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Stock Profile
SatCon Technology Corporation engages in the development, manufacture, and marketing of electronics and motors for the alternative energy, hybrid-electric vehicles, grid support, electronics, defense and aerospace, and power technology markets worldwide. It operates in three segments: Power Systems, Electronics, and Applied Technology. The Power Systems segment manufactures and sells high power line of power control systems, including high power motors, magnetic levitation systems, industrial automation motors, rotary UPS systems, machine tool motors, inverters, shaker vibration test systems, and other power products. The Electronics segment provides a range of electronic assemblies, including hybrid microcircuits, DC converters, telecommunications electronics, thin film substrates, and radio frequency products. The Applied Technology segment develops, designs, and builds power conversion products, which include power electronics, machines, and control systems for a range of defense and commercial applications. The company markets its products primarily to defense, distributed power generation, power quality, transportation, semiconductor capital equipment, and wireless communications markets through direct sales force, and independent distributors and representatives. It has strategic relationship with General Atomics. SatCon was founded in 1985 and is headquartered in Boston, Massachusetts.