AUSTIN, Texas, Nov. 24, 2014 (GLOBE NEWSWIRE) -- Superconductor Technologies Inc. (STI) (Nasdaq:SCON), a world leader in the development and production of high temperature superconducting (HTS) materials and associated technologies, will exhibit its Conductus® HTS wire at the International Workshop on Coated Conductors for Applications (CCA) in Jeju, Korea from November 30th-December 3rd.
STI will present a poster session highlighting customer test data on its Conductus wire illustrating recently announced critical current of 730 Amps/cm at 77K in self-field and showing improved low-temperature characteristics in higher magnetic fields. The presentation will feature commentary from respected researchers such as Anup Patel, the University of Cambridge, who stated, "The RCE-CDR process utilized in STI's Conductus wire shows exceptional promise in providing extremely uniform wide tapes, up to 10cm x 10cm, for creating stacks of superconducting plates that are used for high-field magnetics and superconducting bearings."
"At CCA, we will showcase the effectiveness of our proprietary RCE-CDR process to produce Conductus wire with superlative performance," said Adam Shelton, STI's VP of Marketing and Product Line Management. "As the industry works to commercialize superconducting devices, many of our existing and potential customers are looking to take advantage of better wire performance to improve the value proposition of their superconducting products. They hope to accomplish this by reducing size and weight, or substantially enhancing the functionality of the device. Projects currently undergoing customer testing require a large quantity of superconducting wire per device, ranging from hundreds of meters for a small magnet to hundreds of thousands of meters for a medium size transmission power cable project. In order to meet this forecasted demand, STI is transitioning from our pilot RCE system to our new one kilometer reactive co-evaporation system (RCE-1000). We look forward to meeting with industry leading companies, research laboratories and institutions to discuss STI's latest developments in Conductus wire for use in superconducting 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 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 possibility of delays in customer evaluation and acceptance of our HTS wire; 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; the impact of competitive 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.
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.