SatCon and Cummins South Enter Distributor Agreement for SatCon's Rotary UPS Systems
Thursday March 4, 10:03 am ET

CAMBRIDGE, Mass.--(BUSINESS WIRE)--March 4, 2004--SatCon Technology Corporation® (Nasdaq NM:SATC - News), a manufacturer of electronic power control systems, today announced that SatCon and Cummins South have entered into a Supplier Distributor agreement to promote the sale of SatCon's Rotary UPS (Uninterruptible Power Supply) to end users that have a critical power requirement for high-quality, "always-on" power. SatCon has already placed two systems, one at LeCroy University and another at Deluxe Film Processing in Toronto.
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Geoff Walker, Executive VP of Operations for Cummins South said, "With SatCon's Rotary UPS, we can now offer customers in our territory a high quality solution to their critical power needs. The SatCon Rotary system utilizes a Cummins engine driven stand-by generator, and is capable of providing a new level of dependable back-up power to factories, hospitals, water treatment plants, universities and any facility that requires an uninterruptible power source. We look forward to building a large base of users in our territory."

Dave Eisenhaure, SatCon's President and CEO said, "This is a major event for SatCon. This is the first marketing agreement for our Rotary UPS system with a major supplier of power generation equipment. Cummins South will provide us with a significant presence in a large market area. Our hope and our plan is to let this agreement serve as model for other Cummins distributors throughout North America."

SatCon's Rotary UPS performs the functions of both back up power and power quality conditioning. As a power quality conditioner and uninterruptible power source, it is designed to provide reliable, high quality power by constantly conditioning incoming power from the electric utility grid and acting as a substitute for the electric utility in the case of a power outage. As a back-up power source, when there is a power outage, the SatCon system instantaneously converts the energy stored in its flywheel to electricity, which powers the facility until the Cummins engine driven stand-by generator starts or the utility power returns.

Cummins South, one of 22 Cummins distributors in North America, delivers Cummins engine and power generation products and service support throughout Georgia, Southeast Tennessee and southern South Carolina. Headquartered in Atlanta, Cummins South has (7) service branches located in Atlanta, Albany, Augusta, Gainesville and Savannah, GA and Chattanooga, TN; and has a mobile service fleet that covers the entire territory. Consistently ranked as one of the top 100 privately held companies based in Atlanta, Cummins South has over 250 employees. Cummins South home page can be found at www.cumminssouth.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 sell any additional Rotary UPS systems or that it will be able to deliver these units in production quantities, if at all. 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.

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