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SatCon Selected by General Atomics for Controller Design Task on Superconducting DC Homopolar Motor Program

Boston, MA, Nov. 22: SatCon Technology Corporation(R) (NASDAQ:SATC), a developer and manufacturer of power electronics for various markets, today announced that its SatCon Applied Technology division has been awarded a contract with General Atomics (GA) to join the GA team that will develop a new modular 40 megawatt power converter that will power and control a full-scale superconducting DC Homopolar Motor (HPM). The Homopolar Motor program is being developed under the Office of Naval Research (ONR). The Homopolar Motor propulsion system will provide benefits of higher efficiencies, smaller size, and weight savings for a broad range of military and commercial vessels.

SatCon's President and Chief Operating Officer, Millard Firebaugh, stated, "SatCon is pleased to be participating in the Navy's advanced propulsion and power distribution programs. This contract supports one of our stated strategic initiatives to grow our Navy business area. The HPM program enables SatCon to develop propulsion power technology for the military that we believe could represent the future of propulsion and power distribution technology for ships and other commercial platforms."

The award expands on SatCon's portfolio of power electronics applications with the development of an integrated modular converter design. This technology has direct applicability to both military and civilian propulsion systems and represents a major step forward in technology for "all electric" ship applications.

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