Satcon Receives Court Approval to Support Warranty and Service Programs
24 10월 2012 - 4:35AM
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 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.
Satcon will be implementing these measures immediately. Please
direct all inquiries about Satcon’s Service and Warranty Programs
to 1-866-568-0244 or by email at Support@Satcon.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 27 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.
Safe Harbor
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.
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