- In Collaboration with Nexans, Victoria University, University of Cambridge -
- Conductus attains new, record critical current performance of 674 Amps on 12mm width at 77K wire -
AUSTIN, Texas, Aug. 12, 2014 (GLOBE NEWSWIRE) -- Superconductor Technologies Inc. (Nasdaq:SCON) ("STI") presented the results of the collaborative testing efforts of Nexans, Victoria University, the University of Cambridge and STI at the Applied Superconductivity Conference (ASC) in Charlotte, NC on Monday, August 11th. The results of the testing will be on display at booth #44 at the ASC conference through August 15th. STI's presentation, "Low-Cost 2G HTS Coated Conductor Scale-Up at STI," is available on the Events page of STI's website.
"We are honored to have such highly regarded members of the superconductivity community collaborating with us to perform state of the art testing of our innovative Conductus® wire," said Adam Shelton, STI's VP of Marketing and Product Line Management. "At ASC today, the efforts of this latest industry collaboration will be on display fully describing important performance characteristics of Conductus wire. The results of these efforts and other extensive research confirm that the performance of Conductus wire continues to be industry leading. This independent testing, combined with our internal results, validates the critical current performance of up to 674 Amps on a 12mm wire at 77k. We believe that this fully documented capability of Conductus wire confirms our ability to meet the demanding future requirements of the superconducting industry."
Shelton continued, "This collaboration, along with ongoing efforts with other customers, is an important step in the development of disruptive technologies that will lead to new and revolutionary ways of looking at existing applications and devices that can be vastly improved by utilizing superconducting materials."
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: the ability of our suppliers, who we do not control, to produce and deliver equipment on a timely basis; our ability to incorporate and fully assemble new equipment effectively and on time into our production processes; our ability to calibrate and use new equipment to produce wire in accordance with our timetable; 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 (whether through registered direct offerings or otherwise), 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, which may decline in connection with the sales under registered direct offerings or otherwise; the dilutive impact of any issuances of securities to raise capital; 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|