![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
Satcon Technology Corp. (SATC) Lands Major Samsung Contract
QualityStocks (November 19th, 2008) Writes:
Satcon Technology Corporation, provider of renewable energy power conversion solutions, today announced a three-year agreement with Samsung to supply the power inverters for Samsung’s worldwide solar power plant projects. Under the agreement, Samsung will use Satcon PowerGateTM Plus inverters, and will also have the exclusive right to market and sell Satcon solutions in the rapidly growing Korean renewable energy market. Samsung will also provide maintenance and warranty services for Satcon in Korea.
Samsung America President, K.D. Kim, said, “We have worked closely with Satcon on several utility scale solar projects, and we believe they provide the best quality and most reliable power conditioning solutions on the market.”
Satcon’s President and CEO, Steve Rhoades, commented on what the agreement means for the future. “Together, the companies are committed to delivering the industry’s most efficient and reliable renewable energy production. Satcon looks forward to significant growth as a result of this partnership.”
Satcon
...clean energy sources;, Department of Defense, Department of Energy, electric machinery;, electronic material applications;, energy storage markets;, fuel cell, hybrid electric vehicle ;, hybrid electric vehicle technology;, K.D. Kim;, Korea, National Aeronautics and Space Administration, power conditioning solutions;, power control systems;, power conversion electronics;, power inverters;, power solutions, Renewable Energy Market, renewable energy power conversion solutions;, renewable energy production, Samsung, Samsung America;, Satcon Technology Corp., Small & Micro Cap, Steve Rhoades, warranty services
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.