Superconductor Technologies Inc. Strengthens IP Portfolio
June 08 2016 - 6:30AM
Superconductor Technologies Inc. (STI) (Nasdaq:SCON) was awarded
U.S. Patent No. 9,362,025, entitled “Coated Conductor High
Temperature Superconductor Carrying High Critical Current Under
Magnetic Field By Intrinsic Pinning Centers, And Methods Of
Manufacture Of Same” from the U.S. Patent and Trademark Office
(USPTO). This patent further protects the company’s unique
capabilities for improving the performance of its Conductus®
superconducting wire in applications that utilize the advantages
operating in the presence of high magnetic field.
“STI’s proprietary RCE-CDR process provides performance and cost
advantages for manufacturing second generation superconducting
wire,” said Jeff Quiram, STI's President and CEO. “We use
these patented techniques to maximize current carrying performance
in a high magnetic field, which makes Conductus wire ideal for
applications such as motors, generators, MRI and NMR machines that
require high in-field performance. Our efforts to commercialize
Conductus wire for high in-field magnetic performance applications
are important to government and industry, both of which seek more
efficient alternatives to conventional conductors, such as copper,
that are unable to meet the demands of next generation power
solutions for the future electrical grid.”
“We continue to leverage our extensive intellectual property
portfolio and manufacturing expertise as we bring our Conductus
wire to market. We plan to expand our valuable IP portfolio by
filing for additional patents related to our RCE-CDR fabrication
process and cryocooler design in the future,” Quiram concluded.
Reactive Co-evaporation and Cyclic Deposition
Reaction Rare Earth, Barium, Copper Oxide (ReBCO)
materials are recognized as a superior superconductor by offering
better performance in a magnetic field. STI’s RCE-CDR process grows
a ReBCO superconductor film onto a flexible template. This process
is complex, requiring accurate temperature, uniform pressure,
precise ratios of elements and the presence of oxidizing
atmospheres to grow high performance superconducting materials. The
company’s RCE-CDR system is scaled for large batch operation to
insure every portion of superconducting wire has uniform material
properties.
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 fourth quarter of
2016), 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, 2015 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
+1-415-433-3777
invest@suptech.com
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