Satcon Announces International Supply Chain Expansion

Doubles Global Manufacturing Capacity and Partners with DB Schenker for Worldwide Logistics Services
Source: Satcon Technology Corporation
On Thursday June 18, 2009, 8:02 am EDT
BOSTON--(BUSINESS WIRE)--Satcon Technology Corporation (NASDAQ CM: SATC), a leading provider of utility scale distributed power solutions for the renewable energy market, today announced significant growth of its international manufacturing and supply chain operations. As part of this announcement, Satcon will expand global manufacturing capacity to over 600 megawatts in 2009 between its manufacturing facilities in Burlington, Ontario, Canada and Shenzhen, China, as well as partner with DB Schenker Logistics to provide global logistics and transportation services for all of Satcon's global supply chain needs.
“As demand for our industry leading commercial and utility scale solutions increases worldwide, we must construct an international supply chain capable of delivering the highest levels of service and support for our customers,” said Pete DeGraff, Satcon’s Vice President of Worldwide Sales and Marketing. “The combination of increasing our international manufacturing capacity and our partnership with Schenker will enable us to continue to deliver the industry’s most competitive product lead times, local spare parts inventories and global logistics capabilities and ensure the highest service levels for our customers over the entire lifecycle of their solar projects.”
Satcon will partner with the DB Schenker Solar division to deliver global transportation services for its inverter operations located in Burlington, Ontario, Canada; Shenzhen, China; and Fremont, California. Satcon will also utilize DB Schenker in North America, Europe, and Asia to provide logistics and distribution services including final delivery to Satcon's customer’s door through DB Schenker's extensive land transport network.
“As Satcon continues to expand its global operations and customer base, their supply chain capabilities become a core piece of maintaining the highest levels of service to their customers worldwide,” said John Tibshirany, Vice President Corporate Accounts Group at DB Schenker USA. “DB Schenker's integrated logistics, international and land transport services will provide Satcon with a complete global supply chain solution that will enable them to ensure the fastest product lead times, complete door to door transportation and distribution capabilities, and local inventories in order for them to provide their customers with world class service and support.”
Building on Satcon’s industry leading standard product lead times of 5-8 weeks across its entire product line, this partnership between Schenker and Satcon will provide Satcon customers with the highest levels of logistics performance and the industry’s most competitive distribution costs.
About Satcon
Satcon Technology Corporation is the leading provider of utility scale distributed power solutions for the renewable energy market, enabling the industry’s most advanced reliable and proven clean energy alternatives. For over 24 years, Satcon has designed and delivered the next generation of efficient energy systems for solar photovoltaic, stationary fuel cells, and energy storage systems. To learn more about Satcon, please visit www.Satcon.com.
About DB Schenker
DB Schenker is a global transportation company with 1500 offices in 120 countries with a specific division dedicated to solar equipment transportation and logistics. The company is known for the transportation of high-value capital equipment and tools into fabrication plants as well as the transport of the final finished equipment for a wide variety of solar companies. To learn more about DB Schenker, please visit www.dbschenker.com.
Safe Harbor
Statements made in this press release that are not historical facts or which apply prospectively are forward-looking statements that involve risks and uncertainties. These forward-looking statements are identified by the use of terms and phrases such as "will," "intends," "believes," "expects," "plans," "anticipates" and similar expressions. Investors should not rely on forward looking statements because they are subject to a variety of risks and uncertainties and other factors that could cause actual results to differ materially from the company's expectation. Additional information concerning risk factors is contained from time to time in the company's SEC filings, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2008 and in the company’s quarterly report on Form 10-Q for the fiscal quarter ended April 4, 2009 and other periodic reports filed with the SEC. Forward-looking statements contained in this press release speak only as of the date of this release. Subsequent events or circumstances occurring after such date may render these statements incomplete or out of date. The company expressly disclaims any obligation to update the information contained in this release.
Contact:
Satcon Technology CorporationAlida Bangs, 510-226-3812Media Relationsalida.bangs@Satcon.comorLeah Gibson, 617-897-2400Investor Relations Managerleah.gibson@Satcon.com