المساعد الشخصي الرقمي

مشاهدة النسخة كاملة : Satc , Glw



ابو غازي
09-01-2002, Wed 4:43 PM
GLW
Buy
Entry Price: $10.15
Stop Price: $9.00
Target Price: $17.95

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SATC

CAMBRIDGE, Mass., Jan 9, 2001 (BUSINESS WIRE) SatCon Technology Corporation(R) (Nasdaq NM: SATC), a leader in power and energy management products, today announced it has selected Schwartz Communications, one of the nation's leading public relations agencies focused on hightech and medicaltechnology companies, as agency of record to lead its public relations efforts. Working with SatCon, Schwartz will develop and execute a comprehensive public relations campaign designed to promote widespread awareness of SatCon and its cuttingedge power and energy management products designed for the growing global need for clean, highquality and highreliability digital power.

"Schwartz is widely recognized as one of the leading public relations agencies for hightech and medicaltechnology companies, as evidenced by their impressive track record with such companies as Progress Software, CYTYC Corporation, Red Hat and Philips Medical Systems," said David Eisenhaure, president and CEO of SatCon. "Over the past several years, we have spent time and money on developing our new power conversion products, UPS and power quality systems, RF telecommunications products and advanced motor drives, and have initiated a broad and extensive marketing effort on these new power electronics and power quality products. Through our partnership with Schwartz, we will increase the visibility of SatCon's unique array of products and services in the fastgrowing market for digital power solutions. We anticipate that this increased visibility will bring us both increased sales and shareholder value."

"SatCon has developed an impressive line of revolutionary digital power and energy management products and we see SatCon as a company at the forefront of this new revolution in power," said David Close, executive vice president at Schwartz Communications. "In the same way the personal computer revolutionized the world of computation and communication, this new demand for digital power will revolutionize how electricity is generated, stored and used now and in the future. SatCon's innovative technologies are adapting the power grid to the demands of the 21st century. It's a great story and we look forward to telling it."

About Schwartz Communications, Inc.

Founded by the husbandwife team of Steve and Paula Mae Schwartz in 1990, Schwartz Communications, Inc., is the nation's second largest independent hightechnology and medical technology public relations agency, with calendar 2000 billings of more than $33 million, and offices in Waltham, Mass., and San Francisco. The agency currently represents such innovative companies as CheckFree, CYTYC Corporation, Embarcadero Technologies, MapInfo, PerkinElmer Life Sciences, Philips Medical Systems' Cardiac Resuscitation division (formerly Agilent Technologies), Red Hat, Inc., SmartForce, Vericept and Veritas Medicine. Additional information is available on the company's Web site at http://www.schwartzpr.com.

About SatCon Technology Corporation

SatCon Technology Corporation manufactures and sells power and energy management products for digital power markets. SatCon has three business units: SatCon Power Systems manufactures and sells power systems for distributed power generation, power quality and factory automation. SatCon Semiconductor Products manufactures and sells power chip components; power switches; RF devices; amplifiers; telecommunications electronics; and hybrid microcircuits for industrial, medical, and aerospace applications. SatCon Applied Technology develops advanced technology in digital power electronics, highefficiency machines and control systems with the strategy of transitioning those technologies into products. For further information, please visit the SatCon website at www.satcon.com.

Statements made in this document that are not historical facts or that apply prospectively are forwardlooking statements that involve risks and uncertainties. The important factors that could cause SatCon Technology Corporation's ("the company's") actual circumstances, or results, to differ materially from those implied by such forwardlooking statements include the ability to successfully implement a public relations program that has any effect on the company's revenues or shareholder value; developments in the company's business and industry; market conditions; the inability to gain customer acceptance of the company's products; or disruptions in general economic activity. Additional information concerning factors that could cause actual results to differ materially from those in the forwardlooking statements is contained from time to time in the company's filings including, but not limited to, its 10K and 10Q. Copies of those filings are available from the company and the Securities and Exchange Commission.

CONTACT: SatCon Technology Corporation(R) Michael Turmelle Chief Operating Officer 6176610540 or Schwartz Communications Nigel Smith 7816840770 SatCon@schwartzpr.com URL: http://www.businesswire.com Today's News On The Net Business Wire's full file on the Internet with Hyperlinks to your home page.

Copyright (C) 2002 Business Wire. All rights reserved.

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