American Superconductor receives Industry Week's "Technology of the Year" award.WESTBOROUGH, Mass.--(BUSINESS WIRE)--Dec. 19, 1995--American 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. Corporation (Nasdaq: 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 ) today expressed its pleasure at being named a recipient of Industry Week magazine's "Technology of the Year" award for its work in the area of high temperature superconductors (HTS HTS Heights HTS Harmonized Tariff System HTS High Throughput Screening (biomolecular assay screening) HTS High-Throughput Screening (Pharmaceutical Industry) HTS Harmonized Tariff Schedule ). The December 18 issue of Industry Week specifically cites the significant progress of American Superconductor's HTS commercialization efforts, which include the six major product lines the company is developing for the electric power marketplace. The magazine also details the business and technical achievements made by 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. in 1995, including its first commercial sale of its CryoSaver(TM) current leads product to Babcock & Wilcox. Greg Yurek, president and chief executive officer of American Superconductor, stated, "We are honored to be recognized by Industry Week magazine for our accomplishments in 1995. This award would not be possible without the commitment and hard work of our talented employees and the support of our development partners around the world. We are proud of our track record of technical successes. This recognition is a harbinger har·bin·ger n. One that indicates or foreshadows what is to come; a forerunner. tr.v. har·bin·gered, har·bin·ger·ing, har·bin·gers To signal the approach of; presage. of several key benchmarks that we expect to occur before our March 31, 1996 fiscal year-end Fiscal Year-End The completion of a one-year, or 12-month, accounting period. Notes: The reason that a company's fiscal year often differs from the calendar year and does not close on Dec 31, is due to the nature of company's needs. , including the expected demonstration of a 30-meter HTS power transmission cable conductor with Pirelli Cable and the demonstration of a 125 hp HTS motor with Reliance Electric." American Superconductor is the leader in developing commercial applications of high temperature superconductor technology for the global electric power industry. With world-class expertise in electromagnetics, cryogenic cryogenic /cry·o·gen·ic/ (-jen´ik) producing low temperatures. cry·o·gen·ic adj. 1. Relating to or producing low temperatures. 2. integration, power semiconductors and power engineering as well as high temperature superconductors, the company is driving the evolving market for advanced electric power equipment and power quality products. CONTACT: American Superconductor Denise Mikulis, 508/836-4200 or Makovsky & Co. Bob Cavosi, 212/508-9600 |
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