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ILLINOIS SUPERCONDUCTOR CORP. TO MAKE INITIAL PUBLIC OFFERING OF COMMON STOCK

 EVANSTON, Ill., Sept. 30 /PRNewswire/ -- Illinois Superconductor Corp. (ISC) today announced that it has filed a registration statement with the Securities and Exchange Commission (SEC) relating to the proposed initial public offering of 1.2 million shares of common stock.
 It is anticipated that the initial public offering price will be $10 to $12 a share. ISC is expected to have 3,213,317 shares outstanding after the offering.
 Illinois Superconductor develops products for commercial applications using high-temperature superconducting materials and its thick-film fabrication technology. The company focuses primarily on developing radio frequency component products for the cellular telephone and other wireless communications markets. Under development is a prototype of ISC's first product for these markets, a superconducting interference rejection filter for use in cellular telephone base stations.
 Gruntal & Co., Incorporated, will manage the offering. A copy of the preliminary prospectus may be obtained from Gruntal's offices, 14 Wall St., New York, N.Y. 10005.
 A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 -0- 9/30/93
 /CONTACT: Ora E. Smith or Stephen Wasko, 708-866-0435, for Illinois Superconductor Corp./


CO: Illinois Superconductor Corp. ST: Illinois IN: TLS SU: OFR

SM -- NY049 -- 7256 09/30/93 11:58 EDT
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Publication:PR Newswire
Date:Sep 30, 1993
Words:283
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