SatCon Technology Hires Thomson Financial Investor Relations

Business Wire, Jan 5, 2000

Business/Technology Editors

CAMBRIDGE, Mass.--(BUSINESS WIRE)--Jan. 5, 2000

SatCon Technology Corporation(R) (Nasdaq: SATC), a leader in power and energy management products, announced that it has retained Thomson Financial Investor Relations as its investor relations counsel. Mr. David Eisenhaure, President, CEO and Chairman of SatCon Technology Corporation said, "We are excited to announce our engagement of Thomson Financial Investor Relations as we seek to embark on a more pro-active dialogue with the investment community. We believe SatCon has an exciting story to tell and look forward to working with Thomson Financial to get the message across to a wider audience."

Thomson Financial Investor Relations is the world's leading provider of information and investor relations consulting services that assist public corporations worldwide in identifying, analyzing and communicating with their shareholders. With offices from New York to Hong Kong to London to Tokyo, Thomson Financial Investor Relations serves public corporations globally through premier services such as First Call and IR Universe. Thomson Financial is part of The Thomson Corporation, one of the world's leading information companies with holdings in specialized information and newspaper publishing including the Thompson Investors Network on the Internet.

SatCon Technology Corporation manufactures and sells power and energy management products for telecommunications, silicon wafer manufacturing, factory automation, aircraft, satellites and automotive applications. SatCon has six operating divisions: Film Microelectronics, Inc. designs and manufactures microelectronic circuits and interconnect products; Magmotor manufactures motors and magnetic suspension systems; Ling Electronics manufactures test equipment, power products, amplifiers and controllers; Beacon Power manufactures flywheel energy storage devices; SatCon Electronic Power Products manufactures power converters for microturbines; and the Technology Center is responsible for new technology and product development.

Statements made in this document that are not historical facts or which apply prospectively are forward-looking statements that involve risks and uncertainties. It is important to note that the Company's actual circumstances could differ materially from those implied by such forward-looking statements. 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 SEC.