- Over 1700 Participants Focused on Superconductivity Industry and Technology -
- World Leading Companies to Showcase New Products -
AUSTIN, Texas, Aug. 4, 2014 (GLOBE NEWSWIRE) -- Superconductor Technologies Inc. (Nasdaq: SCON ) ("STI"), a world leader in the development and production of high temperature superconducting (HTS) materials and associated technologies, will showcase its Conductus ® wire at the Applied Superconductivity Conference (ASC) being held August 10 th -15 th in Charlotte, NC. STI will exhibit at booth 44 and Dr. Jeong Huh will deliver a technology and product development milestone update presentation titled "Low-Cost 2G HTS Coated Conductors Scale-Up at STI" on August 11 th at 11:45 a.m. EDT.
"ASC is an outstanding venue to continue our collaboration with new and existing customers as they look to enhance their product performance utilizing Conductus wire," said Adam Shelton, STI's VP of Marketing and Product Line Management. "Superconductivity is a phenomenon where some materials exhibit no electrical resistance below certain cryogenic temperatures. For this reason, superconducting wire can carry more than one hundred times the current of an equivalent size of copper wire; no other technology comes close to this performance. As such, it will play a crucial role in the electric power industry's 'Race to Energy Efficiency,' which is the theme of ACS 2014. We look forward to meeting with company and academic leaders from around the world as the industry works to commercialize superconducting devices for many new exciting products."
ASC is a major international forum with over 1700 participants that meet to present and discuss the latest in the field of superconductivity. The meeting will attract a broad spectrum of participants in research, technology development, and industrial manufacturing of superconductors wire and devices along with end users for a wide variety of applications. Participants from U.S. and international universities, industry, national laboratories, and other government agencies will address recent progress in applications. For more information visit http://ascinc.org/
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 .
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; the limited number of potential customers; 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; overcoming technical challenges in attaining milestones to develop and manufacture commercial lengths of our HTS wire; customer acceptance of our HTS wire; fluctuations in product demand from quarter to quarter; the impact of competitive filter products, technologies and pricing; manufacturing capacity constraints and difficulties; our ability to raise sufficient capital to fund our operations, and the impact on our strategic wire initiative of any inability to raise such funds; the impact of any such financing activity on the level of our stock price, and local, regional, and national and international economic conditions and events and the impact they may have on us and our customers, such as the current worldwide recession.
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, 2013 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.
Contact: Investor Relations Contact
Cathy Mattison or Kirsten Chapman
LHA
+1-415-433-3777
invest@suptech.com
