US$2.5 Million Power Converter Order

March 18, 2003 [] SatCon Technology Corporation has been authorized to start work on its largest Fixed Frequency Power Converter order to date. The program will extend over approximately a 30-month period with a total value of the purchase order in excess of US$2.5 million. This project will support key mission critical aircraft systems within a major government program. The Fixed Frequency Power Converter products are mainly used in ground power applications for the aviation industry. The Power Conversion product line covers products such as power conditioning systems for fuel cells and photovoltaic applications, rectifier products used for hydrogen gas production for the hydrogen based economy and in the chemical electrolysis processes for the plastics, plating and chemical industries.