstone spokeswoman said the company didn't attribute the stock's sharp increase Monday to anything in particular other than overall investor enthusiasm for a spate of recent announcements from the company, which have concerned its efforts to make it easier for potential customers in New York City to install the company's microturbines and the agreement with KeySpan.
Under the cogeneration deal with KeySpan, announced July 25, the Brooklyn, N.Y., utility will endorse the use of Capstone microturbines for some commercial customers as a way to keep peak-hour demand from overwhelming KeySpan's capacity. The company, which operates in New York City and nearby Long Island, will be forced along with other power providers to comply with grid-reliability standards laid out in the energy bill. Reducing demand from certain heavy users likely would prove cheaper for KeySpan than spending to boost its capacity, Nasdeo said.
Nasdeo, who doesn't own Capstone shares and whose firm doesn't do business with the company, expects Capstone to report a loss of about $9 million on revenue of about $6.4 million. Capstone has yet to turn a profit, reporting a loss of $39.4 million for the year ended March 31.
Capstone has "put some of its ducks in a row and is starting to move some products out the door," Nasdeo said.
The stock recently changed hands at $3.25, up 59 cents, or 22%, surpassing the 52-week high of $2.78 logged Friday. The shares hit a 52-week low of 89 cents on June 9. Volume was recently 5.5 million shares, compared with average daily volume of 1.13 million shares.
Also Monday, Beacon Power Corp. (BCON), a Woburn, Mass., maker of technology aimed at preventing power disruptions in electrical grids, likewise saw its shares top a 52-week high set Friday. The stock recently changed hands at $3, up 67 cents, or 29%. The shares' previous 52-week high was $2.35 and its low of 25 cents was Aug. 6 last year. Volume recently surged to 21.9 million shares; average volume is 1.52 million shares. |
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| To: Jim Oravetz who wrote (425) | 8/16/2005 12:55:54 PM | | From: Jim Oravetz | | | | SatCon Tech 3Q Losses 7c/Shr Vs 3c
DOW JONES NEWSWIRES
August 16, 2005 11:44 a.m.
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BOSTON (Dow Jones)--SatCon Technology Corp.'s (SATC) fiscal third-quarter loss widened on higher manufacturing costs ahead of a planned production increase at its power systems unit.
In a press release Tuesday, the maker of electronics and motors also said it sold 4.7 million common shares and 1.2 million stock-purchase warrants for $5.8 million, less fees, to expand its marketing efforts in the alternative-energy, hybrid-vehicle and grid-support markets.
Following the news, shares of SatCon were down 14.1%, or 23 cents, to $1.40 in recent trading.
For the quarter ended July 2, SatCon posted a loss of $2.27 million, or 7 cents a share, compared with a loss of $795,109, or 3 cents a share, a year earlier.
Revenue fell slightly to $8.16 million from $8.61 million.
SatCon has about 33.4 million shares outstanding and a market capitalization of $54.4 million, based on Monday's closing price of $1.63.
SatCon Technology Corp. - Boston
3rd Quar July 2:
2005 2004
Revenue $8,157,768,000 $8,612,028,000
Net income (2,273,901) (795,109)
Avg shrs (diluted) 33,364,094 28,078,113
Shr earns
Net income (.07) (.03)
Figures in parentheses are losses.
Company Web site: satcon.com |
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| From: VikingWarrior | 9/1/2005 7:24:49 PM | | | | | | Here is an interesting set of press releases from 2003 and earlier for your reference. Watch that R&D start showing up now!http://www.satcon.com/news-archives.html
Dave |
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| To: Jim Oravetz who wrote (426) | 3/23/2006 12:51:42 PM | | From: Jim Oravetz | | | | SatCon Receives a Follow-on Order For a Second Rotary Uninterruptible Power Supply from NIST
March 22, 2006 8:00 a.m.
BOSTON--(BUSINESS WIRE)--March 22, 2006--
SatCon Technology Corporation(R) (Nasdaq NM: SATC) a leading developer and manufacturer of power electronics and power quality products, today announced that it has received a follow-on purchase order for a second 2200 kVA Rotary Uninterruptible Power Supply (RUPS) on a government contract valued in excess of $1.1 million.
Baldwin Technologies, Inc. of College Park, Maryland, served as the engineering and manufacturer's representative for this sale and the final customer is the National Institute of Standards and Technology (NIST) in Boulder, Colorado. The contract was awarded on GSA Federal Supply Schedule (GSO7F0718N) through Baldwin Technologies, Inc. as a turnkey solution including design, delivery and installation.
SatCon's StarSine(TM) Rotary UPS is designed to provide both high quality electrical power during normal operation, as well as prevent any interruption of electricity to critical manufacturing processes, telecommunication centers, data centers, and healthcare facilities in the event of power grid failures such as black-outs and brown-outs. The RUPS is connected directly to SatCon's patented flywheel for short duration power disturbances and is integrated with a diesel engine to provide a seamless transfer to provide long-term power in the case of an extended outage. |
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| To: Jim Oravetz who wrote (428) | 3/23/2006 12:52:58 PM | | From: Jim Oravetz | | | | SatCon Announces Order for HEV Components From Azure Dynamics
March 21, 2006 8:00 a.m.
BOSTON--(BUSINESS WIRE)--March 21, 2006--
SatCon Technology Corporation (NASDAQ NM: SATC), a developer and manufacturer of power electronics and motors for alternative energy markets, today announced that it has been issued a purchase order from Azure Dynamics Corporation for the production of 50 systems for use on hybrid electric vehicles, in a delivery fleet application.
The products to be shipped include a brushless DC motor (rated at 250 - 350 VDC input, 3 Hp), motor controller, and a DC/DC power converter (rated to 120 Amps continuous) which lowers the DC bus voltage from 350 VDC (nominal) to 12 - 14 VDC to power conventional automotive electrical components and systems.
SatCon designs and manufactures a range of high voltage electrical components, subsystems, and systems for power steering applications, fans, pumps, vehicle drives, and alternative power generation sources (dual output alternator, in-line power generator, and similar devices) for electric and hybrid electric vehicle platforms.
"We are pleased to have been selected by Azure Dynamics for this particular project," said Millard Firebaugh, President and Chief Operating Officer. "Azure Dynamics has done an excellent job identifying early adopting markets for alternative electric and hybrid electric technologies. Our technologies and products are a great fit for their particular applications and we look forward to continuing to be an important supplier to Azure Dynamics."
SatCon is actively involved in addressing the technical challenges facing the US automotive industry through its Hybrid Electric Vehicle (HEV) initiatives. The company has a strong HEV track record having provided solutions for both hybrid and electric vehicles for nearly 15 years. In 1992, SatCon entered the vehicle technology business with a 'ground-breaking' development of the power train system for the 750HP Chrysler Patriot -- Formula One racecar. SatCon was recognized for providing 'best-in-class' power density technology for power conversion electronics, turbo-alternators, traction motors, and energy storage flywheels. In late 1999, SatCon acquired the Westinghouse/Northrop Grumman Electric Vehicle division; an established production manufacturer of hundreds of Chrysler EPIC minivan electric drive train systems and complete electric and hybrid electric conversions for truck and bus applications providing the company with solutions for affordable traction drive systems, DC/DC converters, and battery charging systems. Through SatCon's subsequent and continuing R&D contracts with the US Government Departments of Defense and Energy, the company has further advanced its solutions for high power density, high electrical efficiency, and low manufacturing cost potential for inverters, DC/DC converters, hybrid PM traction motors, integrated starter/generators, and generators. The company presently has active development contracts with the US Army for pulse chargers, battery chargers, generators, starter/generators, auxiliary power units, and associated drive electronics. |
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| To: Jim Oravetz who wrote (429) | 3/29/2006 12:57:59 PM | | From: Jim Oravetz | | | | SatCon Gets Subsystem Pact For Unmanned Army Vehicles
DOW JONES NEWSWIRES
March 28, 2006 10:36 a.m.
SatCon Technology Corp. (SATC) received a contract from BAE Systems PLC (BA.LN) to develop a starter generator for unmanned ground vehicles under the U.S. Army's Future Combat System.
Financial terms of the agreement weren't disclosed.
BAE Systems is a subcontractor to Lockheed Martin Corp.'s (LMT) Missiles and Fire Control unit, the prime contractor for the vehicles.
SatCon, a maker of energy management products, plans to deliver the units by May.
Shares of SatCon recently rose 4 cents, or 1.7%, to $2.43.
-Dorna Naseri; 201-938;5400; AskNewswires@dowjones.com |
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| To: Jim Oravetz who wrote (430) | 4/5/2006 12:52:26 PM | | From: Jim Oravetz | | | | SatCon Wins $1.1 Million Navy Contract for Integrated Motor Propulsor and Controller
BOSTON--(BUSINESS WIRE)--April 5, 2006--
SatCon Technology Corporation(R) (Nasdaq NM: SATC), a developer and manufacturer of power electronics and motors for the alternative energy markets, today announced that it has been awarded a Phase II SBIR 'cost-plus' contract for an integrated motor propulsor (IMP) with the Office of Naval Research (ONR). The total value of the contract is $1.1 Million and will be funded over the term of the project.
SatCon will design, fabricate, test, and deliver a complete integrated motor propulsor (IMP) system including motor, controller, and podded propulsor. An IMP enables propulsion for marine vehicles without any mechanical shaft couplings to a power generation source. Final unit delivery and testing at a Navy facility is scheduled for early 2008.
"SatCon is pleased to continue our strong relationship with the US Navy," stated SatCon's President and Chief Operating Officer, Millard Firebaugh. "Not only does this contract support our stated strategic initiative to expand our Navy business, but contributes to other product initiatives within SatCon, such as advanced micro-hydro power generation using rim-driven motors. The technology developed as a result of this effort will benefit our hybrid electric vehicle and aerospace offerings for higher power density, higher efficiency electric drive solutions."
This propulsor technology expands on machinery research and development conducted at SatCon on low weight permanent-magnet rim-motors for naval underwater propulsor applications, and high power density liquid cooled machinery for hybrid electric vehicle applications. The goal is to advance the state of the art to a power density exceeding 0.6 HP/lb for a complete 50 HP IMP system.
This effort supports the Navy's Future Naval Capabilities thrust towards all electric drives and unmanned systems. Podded propulsion systems promise to reduce overall ship system weight, reduce in-hull space claims, and improve overall power conversion efficiency. Furthermore, they enable higher power unmanned underwater vehicle (UUV) applications to increase range and endurance for improved mission effectiveness.
The award is another example of SatCon's expertise in electric power conversion systems for vehicle applications. Our permanent magnet machine technologies result in high-efficiency, low weight designs that have demonstrated steady improvement with each design generation. Our power electronics expertise in component packaging, system architecture, and software controls enables us to develop efficient and compact solutions for challenging applications within constrained space and environmental requirements. |
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| To: Jim Oravetz who wrote (431) | 10/18/2006 12:29:53 PM | | From: Jim Oravetz | | | | SatCon: Carroll To Replace Eisenhaure As Chairman
DOW JONES NEWSWIRES
October 18, 2006 12:23 p.m.
SatCon Technology Corp. (SATC) named John Carroll, an independent board member, as its chairman, replacing David Eisenhaure.
Eisenhaure will remain on the company's board and will keep his chief executive and president titles.
The maker of power and energy-management products will terminate Michael Turmelle's employment contract as president of SatCon Power Systems USA on Oct. 31 to further streamline operations and to reduce overhead costs.
Carroll is founder and chairman of Newgrange Co., a maker of plastics products. |
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