Key Developments: Satcon Technology Corp (SATCQ.PK)

SATCQ.PK on OTC Markets Group

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Latest Key Developments (Source: Significant Developments)

Satcon Technology Corp Announces Chapter 11 Bankruptcy Filing
Wednesday, 17 Oct 2012 08:00am EDT 

Satcon Technology Corp announced that the Company and its subsidiaries have filed voluntary petitions under Chapter 11 of the United States Bankruptcy Code. The petitions were filed in the U.S. Bankruptcy Court for the District of Delaware.  Full Article

SatCon Technology Corporation Issues Q3 2012 Revenue Guidance Below Analysts' Estimates
Wednesday, 8 Aug 2012 04:05pm EDT 

SatCon Technology Corporation announced that for third quarter of 2012, it expects revenue to be between $25-$30 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $36 million for third quarter of 2012.  Full Article

SatCon Technology Corporation Secures Contract
Tuesday, 10 Jul 2012 08:30am EDT 

SatCon Technology Corporation announced that it has been selected to supply 51 megawatts (MW) of its Equinox™ Prism Platform solution, a fully integrated multi-megawatt medium voltage (MV) building block, along with 1.5 MW of its next generation Equinox inverter systems. The Southern California installation will be interconnected to the San Diego Gas & Electric (SDGE) grid as a Qualified Facility for a Large Generator Interconnection Agreement (LGIA) under California Independent System Operator Corporation (CAISO) jurisdiction and will be one of the largest solar power plants in the state. All Satcon solutions include EDGE Adaptive Control Architecture (ACA), enabling instant voltage stabilization, frequency control, and dynamic grid support. This site is expected to be energized in the first half of 2013.  Full Article

Q-Cells Selects SatCon Technology Corporation For 30 Megawatts Of California Utility Owned Installations
Tuesday, 12 Jun 2012 08:30am EDT 

Satcon Technology Corporation announced that it has been selected by Q-Cells North America to supply 30 megawatts (MW) of its Equinox Prism Platform solutions for two sites fully owned and operated by one of California's utilities. These projects are part of the first phase of an innovative, five-year program to speed up the delivery of clean energy to California’s customers. The utility-owned generation program (UOG) enables 250 MW of utility-owned solar PV to be deployed over a five-year period. As part of the 2012 installment of the UOG program, Satcon will provide 30 MW of its Equinox Prism Platform solutions across two sites in California.  Full Article

SatCon Technology Corporation Secures Contract
Wednesday, 16 May 2012 08:30am EDT 

SatCon Technology Corporation announced that it has been selected by Western Wind and Lord Electric to supply 30 megawatts (MW) of its Equinox Prism Platform solution.  Full Article

SatCon Technology Corporation Secures Contract
Monday, 14 May 2012 08:30am EDT 

SatCon Technology Corporation announced that it has been selected by GCL Solar Energy, to supply forty-five of their Equinox 500 kilowatt (kW) inverters, along with over 1900 Satcon Solstice Subcombiners, 680 of its SSC Smart Subcombiners, and 64 medium voltage transformers, which will be used in the construction of a 76MW solar power plant in the Caribbean.  Full Article

SatCon Technology Corporation Issues Q2 2012 Revenue Guidance Below Analysts' Estimates
Wednesday, 9 May 2012 04:12pm EDT 

SatCon Technology Corporation announced that for the second quarter of 2012, it expects revenue to be between $24 million and $28 million. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $33 million for second quarter of 2012.  Full Article

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