AMSC India Formed to Address India's Rapidly Growing Wind Energy and Power Grid Markets.AMSC AMSC Army Management Staff College
AMSC American Mobile Satellite Corporation
AMSC American Miniature Schnauzer Club
AMSC Area Maritime Security Committee
AMSC Acquisition Method Suffix Code
AMSC Advanced Missile Signature Center Division to Provide Applications Engineering, Sales and Field Service for Wind and Power Grid Markets
* Initial Power Electronic System Orders Received from Two Indian Wind Turbine Manufacturing Customers
* Wind Turbine Production Schedules on Track for AMSC Customers Ghodawat Energy and Inox Wind
DEVENS, Mass. -- American Superconductor American Superconductor is a technology company based in Westborough, Massachusetts specializing in the design and manufacture of superconducting wires and power converters. It is listed on Nasdaq under the symbol AMSC. Corporation (NASDAQ NASDAQ
in full National Association of Securities Dealers Automated Quotations
U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : AMSC), a global energy technologies company, today announced that it has formed AMSC India to serve India's rapidly growing wind energy and power grid markets with AMSC's power electronics and superconductor-based solutions. With its regional head office in Delhi and a service office in Pune, it will provide local applications engineering, sales, business development, and field service support.
"India is beginning to tap into its renewable energy Renewable energy utilizes natural resources such as sunlight, wind, tides and geothermal heat, which are naturally replenished. Renewable energy technologies range from solar power, wind power, and hydroelectricity to biomass and biofuels for transportation. resources and is making significant investments to vastly improve the throughput and reliability of its power grid," said Greg Yurek, founder and chief executive officer of AMSC. "Our advanced power electronics and superconductor A material that has little resistance to the flow of electricity. Traditional superconductors operate at absolute zero (-459.67 degrees Fahrenheit or -273.15 degrees Celsius). Experiments in the 1980s raised the temperature to -321 degrees Fahrenheit. solutions are well positioned to address these needs both in the near and long term. AMSC India has been formed to provide high-quality local technical support for our new wind power customers and build a strong foundation for future sales into India's broader renewable energy and power grid markets."
According to according to
1. As stated or indicated by; on the authority of: according to historians.
2. In keeping with: according to instructions.
3. the World Bank, roughly 40 percent of residences in India are without electricity, and blackouts are a common occurrence throughout the country's main cities. To address this shortfall, the Indian government has established an ambitious "Power for All by 2012" plan that will require the country's installed generation capacity to grow from 140,000 megawatts (MW) to nearly 225,000 MW by 2012. It also will require billions of dollars of investment in India's transmission and distribution infrastructure.
According to the Global Wind Energy Council's Global Wind 2008 Report, India now ranks fifth in the world in terms of total installed wind power capacity. Capacity in the country grew by 22 percent in 2008 to 9,600 MW. The Indian Wind Energy Association estimates that the country has 65,000 MW of wind power potential.
AMSC's first two wind turbine manufacturing customers in India are Ghodawat Energy Limited and Inox Wind Limited. Both licensed AMSC Windtec[TM] turbine designs within the past 18 months. AMSC, which is the exclusive power electronic system supplier for all Ghodawat and Inox wind turbines, announced today that it has received initial orders for five wind turbine electrical systems from Ghodawat and three wind turbine electrical systems from Inox.
Ghodawat, based in Kolhapur in the state of Maharashtra, India, will use the electrical systems for its initial production of 1.65 MW wind turbines designed by AMSC Windtec. Ghodawat, in collaboration with AMSC Windtec and AMSC India, has successfully erected and tested its first reference 1.65 MW wind turbine.
Inox, located in Noida in the state of Uttar Pradesh Uttar Pradesh (`tär prä`dĭsh), state (2001 provisional pop. 166,052,859), 92,804 sq mi (240,363 sq km), N central India. The capital is Lucknow. , India, plans to begin volume production of 2 MW wind turbines designed by AMSC Windtec in 2010. Inox is in the process of collaborating with AMSC Windtec and AMSC India to erect e·rect
1. Being in or having a vertical, upright position.
2. Being in or having a stiff, rigid physiological condition. its first reference wind turbine prior to initiation of volume production in 2010.
About American Superconductor (NASDAQ: AMSC)
AMSC offers an array of proprietary technologies and solutions spanning the electric power infrastructure - from generation to delivery to end use. The company is a leader in alternative energy, providing proven, megawatt-scale wind turbine designs Wind turbines are designed to exploit the wind energy that exists at a location. Aerodynamic modelling is used to determine the optimum tower height, control systems, number of blades, and blade shape. and electrical control systems. The company also offers a host of Smart Grid This article or section is written like an .
Please help [ rewrite this article] from a neutral point of view.
Mark blatant advertising for , using . technologies for power grid operators that enhance the reliability, efficiency and capacity of the grid, and seamlessly integrate renewable energy sources into the power infrastructure. These include superconductor power cable systems, grid-level surge protectors A device that provides protection against power surges. See surge suppression. See also traffic surge protection. and power electronics-based voltage stabilization systems. AMSC's technologies are protected by a broad and deep intellectual property portfolio consisting of hundreds of patents and licenses worldwide. More information is available at www.amsc.com.
American Superconductor and design, Revolutionizing the Way the World Uses Electricity, AMSC, Powered by AMSC, D-VAR D-VAR Dynamic Volt-Amperes Reactive , dSVC, PowerModule, PQ-IVR, Secure Super Grids, Windtec and SuperGEAR are trademarks or registered trademarks of American Superconductor Corporation or its subsidiaries. All other brand names, product names or trademarks belong to their respective holders. The Windtec logo and design is a registered European Union European Union (EU), name given since the ratification (Nov., 1993) of the Treaty of European Union, or Maastricht Treaty, to the
European Community Community Trademark.
Any statements in this release about future expectations, plans and prospects for the company, including our expectations regarding the future financial performance of the company and other statements containing the words "believes," "anticipates," "plans," "expects," "will" and similar expressions, constitute forward-looking statements forward-looking statement
A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. There are a number of important factors that could cause actual results to differ materially from those indicated by such forward-looking statements. Such factors include: we have a history of operating losses operating loss
The excess of operating expenses over revenue. As with operating income, operating losses exclude revenues and expenses from operations that are not considered a regular part of the business. Also called deficit. Compare operating income. , and we may incur losses in the future; a significant portion of our revenues are derived from a single customer, and a reduction in business with this customer could adversely affect our operating results; adverse changes in domestic and global economic conditions could adversely affect our operating results; changes in exchange rates could adversely affect our results from operations; our common stock may experience extreme market price and volume fluctuations, which may prevent our stockholders from selling our common stock at a profit and could lead to costly litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute.
When a person begins a civil lawsuit, the person enters into a process called litigation. against us that could divert our management's attention; if we fail to implement our business strategy, our financial performance and our growth could be materially and adversely affected; we may not realize all of the sales expected from our backlog of orders and contracts; many of our revenue opportunities are dependent upon subcontractors and other business collaborators, and a reduction in orders stemming from these companies could adversely affect our operating results; our products face intense competition, which could limit our ability to acquire or retain customers; our success is dependent upon attracting and retaining qualified personnel and our inability to do so could significantly damage our business and prospects; and our international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. are subject to risks that we do not face in the U.S., which could have an adverse effect on our operating results. Reference is made to these and other factors discussed in the "Risk Factors" section of the company's most recent quarterly or annual report filed with the Securities and Exchange Commission. In addition, any forward-looking statements included in this press release represent the company's views as of the date of this release. While the company anticipates that subsequent events and developments may cause the company's views to change, the company specifically disclaims any obligation to update these forward-looking statements. These forward-looking statements should not be relied upon as representing the company's views as of any date subsequent to the date this press release is issued.
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|Date:||Sep 9, 2009|
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