Superconductor Technologies to Present at the 2017 European Conference on Applied Superconductivity Sept. 17th to 21st
September 12 2017 - 6:30AM
Superconductor Technologies Inc. (STI) (Nasdaq:SCON) will
participate in the Scientific Program of the European Conference on
Applied Superconductivity (EUCAS) being held in Geneva,
Switzerland.
The Conductus® HTS wire program technical lead, Dr. Jeong Huh,
will present “2G HTS Coated Conductors Buffer Stack Architecture
Improvements at STI” during the 2MO4-11: Progress in HTS Conductor
Industry oral session on Tuesday, Sept. 19th at 3:20 p.m. local
time (9:20 a.m. ET) in CICG Room 3+4. Dr. Huh will review STI’s
technology update and provide information on Conductus® wire
production scale-up milestones and its future product roadmap that
integrates improved performance for magnet applications as planned
for next generation machines electrical machines.
“EUCAS offers an ideal environment to build on our relationships
with our customers and strategic partner the Robinson Research
Institute, as well as new potential customers that are seeking a
reliable supply of high performance wire to commercialize their
products,” said Adam Shelton, STI’s VP of Marketing and Product
Line Management. “Near-term market opportunities include fault
current limiter, magnet and power transmission cable products.
Also, we are excited that EUCAS is featuring scientific programs on
innovative designs for utilizing superconducting technology for
greener, more energy efficient aircraft transport and on fusion
reactors for generating lower cost, clean energy in the future.
STI’s proprietary RCE-CDR fabrication process produces wire with
superior infield magnetic performance and other differentiating
capabilities making it ideal for many of these transformative
applications.”
About EUCASEUCAS brings together the
scientists, research and industrial communities from around the
world. The forum provides an ideal platform to share knowledge and
the most recent advances in all areas of applied superconductivity:
from large-scale applications to miniature electronics devices,
with a traditional focus on advanced materials and conductors.
EUCAS is a biannual event aimed at bringing out the most
recent scientific developments in the investigation of
superconducting materials, and at fostering discussion on new
potential applications of superconductivity and on technology
transfer to industry. More information can be found at:
http://eucas2017.org/2017/
About Superconductor Technologies Inc.
(STI)Superconductor Technologies Inc. is a global
leader in superconducting innovation. Its Conductus®
superconducting wire platform offers high performance,
cost-effective and scalable superconducting wire. With 100 times
the current carrying capacity of conventional copper and aluminum,
superconducting wire offers zero resistance with extreme high
current density. This provides a significant benefit for electric
power transmission and also enables much smaller or more powerful
magnets for motors, generators, energy storage and medical
equipment. Since 1987, STI has led innovation in HTS materials,
developing more than 100 patents as well as proprietary trade
secrets and manufacturing expertise. For more than 20 years STI
utilized its unique HTS manufacturing process for solutions to
maximize capacity utilization and coverage for Tier 1
telecommunications operators. Headquartered in Austin, TX,
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; our need to materially grow our revenues from
commercial operations and/or to raise additional capital (which
financing may not be available on acceptable terms or at all) in
the very near future, before cash reserves are depleted (which
reserves are expected to be sufficient into the first quarter of
2017), to implement our current business plan and maintain our
viability; the performance and use of our equipment to produce wire
in accordance with our timetable; overcoming technical challenges
in attaining milestones to develop and manufacture commercial
lengths of our HTS wire; the possibility of delays in customer
evaluation and acceptance of our HTS wire; the limited number of
potential customers and customer pressures on the selling prices of
our products; 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; the impact of competitive products,
technologies and pricing; manufacturing capacity constraints and
difficulties; the impact of any financing activity on the level of
our stock price; the dilutive impact of any issuances of securities
to raise capital; the steps required to maintain the listing of our
common stock with a U.S. national securities exchange and the
impact on the liquidity and trading price of our common stock if we
fail to maintain such listing; the cost and uncertainty from
compliance with environmental regulations; 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, 2016 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.
Investor Relations ContactCathy Mattison or
Kirsten Chapman LHA Investor Relations
+1-415-433-3777
invest@suptech.com
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