- Large Concentration of Industry Leading, Multinational Customers -
- Exhibiting Conductus® Superconducting Wire -
AUSTIN, Texas, Sept. 4, 2013 (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, will exhibit its Conductus ® superconducting wire at the European Conference on Applied Superconductivity (EUCAS) in Genova, Italy from Sept. 15 th to 19 th at Booth 16. This biannual event attracts industry leading scientists, technologists and industrial manufacturers dedicated to the advancement of science and commercial productivity in the superconductivity field. More than 1,000 professionals from 44 different countries participated in 2011.
"EUCAS is an ideal event to strengthen our customer relationships with industry leading, multinational companies with established pipelines for superconducting solutions," commented Adam Shelton, STI's VP of Marketing and Product Line Management. "As they plan for 2014 and beyond, each customer will require a reliable source for superconducting wire, and we plan to provide just that. Our customers are looking to STI's extensive superconducting experience and novel proprietary technology to assist them in the commercialization of superconducting devices for multiple power grid applications and high-field magnets used in NMR and MRI machines. For broad commercialization, the market demands improved availability, performance and economics of superconducting wire. Our plan is to address this demand as we ramp to 750 kilometers of capacity in 2014 and beyond."
Please join STI at Booth 16 on the second floor of this year's EUCAS venue, the Magazzini del Cotone conference facility located in the Porto Antico of Genova. Dr. Jeong Huh will also deliver a technology and product development milestone update presentation titled "Development of Low-Cost 2G HTS Coated Conductors at STI" during the 2M-WT: Coated Conductors II session on Tuesday, Sept. 17 at 10:30 in the Levante e Ponente room.
About EUCAS
EUCAS is principally aimed at bringing out the most recent scientific developments in the investigation of superconducting materials, and at fostering discussion on new potential applications of superconductivity and on technology transfer to industry. More information can be found at: http://www.eucas2013.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 (whether through registered direct offerings or otherwise), 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, which may decline in connection with the sales under registered direct offerings or otherwise; the dilutive impact of any issuances of securities to raise capital; and local, regional, 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, 2012 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.
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