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Satcon Receives $1.3M in Contracts

SatCon Technology Corporation (NASDAQ NM: SATC) has been awarded two contracts totaling $1.3 million. Navy Amplifier Cooling Contract A Phase II SBIR contract for the integration and packaging of a Low Noise Amplifier (LNA) with thermoelectric cooler (TEC) for the Space and Naval Warfare Systems Command (SPAWAR). The contract value is $749,998. SatCon’s Applied Technology division will design, fabricate, test and deliver a prototype, integrated LNA with TEC package for use in shipboard communications systems electronics that will improve the amplifiers range and sensitivity. The effort supports SPAWAR’s mission of “transforming information into decisive effects” by improving signal acquisition and digital signal processing for communications and radar systems for Navy ships. The award is an outgrowth of SatCon’s previous thermal management research on using TEC technology to cool sensors and electronics in aircraft anti-radiation defense systems. SatCon Chairman and CEO, David Eisenhaure stated, “SatCon is pleased to have a role in the US Navy’s development of new communications technology. This contract supports our stated initiative to expand our defense related business. Other potential applications include radar electronics cooling.” Class K Contract Awards SatCon Electronics, a wholly-owned subsidiary and designer and manufacturer of high reliability electronic components, has been awarded a […]

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Zoltek Completes Additional Funding

Zoltek Companies, Inc. (Nasdaq: ZOLT) has received $20 million of funding under the previously announced amendment to its existing convertible financing facility of up to $60 million with institutional investors. Zoltek now has received a total of $50 million under this arrangement. The financing package is expected to provide a portion of the financial resources required to enable the Company to execute its planned expansion of its worldwide rated carbon fiber productive capacity. Website: [sorry this link is no longer available]     

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