SatCon Technology Corporation® (Nasdaq GM: SATC), a developer and manufacturer of power electronics and motors for alternative energy markets, has received approval from Nasdaq to transfer its listing from The Nasdaq Global Market to The Nasdaq Capital Market.
Its common stock will begin trading on The Nasdaq Capital Market at the opening of business on October 25, 2006. As a result of this action, the scheduled hearing before a Nasdaq Listing Qualifications Panel will no longer be required.
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