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American Superconductor News

06 Jul 2018

Sinovel Fined for AMSC Trade Secret Theft

File Image (CREDIT: AdobeStock / © JJAVA)

A U.S. judge ordered Sinovel Wind Group Co Ltd, a Chinese wind turbine maker, to pay a $1.5 million fine after the company was convicted and charged for stealing trade secrets from Massachusetts-based AMSC. U.S. District Judge James Peterson in Madison, Wisconsin, also sentenced Sinovel to one year of probation, during which it must pay the unpaid balance of a $57.5 million settlement it reached with AMSC. The U.S. Justice Department said Sinovel has already paid AMSC, formerly known as American Superconductor Inc…

16 Aug 2011

Wood Jr. Appointed Chairman at American Superconductor

American Superconductor Corporation (NASDAQ: AMSC), a global power technologies company, announced the appointment of John W. Wood Jr. as chairman of the Board, effective August 16. He replaces former chairman and company founder, Gregory J. Yurek, who retired as chief executive officer earlier this year. Wood, 67, has been an independent director of AMSC since 2006. Prior to joining AMSC’s Board, Wood was chief executive officer of Analogic Corporation, a leading designer and manufacturer of medical imaging and security systems. Before joining Analogic, he held senior executive positions over a 22-year career at Thermo Electron Corporation. Wood is a director for FLIR Systems, Inc. and ESCO Corporation.

09 Jun 2010

AMSC, HHI Expand Wind Power Alliance

American Superconductor Corporation, a global power technologies company, and South Korea-based Hyundai Heavy Industries Co., Ltd. (Korean Stock Exchange: HHI) announced that they have expanded their strategic alliance to include the joint development of a five megawatt (MW) full conversion wind turbine primarily for use in the burgeoning offshore wind industry. Under the terms of the alliance, the five MW wind turbine design will be jointly developed by HHI and AMSC's wholly-owned AMSC Windtec(TM) subsidiary. Once HHI begins volume production of the wind turbines, which is expected to commence by the end of 2011, HHI will purchase power electronic components for the five MW wind turbines from AMSC.

16 Dec 2009

McGahn President and COO of AMSC

American Superconductor Corporation (NASDAQ: AMSC), a global power technologies company, announced that Daniel P. McGahn has been promoted to the position of President and Chief Operating Officer. In this role, McGahn will be responsible for AMSC’s day-to-day global operations. He will continue to report to AMSC founder and Chief Executive Officer Greg Yurek. McGahn joined AMSC in December 2006 as Vice President, Strategic Planning and Corporate Development. His primary initial objective was to set up and operate AMSC China. McGahn hired and developed the core AMSC China team, including AMSC China’s general manager, drove a strategic site selection process based on customer and supply chain requirements…

08 May 2009

FLIR Systems Elects Wood to Board

FLIR Systems, Inc (NASDAQ: FLIR) announced that John W. Wood, Jr. has been elected to the Board of Directors for a term expiring at the Company's 2010 Annual Meeting of Shareholders. Mr. Wood has also been appointed to serve on the Corporate Governance Committee of the Board of Directors. Mr. Wood served as chief executive officer of Analogic Corporation, a leading designer and manufacturer of medical imaging and security systems, from 2003 to 2006, and is currently a consultant. Prior to joining Analogic, he held senior executive positions over a 22-year career at Thermo Electron Corporation. He served as president of Peek Ltd., a division of Thermo Electron Corporation, and as a senior vice president of the parent company.

22 Apr 2009

New Counter-Mine Technology for Ships

Using a high-temperature technology developed by the Office of Naval Research, the U.S. Navy has successfully launched a new counter-mine tool to protect its fleet at sea. In a time of increasing irregular warfare threats, the Navy has devised and successfully demonstrated a revolutionary technology to help reduce the risk of naval mine strikes to U.S. Navy ships. Installed aboard the USS Higgins (DDG 76) in July 2008, the prototype degaussing coil counters underwater mines utilizing superconducting ceramic materials…

15 Jan 2009

AMSC, Northrop Grumman Superconductor

American Superconductor Corporation (NASDAQ: AMSC), an  energy technologies company, and Northrop Grumman Corporation (NYSE: NOC) announced the successful completion of full-power testing of the world’s first 36.5 megawatt (49,000 horsepower) high temperature superconductor (HTS) ship propulsion motor at the U.S. Navy’s Integrated Power System Land-Based Test Site in Philadelphia. This is the first successful fullpower test of an electric propulsion motor sized for a large Navy combatant and, at 36.5 megawatts, doubled the Navy’s power rating test record. This system was designed and built under a contract from the Office of Naval Research to demonstrate the efficacy of HTS motors as the primary propulsion technology for future Navy all-electric ships and submarines.

29 Jul 2008

American Superconductor and Navy Test HTS on USS Higgins

American Superconductor Corporation, announced that it has supplied critical components to the Office of Naval Research (ONR) and the Naval Surface Warfare Center Carderock Division (NSWCCD) Ship Engineering Station Philadelphia for a high temperature superconductor (HTS) degaussing coil system that has successfully completed initial electrical testing onboard the USS Higgins (DDG 76), an 8,000-ton Arleigh Burke-class destroyer. Powered by AMSC’s HTS wire and magnet cable technology, the coil system will undergo U.S. Navy sea trials over the next two years on the Higgins. Degaussing systems containing multiple tons of copper wire are utilized in most naval ships to cloak their magnetic signature…

25 Aug 2003

American Superconductor Announces Plan for Common Stock Offering

the U.S. to the public. the next two weeks. the company has decided not to pursue. Yurek, chief executive of American Superconductor.

29 Aug 2003

American Superconductor Files Public Offering Registration Statement

American Superconductor Corporation (AMSC), has filed a registration statement with the Securities and Exchange Commission for a proposed public offering of 4,000,000 shares of its common stock. The lead underwriter for the offering will be Needham & Company, Inc. The offering will include an option for the underwriters to purchase up to an additional 600,000 shares to cover over-allotments, if any.

09 Sep 2003

The Lure of the Electric Drive

By Stuart C. Karon and Dr. In the September 2002 issue of Maritime Reporter and Engineering News, a detailed discussion was featured on the advantages of future High Temperature Superconductor (HTS) machinery for propulsion of electric drive ships. • Motors A 5-MW 230-rpm machine for the U.S. Navy's Office of Naval Research (ONR) is undergoing factory tests. ONR is now funding the next step - design, fabrication and factory testing of a 36.5-MW 120-rpm machine to prove the technology at full-scale for warships. • Generators Development of HTS generators has also leapt ahead with the initial production of 10-MVAR synchronous condensers for utility voltage adjusting service. These condensers are very similar in design and operation to 10-MW, 1,800-rpm generators.

15 Sep 2003

American Superconductor Announces Filing of Amendment to Public Offering

4,000,000 shares of its common stock. over-allotments, if any. will serve as co-managing underwriters. The company expects to price the public offering in early October. the Securities and Exchange Commission but has not yet become effective. the time the registration statement becomes effective. qualification under the securities laws of such state. Markets, One Liberty Plaza, 165 Broadway, New York, New York 10006.

06 Dec 2000

Editor's Note

The annual parade of Great Ships in our December edition includes a roster of unique vessels, from the record-setting heavy lift ships Black Marlin and Blue Marlin, to Vasco da Gama, the world’s largest trailing suction hopper dredger. And while these ships — plus the Marine Innovations feature starting on page 38 — help to highlight the industry’s many triumphs over the past 12 months, there are a full-plate of technical and non-technical issues, which will keep the marine industry challenged for many years to come. The complex matter of ship casualties — the causes, environmental ramifications and potential solutions — is now a top-agenda item of many organizations both inside and out of the marine world.

20 Dec 2000

American Superconductor Choses Alstom For Navy Project

American Superconductor announced the selection of Alstom Power Conversion Inc. of Philadelphia as its subcontractor in a program to design an ultracompact high-temperature superconducting (HTS) ship propulsion. The project involves a U.S. Navy Office of Naval Research (ONR) contract for the design and development of high temperature superconducting (HTS) motors for electric ship propulsion. Alstom will be responsible for the design of the stator and drive systems as well as for propulsion system integration motor for the U.S. Navy.

22 Jul 2005

US NAVY: Powering Up With Electric

The development of high-temperature superconductor (HTS) motors for the United States Navy's future all-electric ships has completed a significant milestone: the Navy's initial tests of its 5-MW, 230 rpm concept demonstrator have been satisfactorily completed. The motor, developed by American Superconductor Corporation (AMSC) under a contract with the Office of Naval Research(ONR), validates the potential of HTS technology to reduce the size and weight of marine propulsion motors as well as improve their efficiency in both military and commercial marine propulsion applications. AMSC manufactured the HTS rotor system integrated with a cryogenic refrigeration system.

28 Mar 2007

AMSC Completes Factory Acceptance Testing of Propulsion Motor for Navy

American Superconductor Corporation and its partner, Northrop Grumman announced the completion of factory acceptance testing for the world's first 36.5 megawatt (49,000 horsepower) high temperature superconductor (HTS) ship propulsion motor at Northrop Grumman's facility at the Philadelphia Naval Business Center. This is the final milestone before the Navy takes possession of the motor. The motor was designed, developed and manufactured under a contract from the U.S. Navy's Office of Naval Research (ONR) to demonstrate the efficacy of HTS primary- propulsion-motor technology for future Navy all-electric ships and submarines. The power and torque of this HTS motor is comparable to the requirements for the Navy's new Zumwalt class of destroyers, known as DDG 1000.

28 Feb 2007

AMSC Continues Sales Growth in Wind Energy Market

American Superconductor Corporation has received new orders for its D-VAR voltage regulation systems for wind farms in Northern Ireland and Texas. With these additional orders, AMSC now has an installed base and orders for D-VAR and PowerModule solutions to serve more than 2,900 megawatts (MW) of wind power worldwide - nearly triple the amount served by AMSC 12 months ago. According the British Wind Energy Association, the installed base of wind generated electricity in the United Kingdom rose 48 percent in 2006 to 1,963 MW. Stankiewicz noted that the new Texas wind farm installation for which the company received a D-VAR order was determined by the local transmission grid owner to require dynamic reactive support to maintain voltage stability when the wind farm is connected to the grid.

13 Jan 2006

Northrop Grumman Team to Design Power Generators for Navy Ships

A Northrop Grumman Corporation led team has been selected by the Naval Sea Systems Command(NAVSEA) to begin a design of a 40-megawatt (MW) high-temperature superconductor (HTS) generator intended to provide a smaller, lighter and quieter main power source for future surface combatants. cooling selection. 40-MW high-temperature superconductor generator. Sunnyvale, Calif. generator.

27 Apr 2006

AMSC Gets $13.3M Amendment from ONR

American Superconductor Corporation (NASDAQ:AMSC) has finalized an additional contract amendment with the United States Navy's Office of Naval Research (ONR). Under the terms of the amendment, the ONR has approved a $13.3 million increase to AMSC's contract for the design, manufacture and shipment of a factory-tested 36.5-megawatt (MW) (49,000 horsepower) high temperature superconductor (HTS) propulsion motor for electric warships. The amendment adds $13.3 million to AMSC's backlog, all of which is expected to be recognized as revenue by the end of calendar 2006. AMSC expects to deliver the 36.5-MW motor to the Navy test facility in Philadelphia in September 2006.

13 Jul 2006

American Superconductor Wins $1.3m DoD Contract

American Superconductor Corporation has received a $1.3 million contract extension for its second generation (2G) high temperature superconductor (HTS) wire from the U.S. Department of Defense (DOD). The contract was awarded by the Office of Naval Research (ONR) and funded by the Defense Advanced Research Projects Agency (DARPA). This most recent extension represents the sixth contract or contract extension American Superconductor has received for 2G HTS wire development over just the last 10 months and brings the total dollar amount of all AMSC government contracts and contract extensions for this purpose to approximately $8.1 million in that timeframe.

13 Jul 2006

$1.3M Contract Extension for AMSC

American Superconductor Corporation received a $1.3m contract extension for its second generation (2G) high temperature superconductor (HTS) wire from the U.S. Department of Defense (DOD). The contract was awarded by the Office of Naval Research (ONR) and funded by the Defense Advanced Research Projects Agency (DARPA). This most recent extension represents the sixth contract or contract extension American Superconductor has received for 2G HTS wire development over just the last 10 months and brings the total dollar amount of all AMSC government contracts and contract extensions for this purpose to approximately $8.1m in that timeframe.

25 Oct 2006

American Superconductor Wins $5.3m NAVSEA Contract

American Superconductor has signed a cost-plus-fee contract valued at $5.3m with the United States Navy's Naval Sea Systems Command (NAVSEA) for the design and optimization of high temperature superconductor (HTS) ship propulsion motors and power electronic drives. The first $1.9 million increment of funding that has been allotted for this contract will focus on motor, drive and electrical system options that are optimized for possible system integration into later flights of DDG-1000 and CG(X) surface combatant ships. This initial stage of the contract is expected to be completed in the next six months. American Superconductor is currently…

25 Oct 2006

AMSC Wins Navy Contract

American Superconductor Corporation (AMSC) signed a contract valued at $5.3m with the U.S. Navy's Naval Sea Systems Command (NAVSEA) for the design and optimization of high temperature superconductor (HTS) ship propulsion motors and power electronic drives. allotted for this contract will focus on motor, drive and electrical system options that are optimized for possible system integration into later flights of DDG-1000 and CG(X) surface combatant ships. This initial stage of the contract is expected to be completed in the next six months. ”This first in what we are confident will be a series of contracts from the United States Navy…