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SUPERLINK, AMERICAN SUPERCONDUCTOR ANNOUNCE RESEARCH COLLABORATION AND PATENT AGREEMENTS

 SUPERLINK, AMERICAN SUPERCONDUCTOR ANNOUNCE RESEARCH
 COLLABORATION AND PATENT AGREEMENTS
 WATERTOWN, Mass., Oct. 7 /PRNewswire/ -- Superlink Developments, Ltd., of Lower Hutt, New Zealand, has signed an agreement with American Superconductor Corp. (NASDAQ:AMSC), establishing a collaborative research program and giving the U.S. company exclusive rights worldwide to six patent applications for advanced superconducting materials and processes applicable in the commercialization of wires and coils, the firms announced today.
 The collaboration, which is effective immediately, provides American Superconductor with exclusive licensing on a worldwide basis to high temperature superconducting compounds involved in the development and manufacture of superconducting wires for commercial sale. The firm's rights extend for the lifetime of the patents once they formally issue. In return, Superlink obtains stock in American Superconductor, royalties on the commercial sale of any wires that incorporate its compositions of matter, as well as funding in support of its own further R&D work.
 "The New Zealand research group represented by Superlink has considerable scientific and engineering talent," said Gregory J. Yurek, American Superconductor president and CEO. "Establishing this relationship allows us to collaborate with some of the best and brightest workers in the field. Additionally, the potential availability of their patents for our commercial sale of high temperature superconducting wires adds to our already strong position in patents and other intellectual property as we continue to commercialize superconductors."
 "This agreement allows Superlink and American Superconductor to combine their superconductivity research efforts and work as partners toward our common goal of transferring superconductivity technology from the laboratory to the global commercial sector," said Jeffery Tallon, technical manager at Superlink.
 Over the term of the agreement, American Superconductor will provide R&D funding support to Superlink -- up to $700,000 over five years -- and will be guaranteed exclusive rights to any future technologies developed. The government of New Zealand and the Electricity Corporation of New Zealand, the nation's electric utility, will provide an additional $5 million in support of Superlink's R&D programs, which will be carried out at the New Zealand Institute for Industrial Research.
 Superlink also will be granted stock -- up to 30,000 shares -- as part of its granting licensing rights to the issued and pending patents it has. Stock will be apportioned to Superlink over time when U.S. patents are actually issued to the firm.
 Most of the patent applications covered under the agreement with American Superconductor are for specific superconducting compounds, or "compositions of matter," that are under investigation for use in commercial applications. For example, the New Zealand group has already been granted a U.S. patent for a compound known by the shorthand "2-4-7" -- which is an oxide compound of the elements yttrium, barium and copper.
 The 2-4-7 material superconducts at 90 degrees Kelvin, and is the first of its kind to be awarded by the U.S. Patent Office.
 Another Superlink patent application in the agreement relates to a method for improving "flux pinning" -- a phenomenon that enhances a superconductor's ability to carry high amounts of current -- and would be an important factor in the development of products that take advantage of high temperature superconductivity. The companies are not disclosing the remaining patents covered in the agreement until they are allowed or issued.
 "American Superconductor will continue to pursue alliances of this type not only to build our scientific and manufacturing strengths, but to continue building a strong platform for global commercialization of our technologies," Yurek said.
 American Superconductor currently manufactures superconducting wires, tapes, cable conductors and coils for use in demonstration and development projects ranging from compact, high-output superconducting motors to super-efficient electric power transmission cables. Any of the patents covered in the agreement with Superlink might be incorporated in these programs.
 Under proper conditions, high temperature superconductors carry electricity with near-perfect efficiency, making them extremely desirable in uses such as generators, motors, energy storage devices and power transmission lines.
 Superlink Developments Ltd. is a joint venture company owned by the Electricity Corporation of New Zealand and the New Zealand Institute for Industrial Research. It was established in 1988 to market the intellectual property generated by the superconductivity research group formerly of the Department of Scientific and Industrial Research of the New Zealand government.
 American Superconductor Corporation develops and applies high temperature superconductor technology to create compact, cost- effective electric power and magnet systems. The firm has one of the largest industrial efforts in the world dedicated wholly to transferring this technology to commercial applications.
 -0- 10/7/92
 /CONTACT: Gregory J. Yurek of American Superconductor Corporation, 617-923-1122, or Jack Jackson or Carol DeMatteo of Miller Communications, 617-536-0470, or Jeffery Tallon Superlink N. America, 011-644-566-6919/
 (AMSC) CO: American Superconductor; Superlink ST: Massachusetts IN: CPR SU:


CH -- NE002 -- 7351 10/07/92 09:26 EDT
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Date:Oct 7, 1992
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