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INTERMAGNETICS GENERAL CORPORATION SEALS LISTING ON THE AMERICAN STOCK EXCHANGE

 INTERMAGNETICS GENERAL CORPORATION SEALS LISTING ON
 THE AMERICAN STOCK EXCHANGE
 NEW YORK, Sept. 9 /PRNewswire/ -- Intermagnetics General Corporation, of Guilderland, N.Y., today began trading on the American Stock Exchange with the common stock opening at 6-3/4 on 3,200 shares, the AMEX announced. The stock trades under ticker symbol "IMG". The stock previously traded on NASDAQ's NMS. The company has chosen GHM, Inc., as its specialist unit.
 Intermagnetics General Corporation ("IGC") was founded over 20 years ago as a spin-off from the General Electric Company, and is now an international company involved in superconductive technology and its applications. IGC currently manufactures superconductive magnets, wire and associated ultra-low temperature refrigeration equipment, especially those used in medical diagnostic magnetic resonance imaging (MRI) systems. In addition, the company also produces high field research magnets, permanent magnet systems and material separation equipment.
 "We are very pleased that the company's growth and performance have qualified it to be listed on the American Stock Exchange. The AMEX specialist trading system provides a more orderly and stable market which is consistent with our objective of improving shareholder value," said Carl H. Rosner, president and chief executive officer of Intermagnetics General.
 Superconductivity is a phenomenon characterized by the loss of resistance to the flow of electric current in certain metals, alloys and a few ceramic-type materials, when cooled to very low temperatures. The major use of superconductive materials, in either wire or tape form, is in the construction of a number of different energy-efficient magnets which are many times more powerful than conventional resistive copper wound magnets.
 For the fiscal year ended May 31, 1992, Intermagnetics General Corporation realized a net income of $4,264,000 on $0.57 E.P.S., up from $2,810,000 on $0.38 E.P.S. for the fiscal year ended 1991.
 The American Stock Exchange is committed to becoming the recognized, premier marketplace for growth companies and derivative securities. By responding to listed company needs and initiating quality services, the AMEX finds innovative ways to add value to the expanding community of companies and investors it serves.
 -0- 9/9/92
 /CONTACT: Paul D. Nobile, manager - equities communications of the AMEX, 212-306-2028/
 (IMG) CO: Intermagnetics General Corporation ST: New York IN: SU:


GK-AH -- NY051 -- 7557 09/09/92 13:43 EDT
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Publication:PR Newswire
Date:Sep 9, 1992
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