Superconductor Technologies Inc. Achieves Production Milestone
March 11 2014 - 6:30AM
- Conductus wire prototype machine produces run
that demonstrates very high yield -
- Conductus wire shipped to six new customers
-
Superconductor Technologies Inc. (STI) (Nasdaq:SCON), a world
leader in the development and production of high temperature
superconducting (HTS) materials and associated technologies, over
the last three months has shipped hundreds of meters of
Conductus® wire to nine customers. Four of these customers are
in the second stage of the wire evaluation process while five are
in the first stage of the process. Six of these customers are
new.
For the first time, STI shipped wire that included both 10mm and
4mm wire widths that performed at currents as high as 450 Amps per
centimeter (A/cm) width. The customers are using the wire for
qualification testing in various product designs for applications
that include superconducting fault current limiters,
superconducting power cables, HTS high field magnets, and quantum
levitation devices. This diverse set of applications demonstrates
that Conductus wire is applicable to numerous solutions in the
Smart Grid architecture, advanced physics and high efficiency
transportation fields.
"Over the past three months, our pilot production RCE-CDR
equipment has produced wire that achieved very high critical
current performance," stated Adam Shelton, STI's VP of marketing
and product line management. "We are especially encouraged that our
fully loaded RCE-CDR pilot equipment produced Conductus wire with
over 90% of the output performing at an average of 350A/cm. This
production milestone clearly demonstrates, on a pilot level, the
effectiveness of STI's proprietary RCE-CDR process for
manufacturing high performance, economical and commercially
scalable wire to meet our customers' needs."
Shelton continued, "The company continues to be capacity
constrained and we expect the current commitments and orders to
consume all the wire we can produce for at least the next three
months. We are preparing our Austin facility and assembling the 1km
RCE-CDR. When this machine is running at full capacity, STI plans
to produce 750km per year of high critical current wire that we
expect to provide high uniformity across its length and width.
Higher critical current performance allows our customers to deploy
efficient devices while delivering the superior uniformity that
reduces alternating current loss and improves the magnetic
properties of the wire. All of these improvements are valuable
advances in the drive to make high temperature superconducting wire
a viable technology for commercial use."
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.
CONTACT: Investor Relations Contact
Cathy Mattison or Kirsten Chapman
LHA
+1-415-433-3777
invest@suptech.com
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