[September 08, 2008] QualityStocks: QualityStocks News Satcon Technology Corp. (SATC) Setting the Bar for Solar Technology, Participating in the Worlds Largest Rooftop Project - 9/4/08 Tweet (M2 PressWIRE Via Acquire Media NewsEdge) RDATE:05092008 www.QualityStocks.Net would like to highlight Satcon Technology Corp. (NASDAQ: SATC). The company designs and manufactures enabling technologies and products for electrical power conversion and control for applications in markets, such as alternative energy, hybrid electric vehicles, distributed power generation, power quality, semiconductor fabrication capital equipment, industrial motors and drives, and defense electronics. In the company's news yesterday, Satcon Technology Corp. announced it will make history by taking part in the world's largest rooftop solar photovoltaic power project, to be installed on top of the General Motors car manufacturing facility in Figueruelas, Zaragoz Spain. Designed and built by Clairvoyant Energy, Veolia Environment and the Government of Aragon, the 12-megawatt (MW) system will cover approximately 2 million square feet with a surface area of 183,000 square meters. The project will require the combined knowledge of the world's leading PV solutions providers. United Solar Ovonic's thin film flexible solar laminates and Satcon's PowerGate Plus 500kW inverters make up integral pieces of the project, which will generate electricity to be sold to Spain's power utility, Endesa. "The sheer scale of our Zaragoza project demanded that we closely evaluate each potential solution providers' ability to deliver the combination of high efficiency, quality and reliability in our challenging environment," John Abkemeier, president of Clairvoyant Energy stated in the press release. "We have assembled a team of best-of-breed solutions providers in order to deliver on our vision of reliable, efficient and clean energy production. Satcon has and will continue to play a central role in the success of this project." "The GM project clearly demonstrates the global trend toward larger, utility scale installations," said Steve Rhoades, Satcon's president and CEO. "As the largest rooftop system in the world, Zaragoza showcases the future of distributed power production. Satcon is honored to be a member of this world class team delivering on GM's goal of producing reliable and efficient energy." The PV system will be in operation this month, comprised of roughly 85,000 thin film solar panels that will be connected to Satcon PowerGate Plus inverters. Operating at its full capacity, the project will generate 10 MW of peak power output and 15.1 million KW hours of power annually. About QualityStocks QualityStocks, based in Scottsdale, Arizona is a free service that collects data from hundreds Small-Cap and Micro-Cap online Investment Newsletters into one Free Daily Newsletter Report. QualityStocks is dedicated to assisting emerging public companies with their advertising efforts and now has over 500,000+ subscribers that receive The Daily Stock Newsletters. To sign up for "The QualityStocks Daily Newsletter" please visit www.QualityStocks.net Please see disclaimer on QualityStocks website: http://Disclaimer.QualityStocks.net Forward-Looking Statement: This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements. CONTACT: Michael McCarthy, Managing Director, QualityStocks.net Tel: +1 480 308 0703 Fax: +1 480 467 0312 e-mail: [email protected] WWW: http://www.QualityStocks.net ((M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to [email protected])). Copyright ? 2008 M2 Communications Ltd. [ Back To TMCnet.com's Homepage ]