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SatCon Announces More than $3 Million in New Electronics Division Contracts for Second Consecutive Quarter
July 1, 2004 |Estimated reading time: 1 minute
Cambridge, Mass. — SatCon Technology Corp. announces that its Electronics division received new contracts in excess of $3.3 million during this past quarter.
Included in this total were approximately $1.3 million of orders for system-level assemblies used in military satellite communications mobile base stations. These orders, combined with other orders for these subassemblies over the past 12 months amounts to more than $2.9 million of orders from a major military contractor. The continuing commitment by these customers shows their acceptance of SatCon Electronics as a key supplier of these RF (radio frequency) communications systems. The balance of the orders include commercial electronic assemblies of $500,000, F16 and other avionic/military components of $1 million, and thin film networks and other standard products of $500,000.
In addition, SatCon Electronics has been chosen as a manufacturing partner for MicroE Systems, a leading provider of precision optical encoder products used in high volume industrial and commercial equipment. MicroE Systems has placed approximately $1 million of orders for their digital optical encoder with SatCon during the last 12 months. SatCon's state-of-the-art, highly integrated electronics manufacturing facility provides the high-precision assembly required for these critical optical assemblies. A hybrid assembly is at the core of the electronics in MicroE's optical digital encoder. This unique blend of capabilities also enables SatCon Electronics to continue to support MicroE in expanding volume to meet their customer needs.
MicroE Systems, a division of GSI Lumonics of Billerica, Mass., designs and manufactures precision optical encoders, interpolation electronics and software, and closed loop positioning systems for the data storage, semiconductor, factory automation, medical and industrial equipment markets globally. For more information, visit www.microesys.com.
SatCon Technology Corp. manufactures and sells power control systems for critical military systems, alternative energy and high-reliability industrial automation applications. For more information, visit www.satcon.com.