SatCon Technology Corporation (Nasdaq NM: SATC) has received a purchase order, valued in excess of $5 million, issued through Fluor Canada Ltd., acting as representative for a client. Fluor Canada Ltd. is a consultant in industrial and power distribution applications.
The order is for over 30 MW of Inverpower(TM) DC power electronics for use in a copper refining process. This order is not included in third quarter orders on hand reported earlier today as final terms and conditions are expected to be finalized within the fourth quarter. Fulfillment of the order is scheduled over the next year.
“SatCon, through its wholly-owned Canadian subsidiary, was the first company in the world to supply high power DC power electronics using IGBT power transistor technology. DC power distribution based on power transistor technology is recognized for its high efficiency and power quality, and is also a key feature in our alternative energy inverter products,” said Clemens van Zeyl, President of SatCon Stationary Power Systems. “To-date, SatCon has supplied over 450 MW of DC power distribution equipment utilizing IGBT technology, more than any other company in the world.”
“We are pleased to be working with world leaders like Fluor Canada Ltd. to supply high quality, reliable DC power for copper refining,” said David Eisenhaure, CEO and Chairman of SatCon Technology Corporation. “This order underscores the ‘utility-grade’ quality of our DC power electronics and is indicative of the high-quality platform for our alternative energy initiatives.”
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