SANTA BARBARA, Calif., Oct. 23, 2007 (PRIME NEWSWIRE) -- Superconductor Technologies Inc. (STI) (Nasdaq:SCON), a leading provider of high performance infrastructure products for wireless voice and data applications, announced the voting results of its Annual Meeting of Stockholders held October 23, 2007 in Santa Barbara, California.
STI's stockholders approved all matters set forth in the company's proxy statement, including the elections of John D. Lockton and David W. Vellequette to the Board of Directors for terms ending upon the 2010 annual stockholders meeting. STI's Board of Directors has six members.
Stockholders ratified the selection of Stonefield Josephson, Inc. as independent auditors for the year ending December 31, 2007 and approved an amendment to the 2003 Equity Incentive Plan to increase the number of shares authorized to be issued thereunder to 2,500,000.
A copy of management's presentation to shareholders can be accessed at the STI website: http://www.suptech.com.
About Superconductor Technologies Inc. (STI)
STI, headquartered in Santa Barbara, CA, is a leading provider of high performance infrastructure products for wireless voice and data applications. STI's SuperLink(r) solution increases capacity utilization, lowers dropped and blocked calls, extends coverage, and enables faster wireless data rates. Its AmpLink(tm) solution enhances the performance of wireless base stations by improving receiver sensitivity and geographic coverage.
For information about STI, please visit http://www.suptech.com.
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