This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Satcon Receives Court Approval To Support Warranty And Service Programs

Satcon Technology Corporation® (NASDAQ CM: SATC), a leading provider of utility-scale power conversion solutions for the renewable energy market, today announced that the United States Bankruptcy Court for the District of Delaware (the "Court") granted the Company's request to honor product warranty programs for existing Satcon Products. Satcon will also be able to extend warranties to customers on future Satcon Products in the ordinary course of business. These key programs enable Satcon to continue to provide the critical post sale service and support as part of their ongoing day to day operations and future sales development efforts during their pending chapter 11 cases.

Highlights of the Programs include:
  • The Satcon Extended Warranty Plan is an extension of the Satcon 5-year unlimited hour usage warranty for a period of up to 20 years.
  • The Satcon Extended Warranty can be purchased in one or five-year blocks at any time at an additional cost within the Warranty period prior to the expiration of the current Warranty term. Terms and conditions will be the same as those applying to the Standard Inverter Warranty.
  • Preventative Maintenance Plans are offered as an extension of the Extended Warranty for a period of up to 20 years (in five-year increments) to ensure worry free usage, optimal performance and a lower total cost of ownership.

In addition to ongoing warranty support, Satcon will be offering additional assurances to our customers by establishing an Intellectual Property (IP) Escrow account with a nationally recognized intellectual property escrow service. The Escrow account will house the core technical drawings, source code and supplier information in order to ensure that Satcon customers have the continued ability to support and service their Satcon equipment in the event that the company or its successors are not able to provide these services in the future.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,560.14 -82.87 -0.50%
S&P 500 1,977.40 -11.47 -0.58%
NASDAQ 4,803.0240 -25.3010 -0.52%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs