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AMERICAN SUPERCONDUCTOR INITIAL PUBLIC OFFERING OF 1,670,000 SHARES DECLARED EFFECTIVE

 AMERICAN SUPERCONDUCTOR INITIAL PUBLIC OFFERING
 OF 1,670,000 SHARES DECLARED EFFECTIVE
 WATERTOWN, Mass., Dec. 12 /PRNewswire/ -- American Superconductor Corporation (ASC) today announced that its registration statement for a public sale of 1,670,000 shares of its common stock at $12.75 per share has been declared effective by the U.S. Securities and Exchange Commission.
 The stock will trade on the over-the-counter market's National Market System under the NASDAQ symbol AMSC.
 The initial public offering is being underwritten by Invemed Associates, Inc., New York, N.Y.
 American Superconductor was organized to develop high temperature superconducting wires and products from those wires, including electromagnetic coils, electromagnets and multistrand conductors, for commercialization. Superconducting wires lose all resistance to the flow of electricity when cooled below a "critical" temperature. Superconducting wires provide significant advantages over conventional wires because superconducting wires conduct electricity with little or no energy loss, and therefore can transmit much larger amounts of electricity than conventional wires of the same size.
 ASC has produced and sold prototype high temperature superconducting electromagnetic coils and multistrand conductors for use in several development and demonstration programs. For example, the firm has sold electromagnetic coils to one manufacturer that is developing superconducting motors for commercial applications.
 Prospectuses may be obtained from Invemed Associates, Inc., 375 Park Avenue, New York, N.Y. 10152, 212-421-2500, Attention: Cristina Kepner, executive vice president.
 This press release 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- 12/12/91 R
 /CONTACT: Gregory J. Yurek of American Superconductor Corp., 617-923-1122; or Jack Jackson or Katherine Leavenworth, both of Miller Communications, 617-536-0470, for American Superconductor Corp./ CO: American Superconductor Corp. ST: Massachusetts IN: CPR SU: OFR


KM -- NE001R -- 1862 12/12/91 10:27 EST
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Publication:PR Newswire
Date:Dec 12, 1991
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