Satcon Reports Third Quarter 2009 Results

SATCON TECHNOLOGY CORPORATION CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited)   Three Months Ended Nine Months Ended October 3,2009   September 27,2008 October 3,2009     September 27,2008 Revenue Product revenue $ 10,040,941 $ 17,215,392 $ 31,048,409 $ 36,947,201 Funded research and development and other revenue 1,637,668 1,301,362 4,682,466 6,292,490 Total revenue ...
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SatCon Technology Corporation Q3 2009 Earnings Call Transcript

SatCon Technology Corporation (SATC) Q3 2009 Earnings Call Transcript October 27, 2009 5:00 pm ET Executives Leah Gibson – IR Manager Steve Rhoades – President and CEO John Peacock – Corporate Controller Analysts Dale Pfau – Cantor Fitzgerald Adam Krop – Ardour Capital Investments Presentation Operator Good afternoon and welcome to SatCon's third quarter 2009 conference call. Today's call is being recorded. You may listen to the webcast on SatCon's website located at www.satcon.com. In addition, today's news release is posted on the site for those of you who did not receive it by e-mail. With us today are SatCon's President and Chief Executive Officer, Mr. Steven Rhoades; Investment Relations Manager, Ms. Leah Gibson; and Corporate Controller, Mr. John Peacock. At this time for opening remarks, I would like to turn the call over to Ms. Gibson. Please go ahead. Leah Gibson Thank you, Doug. The comments made on this conference call today may include forward-looking statements that involve a number of risks and uncertainties. For this purpose, any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements and may include the words believes, anticipates, plans, expects, intends and similar expressions which are intended to identify forward-looking statements. Important factors that could cause actual results to differ materially from those inferred by such forward-looking statements are set forth under the caption “Risk Factors” in SatCon's quarterly report on Form 10-Q for the year ended October 3rd, 2009. These factors are included there for reference. Once filed with the SEC, copies of the 10-Q will be a...
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SATCON TECHNOLOGY CORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Ex

Show all filings for SATCON TECHNOLOGY CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for SATCON TECHNOLOGY CORP 27-Oct-2009Results of Operations and Financial Condition, Financial Statements and Ex Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information pr...
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Q3 2009 SatCon Technology Corp. Earnings Release - After Market Close

Earnings Announcements for Monday, November 2CompanySymbolTimeConferenceCall1ST CONSTITUTION BANCORPFCCYBefore Market OpenAAONAAONBefore Market OpenABSOLUTE SOFTWARE CORPABT.TO4:00 pm ETAdministaffASFBefore Market OpenListenAlbany International CorpAINAfter Market CloseAlexander'sALXBefore Market OpenALLGREEN PROPERTIES LTDA16.SITime Not SuppliedALLIANCE DISTRS HLDG INCADTR.PKBefore Market OpenALTRA HOLDINGS INCAIMCAfter Market CloseAmerican Physicians Service GroupAMPHAfter Market CloseAMERIGO RESOURCES LTDARG.TOBefore Market OpenAnadarko Petroleum CorporationAPCAfter Market CloseListenAnglogold Ashanti LimitedAUTime Not SuppliedAPPLIED NANOTECH HOLDINGS INCAPNT.OBTime Not SuppliedArgo Group International Holdings, Ltd.AGIIAfter Market CloseListenArray BioPharma Inc.ARRYAfter Market CloseListenAss...
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Satcon Selected for 5 Megawatt CalRENEW-1 Solar Farm

FREMONT, Calif.--(BUSINESS WIRE)--Satcon Technology Corporation (NASDAQ CM: SATC), a leading provider of utility scale power solutions for the renewable energy market, today announced that it has been selected for the CalRENEW-1 installation, the first utility-scale photovoltaic solar farm to be approved by the California Public Utilities Commission under the state’s Renewable Portfolio Standard program. The 5 megawatt AC facility, located in Mendota, CA, will utilize five, one megawatt Prism solutions, Satcon’s fully integrated utility platform that comes complete with factory integrated medium voltage transformers, switchgear, and electronics. Introduced in June of 2009, Prism is the industry’s most advanced 1 megawatt solar PV power conversion solution, and is built on the market leading PowerGate 500 kW inverter line, which has been installed on over 170 megawatts of large scale solar power plants since 2005. Each 1 MW Prism solution is delivered complete in an all-climate outdoor enclosure and ready to connect to the PV array and utility grid, enabling rapid installation through a modular prepackaged design.CalRENEW-1 will be one of the most advanced photovoltaic solar facilities in the world. The 5 MW plant will generate zero emission electricity for sale to Pacific Gas & Electric under a long term power purchase agreement.“We are excited to be a part of the CalRENEW-1 project, which clearly demonstrates the increased role of large scale solar power production as an integral part of tomorrow’s energy network," said Steve Rhoades, President and Chief Executive Officer of Satcon Technology. “Our continued focus on developing the highest perform...
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Satcon to Present at Thomas Weisel Partners Alternative Energy & Natural Resources Conference on November 10

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Satcon Selected for Largest Urban Solar Power Plant in the U.S.

BOSTON--(BUSINESS WIRE)--Satcon Technology Corporation (NASDAQ CM: SATC), a leading provider of utility scale power solutions for the renewable energy market, today announced that it has been selected for the 10-megawatt Exelon City Solar photovoltaic (PV) power plant, the nation's largest urban solar power plant, which will be built at a former industrial site in the West Pullman neighborhood on Chicago's South Side. The site, owned and operated by Exelon Generation, was designed and is being constructed by SunPower Corp., a manufacturer of high-efficiency solar cells, solar panels and solar systems. The 41-acre solar facility will utilize Satcon Prism™, a fully customizable one megawatt medium voltage package complete with factory integrated step-up transformers, switchgear, and electronics. The Prism solutions will connect nearly 32,300 SunPower solar panels to the local utility and efficiently convert the sun's rays into enough clean, reliable electricity to meet the annual energy requirements of up to 1,500 homes per year.“The Exelon City Solar project demonstrates solar power’s integration as a stable and viable core contributor into one of the country’s largest energy markets,” said Howard Wenger, president, global business unit at SunPower. “This project is a clear example of the unique demands of large scale solar power generation, and required that we design a system that is comprised of the industry’s highest performing and most reliable components. Satcon’s experience and expertise in large scale solar made them the natural choice for us.”The Exelon City Solar plant will combine Satcon’s Prism solution, designed...
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Coverage initiated on SatCon Tech by Thomas Weisel

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SATCON TECHNOLOGY CORP Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Forward-Looking Statement You should read the following discussion and analysis in conjunction with our consolidated financial statements and notes in Item 1 of this report and with our audited consolidated financial statements and notes included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2008. In addition to the historical information contained in this report, this report contains or incorporates by reference forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934. You can identify these forward-looking statements by our use of the words "believes," "anticipates," "plans," "expects," "may," "will," "intends," "estimates," and similar expressions, whether in the negative or in the affirmative. Such forward-looking statements includes those related to expected revenue growth, our ability to continue to make interest and principal payments on our Notes in shares of our common stock, our ability to achieve our business plan, and our ability to reduce costs in the future. Although we believe that these forward-looking statements reasonably reflect our plans, intentions and expectations, these forward-looking statements involve risks and uncertainties that could cause actual results to differ materially. We caution that these statements are qualified by various factors that may affect future results, including the following: business conditions within the distributed power, power quality, aerospace, transportation, industrial, utility, telecommunications, silicon wafer manufacturing, factory automation, aircraft and automotive industries and the world economies as a whole; technology developments and contract research and development for both the government and commercial sector...
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