Superconductor Technologies to Participate in the 11th EPRI Superconductivity Conference Oct. 28th to 30th
October 21 2013 - 6:30AM
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® superconducting wire at the Electric Power
Research Institute (EPRI) Superconductivity Conference in Houston
from Oct. 28th to 30th. The electric utility focus of the
conference addresses practical aspects of development, application,
testing and service experience of superconducting equipment and
system components for electrical power delivery applications.
"EPRI provides an excellent forum for STI and our customers to
collaborate with industry-leading electric utilities to
commercialize superconducting solutions," stated Adam Shelton,
STI's VP of Marketing and Product Line Management. "The electric
power industry is facing many challenges that threaten an electric
utility's ability to deliver reliable and cost efficient power.
These challenges include integration of renewable electricity, need
for improved network efficiency, aging infrastructure, increased
electrical demand and implementation of new Smart Grid
technologies. Existing copper-based electrical conductors are
inefficient and cannot support the growing energy demand or Smart
Grid infrastructure."
"Advanced, high power superconducting transmission cables and
superconducting fault current limiters (SFCLs) are cost-effective,
high-performance alternatives to conventional, copper-based
solutions. High power superconducting transmission cables reduce
voltage and increase current, lowering right-of-way, civil work and
environmental impact. SFCLs protect the grid from damaging faults
and enable power sharing between substations and connectivity to
new sources of renewable power. These solutions are all made
possible with superconducting wire, which typically is composed of
100s of superconducting wire strands ranging from 3 meters to 1000
meters in length."
"STI is in the process of scaling capacity to commercialize our
Conductus wire for applications like SFCLs and superconducting
transmission cables. Our initial production machines have been
installed in Austin, TX, with the final RCE-CDR production system,
capable of 1km lengths, being installed in 2014," Shelton
concluded.
Ken Pfeiffer, STI's VP of Engineering, will deliver a technology
and product development milestone update presentation titled
"Development of Low-Cost 2G HTS Coated Conductors at STI" on
Tuesday, Oct. 29th. This presentation will highlight how STI's
RCE-CDR superconducting wire manufacturing process addresses three
key areas of opportunity in the superconducting wire market: high
performance, improved economics and commercial-scale capacity.
About EPRI
The EPRI Superconductivity Conference is a biennial
international forum for electric utility and superconductivity
industry stakeholders. EPRI provides an international forum for
electric utility and superconductivity industry stakeholders to
develop a mutual understanding of the technology readiness,
business potential and system operational requirements associated
with transitioning to a superconducting power delivery system.
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 (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, 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, 2012 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
LHA
+1-415-433-3777
invest@suptech.com
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