SANTA BARBARA, Calif., May 18, 2010 (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, received the MICO award in recognition of its potentially disruptive and market-changing intellectual property (IP). The MICO "Bright Lights Innovation Award" was presented to STI at MDB's inaugural Bright Lights Conference held May 10 to 12 in San Francisco, CA.
Jeff Quiram, STI's president and chief executive officer stated: "We are making solid progress on our strategy to align our IP and HTS material deposition processes with our volume manufacturing expertise to enter attractive new global markets. We are honored to receive the MICO award, which recognizes our significant IP capabilities."
"MDB Capital built PatentVest to help investors easily assign a tangible value to patents," said Christopher Marlett, Chairman and CEO of MDB Capital Group. "The MICO award recognizes the investors' choice for most promising innovators of the future, and affirms STI as one of the top 5 out of the 50 companies at the conference with market-leading IP. We are proud to recognize STI's achievements with the MICO Award."
The inaugural Bright Lights Conference showcased 50 of the most innovative public companies ranking in the 90th percentile for technology leadership from over 1,600 small cap companies with U.S. patents granted, as rated by PatentVest, MDB's proprietary IP business intelligence database.
About Superconductor Technologies Inc. (STI)
STI, headquartered in Santa Barbara, CA, 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 applications for advanced RF wireless solutions, power efficient HTS materials, innovative adaptive filtering and government R&D. For more information about STI, please visit http://www.suptech.com/">http://www.suptech.com.
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Contact
For further information please contact Investor Relations, invest@suptech.com, Kirsten Chapman or Cathy Mattison, both of Lippert / Heilshorn & Associates, +1-415-433-3777, for Superconductor Technologies Inc.