Press Release

SatCon Wins NASA Contract for a Superconducting Motor for Electric Aircraft

By SpaceRef Editor
February 7, 2006
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SatCon Technology Corporation®, a developer and manufacturer of power electronics and motors for the alternative energy markets, today announced that it has been awarded a Phase I SBIR contract with NASA’s John H. Glenn Research Center for development work on a superconducting machine for future hybrid and all-electric aircraft.

SatCon’s Applied Technology division is developing a new technology superconducting machine with the goals of improved efficiency, reduced size, and reduced cost over competing superconducting machinery technologies. SatCon is pursuing a novel design approach that uses modified-Commercial-Off-The-Shelf (COTS) cryo-cooler technology and conventional drive technology. The initial design is targeted as a propulsion motor for unmanned all electric aircraft, but the technology is also suitable for hybrid electric aircraft as a main superconducting generator. Furthermore, this solution can be considered for future marine applications as generators or propulsion motors. SatCon will collaborate with cryogenics systems experts at the Massachusetts Institute of Technology to de-risk and develop the superconducting propulsion motor. For Phase II, SatCon will seek to collaborate with an aircraft manufacturer to develop a design prototype targeted for a specific aircraft application.

“This award is further evidence of SatCon’s commitment to the alternative energy markets and our breadth of technical expertise in advanced power solutions,” stated SatCon’s President & Chief Operating Officer, Millard Firebaugh. “Hybrid and all-electric aircraft, represent a path towards reduced dependence on foreign oil imports and a sustainable future for the aerospace industry, and SatCon is developing the enabling electric power conversion technology to lead us there.”

About SatCon Technology Corporation

SatCon Technology Corporation is a developer and manufacturer of electronics and motors for the Alternative 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.

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. 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.

SpaceRef staff editor.