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INTERMAGNETICS ANNOUNCES RECEIPT OF HIGH TEMPERATURE SUPERCONDUCTOR DEVELOPMENT CONTRACTS VALUED AT 2 MILLION DOLLARS

 GUILDERLAND, N.Y., Dec. 7 /PRNewswire/ -- Intermagnetics General Corporation (AMEX: IMG) has been identified as a recipient in two major government contract awards sponsored separately by the U.S. Navy and the Department of Energy (DOE). The two awards represent just over $2 million in potential revenue over the next two to three years, with both programs aimed at the development of high temperature superconductor (HTS) materials for application in electric motors and generators. Under the first of these, a $1,256,000 Navy award, Intermagnetics will deliver magnet coils for insertion into an existing testbed motor which had originally been developed for low temperature superconductors. The second award was received as part of DOE's Superconductivity Partnership Initiative (DOE-SPI). Intermagnetics joined forces with General Electric and Niagara Mohawk Power Corporation to design and develop, with the assistance of several DOE National Laboratories, the components for a 100 MVA electric generator utilizing HTS windings. The $3.1 million DOE award to the prime contractor, General Electric, includes $1.1 million of conductor development work to be carried out at Intermagnetics.
 Intermagnetics has been developing HTS materials and devices since 1987, both independently and in alliances with major U.S. government agencies and organizations, including the Argonne, Oak Ridge, Sandia, Los Alamos National Laboratories, and the U.S. Navy. Spun-off from the General Electric Company in 1971 to commercialize lower temperature superconducting technology, Intermagnetics will work in close cooperation with its former parent company, mainly to accelerate the commercialization of higher temperature superconductors. The conductor developed for the Navy program will be based upon two varieties of the silver-sheathed bismuth-based superconductor, while that developed under the DOE program will include thallium-based superconductor as well. This additional conductor development effort is required in order to improve the performance of HTS devices expected to operate at elevated (liquid nitrogen) temperatures.
 Intermagnetics is a leading manufacturer of superconducting magnets, wire and associated low temperature refrigeration equipment, the combination of which is especially useful in magnetic resonance imaging (MRI) systems. The company is dedicated to the development and commercialization of applied superconducting systems and also manufactures permanent magnet systems and material separation equipment.
 -0- 12/7/93
 /CONTACT: William Dunk, 214-960-9611, or Carl H. Rosner, president, 518-456-5456, both of Intermagnetics General Corporation/
 (IMG)


CO: Intermagnetics General Corporation ST: New York IN: SU: CON

KL-AR -- CL010 -- 1275 12/07/93 12:17 EST
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Publication:PR Newswire
Date:Dec 7, 1993
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