- Conductus wire prototype machine produces run that demonstrates very high yield -
- Conductus wire shipped to six new customers -
AUSTIN, Texas, March 11, 2014 (GLOBE NEWSWIRE) -- 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 .
Investor Relations Contact Cathy Mattison or Kirsten Chapman LHA +1-415-433-3777
