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SatCon Technology's CEO Discusses Q2 2012 Results - Earnings Call Transcript

SatCon Technology Corporation (SATC)

Q2 2012 Earnings Call

August 8, 2012, 05:00 pm ET

Executives

Steve Rhoades - President & CEO

Aaron Gomolak - CFO

Analysts

Dale Pfau - Cantor Fitzgerald

Carter Driscoll - CapStone Investments

Jeff Osborne - Stifel Nicolaus

Joe Maxa - Dougherty & Company

Presentation

Operator

Good afternoon and welcome everyone to Satcon’s second quarter 2012 conference call. Today’s call is being recorded. You may listen to the webcast on Satcon’s website located at www.satcon.com. In addition, today’s news release is posted on the site for those of you who did not receive it by email.

With us today are Satcon’s President and Chief Executive Officer Steve Rhoades and Executive Vice President and Chief Financial Officer, Aaron Gomolak.

At this time for opening remarks, I would like to turn the call over to Mr. Gomolak. Please go ahead sir.

Aaron Gomolak

Thank you and welcome to the call everyone.

Before we begin, please note that the comments made on this conference call today may include statements that are not historical facts or that apply prospectively. These forward-looking statements are identified by the use of terms and phrases such as will, intends, beliefs, expects, plans, anticipate 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. These risks and uncertainties include the company's history of operating losses, its ability to maintain compliance with the NASDAQ marketplace rules for continued listing, its ability to meet demand for its products, its ability to meet required covenants under its existing loan agreements, the availability of third-party financing arrangements for its customers, its ability to maintain it’s technological expertise, the availability of sufficient funds for our corporate needs as well as other risk factors contained in the company's SEC filings including its annual report on Form 10-K for the year ended December 31, 2011 and other periodic reports subsequently filed with the SEC.

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