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Satcon Achieves #1 Position in North American Solar Inverter Market for Q1 2011

Dépèche transmise le 23 mai 2011 par Business Wire

Satcon Achieves #1 Position in North American Solar Inverter Market for Q1 2011

BOSTON--(BUSINESS WIRE)--Satcon Technology Corporation® (NASDAQ CM: SATC), a leading provider of utility-scale power conversion solutions for the renewable energy market, today announced that it has achieved the number one position in market share for the North American solar inverter market. The data, published in IMS Research’s Q1 2011 PV Inverter Quarterly Market Tracker Report, shows that Satcon shipped the most total megawatts of any inverter manufacturer in the Americas in Q1 2011.

“With over half of a gigawatt of our 500 kW solutions sold worldwide in 2010, and over 200 megawatts shipped worldwide in the first quarter of the year, our Utility-Ready inverters remain the industry’s most widely selected large scale solutions.”

“Satcon was one of the biggest market share gainers in Q1’11, gaining considerable share in the Americas in particular,” said Ash Sharma, Research Director at IMS Research. “They continue to demonstrate impressive growth in the Americas and Asia and this will be extremely important for the future as these markets are predicted to drive global demand.”

“Building on a strong 2010, we are pleased to continue to strengthen our position in the North American Market, as indicated by the results of IMS Research’s recent findings,” said Steve Rhoades, Satcon's President and Chief Executive Officer. “With over half of a gigawatt of our 500 kW solutions sold worldwide in 2010, and over 200 megawatts shipped worldwide in the first quarter of the year, our Utility-Ready inverters remain the industry’s most widely selected large scale solutions.”

About IMS Research – Photovoltaics

IMS Research is a leading independent supplier of market research and consultancy to the global electronics industry, offering syndicated market studies, bespoke research and consultancy services. The company is one of the most respected commentators in the renewable energy field, with a particular expertise in the PV (solar) market. We currently have seven analysts and a 10-person research team dedicated to researching the PV market. We now offer over 25 reports and cover every aspect of the supply chain from polysilicon supply to PV modules, inverters and PV system integrators. [email protected]; www.pvmarketresearch.com

About Satcon

Satcon Technology Corporation® is the leading provider of utility-scale power conversion solutions for the renewable energy market, enabling the industry’s most advanced reliable and proven clean energy alternatives. For over 26 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.

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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 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.