SatCon Pulls Follow-on Offering

    CAMBRIDGE, Mass.--April 25, 2001--SatCon Technology Corporation(R) today announced that it would not proceed with a proposed follow-on public stock offering at this time, in light of recent market volatility and current market conditions. The company filed an amendment to the registration statement it initially filed with the Securities and Exchange Commission on October 30, 2000, converting the filing to a shelf registration statement.
    SatCon Technology Corporation, a leader in power and energy management products, manufactures and sells products for distributed power, telecommunications, silicon wafer manufacturing, factory automation, aircraft, satellites, and automotive applications. SatCon's products include power conversion systems for distributed power; standard and custom microelectronic circuits and interconnect products; standard and custom high-performance motors and magnetic suspension systems; shaker vibration test equipment, power converters, amplifiers and controllers. For further information, please visit the SatCon website at www.satcon.com.