Superconductor Technologies Inc. Strengthens IP Portfolio for Superconducting Magnet Applications
October 16 2019 - 6:30AM
Superconductor Technologies Inc. (STI) (Nasdaq: SCON) was awarded
U.S. Patent No. 10,446,294 , 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, along with previously issued patents USP
9,362,025 and USP 9,564,258, further protects the company’s unique
capabilities for improving the performance of its Conductus®
superconductor magnet wire that utilize the advantages in
superconductor magnet applications with lower operating
temperatures and high magnetic field are critical.
“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
superconducting magnet applications. Conductus high performance
magnet wire is ideal for applications such as Next Generation
Electrical Machines (NGEM) and emerging applications such as
particle accelerators and fusion systems. Our efforts to
commercialize Conductus wire for high performance magnetic
applications has produced a much more efficient alternative to
existing conductors, such as copper and low temperature
superconducting materials, that are unable to meet the requirements
of next generation power solutions. We continue to leverage our
extensive intellectual property portfolio and manufacturing
expertise as we bring our Conductus wire to market and plan to
further expand our intellectual property efforts around the RCE-CDR
fabrication process in the future.”
Reactive Co-evaporation (RCE) and Cyclic Deposition
ReactionRare 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 ensure 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: statements pertaining to the
offering of the Company’s securities, including the use of net
proceeds therefrom; 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,
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, 2018, 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 ContactMoriah Shilton or
Kirsten Chapman LHA
+1-415-433-3777
invest@suptech.com
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