AUSTIN, Texas, May 13, 2014 (GLOBE NEWSWIRE) -- Superconductor Technologies Inc. (Nasdaq:SCON) ("STI"), a world leader in the development and production of high temperature superconducting (HTS) materials and associated technologies, will exhibit its Conductus® superconducting wire at the Superconductivity for Energy (S4E) conference being held May 15th-19th in Paestum, Italy. STI will present a poster on Low-Cost 2G HTS Coated Conductors Scale-Up at STI during the conference poster session
Friday, May 16th at 5:20 p.m. local time.
The S4E conference brings together experts in the field of high power applications of superconductors, high field magnet technology, power devices (motors, superconducting magnetic energy storage, fault current limiters) and high current applications. Topics will cover how superconducting can be used in various power grid applications including power generation, transmission and distribution, storage applications, transformers and fault current limiters. Presentations will address the potential of superconducting solutions to relieve many stranded grid assets and provide an efficient, adaptive mesh topology that is well suited for the future Smart Grid.
"We will be meeting with customers and other thought leaders at S4E as they focus on the success of superconducting devices that will modernize the electric power industry," said Adam Shelton, STI's VP of Marketing and Product Line Management. "STI's Conductus wire is a high current carrying conductor that provides dramatic performance improvements, higher power density, smaller size, high efficiency and significant cost benefits over traditional copper wire. We look forward to increasing awareness of Conductus as an attractive alternative for improving the value proposition of superconducting electrical devices."
About Superconductor Technologies Inc. (STI)
Superconductor Technologies Inc., headquartered in Austin, TX, has been a world leader in HTS materials since 1987, developing more than 100 patents as well as proprietary trade secrets and manufacturing expertise. For more than a decade, STI has been providing innovative interference elimination and network enhancement solutions to the commercial wireless industry. The company is currently leveraging its key enabling technologies, including RF filtering, HTS materials and cryogenics to develop energy efficient, cost-effective and high performance second generation (2G) HTS wire for existing and emerging power applications, to develop applications for advanced RF wireless solutions and innovative adaptive filtering, and for government R&D. Superconductor Technologies Inc.'s common stock is listed on the NASDAQ Capital Market under the ticker symbol "SCON." For more information about STI, please visit http://www.suptech.com.
Safe Harbor Statement
Statements in this press release regarding our business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. Forward-looking statements are not guarantees of future performance and are inherently subject to uncertainties and other factors, which could cause actual results to differ materially from the forward-looking statements. These factors and uncertainties include, but are not limited to: our limited cash and a history of losses; the limited number of potential customers; the limited number of suppliers for some of our components and our HTS wire; there being no significant backlog from quarter to quarter; our market being characterized by rapidly advancing technology; overcoming technical challenges in attaining milestones to develop and manufacture commercial lengths of our HTS wire; customer acceptance of our HTS wire; fluctuations in product demand from quarter to quarter; the impact of competitive filter products, technologies and pricing; manufacturing capacity constraints and difficulties; our ability to raise sufficient capital to fund our operations, and the impact on our strategic wire initiative of any inability to raise such funds; the impact of any such financing activity on the level of our stock price, and local, regional, and national and international economic conditions and events and the impact they may have on us and our customers, such as the current worldwide recession.
Forward-looking statements can be affected by many other factors, including, those described in the "Business" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of STI's Annual Report on Form 10-K for the year ended December 31, 2013 and in STI's other public filings. These documents are available online at STI's website, www.suptech.com, or through the SEC's website, www.sec.gov. Forward-looking statements are based on information presently available to senior management, and STI has not assumed any duty to update any forward-looking statements.
Contact: Investor Relations Contact
Cathy Mattison or Kirsten Chapman