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

Trading on the NASDAQ Global Market, Power-One Inc. is a leading designer and manufacturer of power conversion products. Founded in 1973, they are also a provider of power management solutions. Headquartered in Camarillo, California, the Company has approximately 4,000 employees and is part of the Diversified Electronics industry.

Power-One provides their solutions for alternative/renewable energy, routers, data storage and servers, wireless communications, optical networking, medical diagnostics, railway controls, custom applications, and automated/semiconductor test equipment. The Company offers their clients a wide variety of energy saving “green” products. Their products save energy by providing more useable output power and by generating less waste heat. This in turn saves energy by reducing host-system and facility-level cooling requirements.

Power-One’s product portfolio includes alternative-energy inverters that facilitate taking in clean power from the sun and wind. They also include AC-DC products that refine AC electricity into DC lower voltages, and DC-DC converters that convert DC

Trading on the NASDAQ Global Market, Power-One Inc. is a leading designer and manufacturer of power conversion products. Founded in 1973, they are also a provider of power management solutions. Headquartered in Camarillo, California, the Company has approximately 4,000 employees and is part of the Diversified Electronics industry.

Power-One provides their solutions for alternative/renewable energy, routers, data storage and servers, wireless communications, optical networking, medical diagnostics, railway controls, custom applications, and automated/semiconductor test equipment. The Company offers their clients a wide variety of energy saving “green” products. Their products save energy by providing more useable output power and by generating less waste heat. This in turn saves energy by reducing host-system and facility-level cooling requirements.

Power-One’s product portfolio includes alternative-energy inverters that facilitate taking in clean power from the sun and wind. They also include AC-DC products that refine AC electricity into DC lower voltages, and DC-DC converters that convert DC

For more than 22 years, Satcon Technology Corp. (Nasdaq: SATC) has provided utility-scale distributed power solutions for the booming, evolving renewable energy market. The company’s efficient energy systems are applicable to solar photovoltaic (PV), stationary fuel cells, wind turbines and energy storage systems.

The company today announced its power solutions have earned it a 2.36-megawatt solar power project from the American Capital Energy of North Chelmsford, Mass., a full service solar energy project integration and installation company for large commercial enterprises. The project will be the largest single roof-mounted solar array in the United States.

American Capital Energy connects Satcon with the Atlantic City Convention & Visitors Authority (ACCVA) to create a solar project utilizing 13,321 rooftop-mounted panels on top of the Atlantic City Convention Center (ACCC). The project will be developed through a 20-year agreement with Pepco Energy Services, a subsidiary of Pepco Holdings Inc.

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Based in North Carolina, Superlattice Power, Inc. researches and develops high-capacity, high energy-density superlattice structures which are used as cathode materials in producing vehicle-grade lithium ion battery cells.

Many people are beginning to notice the allure of owning an electric vehicle, and companies like Superlattice Power, as well as its industry partner Hybrid Technologies, are turning a longtime dream into reality. With the development of new, high-grade cathode and anode materials designed by Superlattice, battery life has been extended significantly, leading to an extension in the driving range of lithium ion cars.

The layered (or, latticed) material is comprised of perfectly structured sub-microscopic crystals to allow for unbelievably efficient ion diffusion. This means that a Superlattice Power battery can be charged and discharged far more rapidly than traditional devices. Surajit Sengupta, Superlattice research director, stated, “Our objective is to create the next generation lithium

Satcon Technology Corporation (NASDAQ: SATC), a leading provider of utility scale distributed power solutions for the renewable energy market, recently announced its financial results for the second quarter ending June 30, 2008. The company’s shares declined earlier this week after the announcement of a net loss of $8 million, or $0.18 per share, compared with a net loss of $3.7 million, or $0.09 per share, for the second quarter of 2007. Analysts estimated a new loss of $0.07 per share for the second quarter of 2008.

During the second quarter, revenue increased 45 percent to $16.9 million, up from $11.7 million in the second quarter one-year earlier. According to Steve Rhoades, the president and chief executive officer of Satcon Technology Corporation, the company posted a net loss for the quarter due to a number of factors, including the restructuring of operations. Despite the loss for the quarter, cash used