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AMERICAN SUPERCONDUCTOR ESTABLISHES EUROPEAN SALES AND MARKETING OPERATION: GERO PAPST NAMED MANAGING DIRECTOR OF NEW SUBSIDIARY

 WATERTOWN, Mass., Nov. 17 ~PRNewswire~ -- American Superconduct or Corp. (NASDAQ-NMS: AMSC) today announced establishment of a European subsidiary to serve as headquarters for its sales and marketing in Europe and the former Soviet Union, and eventually as a base for future manufacturing operations there.
 Gero Papst -- who most recently was managing director of the environmental treatment division of a $750 million (1 billion marks) German technology firm -- has been named managing director of the new subsidiary, American Superconductor Europe GmbH. The unit will be based in the high technology area situated in and around Dusseldorf, Germany.
 American Superconductor Europe GmbH will be built over the next 12 months to further delineate and implement ASC's European business strategy. A key role for the operation will be to serve as a focal point for the interactions between American Superconductor, its European customers, strategic partners and research and academic institutions.
 Initially, the subsidiary's activities will focus on developing business relationships, as well as marketing and distributing high temperature superconducting wire and coil prototypes, which the firm currently manufactures in the United States. Within five years, the firm anticipates moving some production capacity to Europe.
 "Our level of activity is growing in Europe, and has reached the point where we will obtain significant benefit now by increasing our presence there," said Gregory J. Yurek, president and CEO. "The industrialized nations of western Europe represent a market that is important for us to build now. Combined with the emerging eastern European countries and the former Soviet republics, over time this region will become a significant source of revenue for the parent company."
 Dr. Papst will have responsibility for managing the growth of the subsidiary and implementing the company's business strategy in Europe. Prior to his most recent role with the German technology firm, Otto Oeko GmbH & Co., he held key technical positions with Korf Engineering GmbH (now Deutsche Voest Alpine GmbH), Korf Stahl AG and Korf Hamburger Stahlwerke. He is credited with pioneering the development of the Corex process for producing iron in an energy-efficient manner, and for its commercial introduction in North America and elsewhere.
 "As an experienced metallurgist with broad business experience, Dr. Papst is an ideal person to lead ASC's European operations," Yurek said. "He will play a crucial role in our business development activities and in advancing our technology partnerships in Europe. I am pleased he will be joining the firm."
 Products manufactured by American Superconductor are based on the new family of high-temperature ceramic superconductors. Although ceramics are normally brittle, American Superconductor's proprietary manufacturing process produces them in a flexible form so they can be wound into coils without further processing treatments. The wires also are very durable, maintaining their superconducting properties despite repeated temperature variations -- the same fluctuations they undergo in actual use.
 Superconductors lose all resistance to the flow of electricity when cooled below a "critical" temperature. High-temperature superconductors hold great commercial promise since they work at relatively warm temperatures that are economically feasible to attain.
 American Superconductor Corporation develops and applies high temperature superconductor technology to create compact, cost-effective electric power and magnet systems. The firm is the largest industrial effort in the world dedicated to transferring this technology to commercial applications.
 -0- 11~17~92
 ~CONTACT: Gregory J. Yurek of American Superconductor Corp., 617-923-1122, or Jack Jackson~Carol DeMatteo of Miller Communications, 617-536-0470, for American Superconductor~
 (AMSC)


CO: American Superconductor Corp. ST: Massachusetts IN: CPR SU:

CN -- NE005 -- 1696 11~17~92 09:14 EST
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Date:Nov 17, 1992
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