AUSTIN, Texas, Aug. 20, 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 showcase the advantages of superconducting over conventional methods for power and electric grid applications at CIGRE 2014, the Council on Large Electric Systems, being held August 25th-29th in Paris. STI will exhibit at booth 114.
"STI's Conductus® superconducting wire is manufactured utilizing a simple layered architecture and low cost materials. Conductus wire is designed to scale quickly, utilizing high yields to produce commercial volumes at industry leading performance, which is exactly what is needed by the industry to fully commercialize superconducting devices for the smart grid," said Adam Shelton, STI's VP of Marketing and Product Line Management. "Conductus wire has already achieved performance surpassing minimum critical current of 500 Amps per centimeter (A/cm), the performance target for many superconducting fault current limiter (SFCL) and high power superconducting cable designs. At CIGRE, we will join with several of our customers to share the value proposition SFCLs and superconducting cables offer to enhance the capacity and improve the survivability and reliability of the grid. We look forward to meeting with electric utilities and their suppliers who are working to commercialize the future super grids and smart grids while optimizing existing power systems equipment."
The leading event for power systems experts, CIGRE, the Council on Large Electric Systems, is an international organization for promoting collaboration with experts by sharing technical knowledge and joining forces to improve electric power systems. CIGRE counts more than 6,900 experts from all around the world working actively together to design and deploy the power system for the future, optimize existing equipment and power systems, respect the environment and facilitate access to information. http://www.cigre2014.com/
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