http://finance.yahoo.com/q?s=satc BUSINESS SUMMARY Satcon Technology Corporation provides utility grade power solutions for the renewable and distributed energy markets worldwide. It offers products to convert renewable energy sources into electrical power to businesses and utility companies. The company operates in two segments, Renewable Energy Solutions and Applied Technology. The Renewable Energy Solutions segment produces and sells PowerGate Plus suite of photovoltaic and fuel cell power inverters; micro grid and smart grid solutions; and legacy power products, including static transfer switches, static voltage regulators, frequency converters, and alternate current arc furnace line controllers. The Applied Technology segment develops, designs, and builds power conversion electronics, power management, and distribution systems for various defense and commercial applications. This segment’s products are used in distributed power generation, energy storage and power quality, high performance electric machinery, transportation, and defense systems, including components for military hybrid-electric vehicles, ‘all-electric’ ships, and aircraft subsystems. The company also offers system design services and solutions for management, monitoring, and performance measurement to large-scale renewable energy plants. Satcon Technology Corporation sells its products and services through direct sales personnel, distributors, and sales agents. The company was founded in 1985 and is headquartered in Boston, Massachusetts.
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