SatCon Electronics Receives Certified Supplier Status at Raytheon

    CAMBRIDGE, Mass.--May 2, 2002--SatCon Technology Corporation(R) , a leader in critical powering solutions, today announced that Raytheon RF Components, at its annual key supplier appreciation day, granted SatCon Electronics its prestigious Certified Supplier Status. This award, which was granted to only five suppliers this year, signifies outstanding quality, dedication and customer service.
    "This award recognizes our continued commitment to Raytheon as a key supplier," said David Eisenhaure, SatCon's president and chief executive officer. "Our Electronics Division in Marlborough, which is the combination of our FMI and HyComp products divisions has worked diligently to achieve this status through a combination of management commitment to rigorous process control, a self assessment audit, the creation and implementation of a statistical process control plan and enhanced inspection for Raytheon. We believe that our effort on behalf of Raytheon makes us a better key supplier to all of our valued customers."

    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, high-efficiency 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 forward-looking 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 forward-looking statements include the ability to maintain the certified status, the ability to gain receive any orders for electronics products from Raytheon, developments in the company's business and industry, market conditions and the inability to gain customer acceptance of the company's products, particularly within the digital power marketplace. Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained from time to time in the company's filings including, but not limited to, the 10-K and 10-Q. Copies of those filings are available from the company and the Securities and Exchange Commission.