SatCon Technology to Report Results for Fiscal 2001 Second Quarter On May 1

    CAMBRIDGE, Mass.--April 27, 2001--SatCon Technology Corporation(R) , a leader in power and energy management products, said that on Tuesday, May 1, 2001, the company will release results for its fiscal 2001 second quarter ended March 31, 2001.
    The company also said that David B. Eisenhaure, president and chief executive officer, Michael C. Turmelle, chief operating officer, and Sean Moran, chief financial officer, will host an investor conference call that same day at 10:00 a.m. Eastern Time to review the company's financial results and operations.
    The call will be open to all interested investors through a live audio Web broadcast accessible at the SatCon Technology Corporation corporate Web site, http://www.satcon.com, and at http://www.streetevents.com.
    For those unable to listen to the live broadcast, the call will be archived on the above mentioned sites. A telephonic playback of the conference call will also be available through 11:00 p.m., Eastern Time, Wednesday, May 2, 2001. Listeners should call 320-365-3844, domestic and international, and use reservation number 583966.

    About SatCon Technology Corporation

    SatCon Technology Corporation manufactures and sells power and energy management products for distributed power generation, telecommunications, silicon wafer manufacturing, factory automation, aircraft, satellites and automotive applications. SatCon has three operating segments that contain six divisions. Under the Electronics Products segment, Advanced Fuel Cell Power Products manufactures and sells power conversion products for fuel cell and other power generation systems and Film Microelectronics Inc. designs and manufactures standard and custom microelectronic circuits and interconnect products. Under the Motion Control Products segment, Magmotor manufactures standard and custom high-performance motors and magnetic suspension systems and Ling Electronics manufactures shaker vibration test equipment, power converters, amplifiers and controllers. Under the Funded Research and Development segment, SatCon Electronic Power Products performs contract product development for power electronics including hybrid and electric drivetrains, and the Technology Center is responsible for new technology and product development. Our affiliate, Beacon Power Corporation, is developing flywheel energy storage systems for uninterruptible power and power quality management. For further information, visit the SatCon Web site at http://www.satcon.com.