SatCon is also building products that use this power more efficiently. Its high efficiency motors and drive systems are increasing throughput in industrial machinery without increasing energy costs. Whether it's electronic components that power the Internet or integrated motor and suspension systems that manufacture silicon wafers, SatCon is at the forefront of developing and manufacturing power management products that help our world operate more efficiently and cleanly. Market Overview SatCon's markets are extensive. Since power and energy management bridges every market, SatCon's products have significant market potential.
Energy consumption is costly and older methods of generation are environmentally unfriendly.
New methods of power generation are being introduced that will use SatCon power electronics building blocks to convert locally generated power into useable electricity. Factory automation, from silicon wafers to automobile manufacturing, where increased throughput and lower production costs are critical to long term corporate profits. Cable television and telephony where power management is critical to maintaining uninterrupted services from telephones to the Internet. Energy management is also critical in applications for aircraft and satellites, and in automobiles that are increasingly becoming electrified to handle intelligent driving systems and other new options, and even in electric, hybrid-electric and fuel cell vehicles that many believe will be the future of personal transportation. Milestones and Key Developments On February 1st, SatCon announced that it will build fuel cell power converters for H-Power, among whose strategic investors is Duquesne Enterprises who is also a strategic investor in SatCon.