American Superconductor Receives Orders

Monday, March 31, 2003
American Superconductor Corporation has received orders for 279 miles of high temperature superconductor (HTS) wire during its fourth fiscal quarter. This is the largest amount of wire orders the company has received in one quarter. Orders received during the fourth quarter were from 11 different customers from four countries for multiple applications including motors, generators, power cables, industrial processing equipment and specialty electromagnets. AMSC delivered 88 km of the new wire orders in the quarter ending today and expects to deliver an additional 168 km from this backlog during the fiscal year ending March 31, 2004. The remainder will be backlog for the following fiscal year. Eric Snitgen, vice president and general manager of AMSC Wires, the company's business unit responsible for developing and manufacturing HTS wires, said the company has good visibility to orders for at least another 120 km of HTS wire in the first fiscal quarter ending June 30, 2003, with over half of those orders to be delivered by end of March 2004. "AMSC's commitment to manufacturing high quality, high performance HTS wire in commercial quantities at commercial prices is being recognized by the marketplace," said Snitgen. "Our wires meet a wide range of customer specifications for multiple applications, and our manufacturing capability allows us to deliver significant quantities of wire with an excellent turnaround time. Our new plant is designed for just-in-time expansion so we are able to increase our capacity to meet growth in demand."

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Allcargo Groups Subsidiaries as ECU Worldwide

ECU Line, Econocaribe and China Consolidators undergoes rebranding to build a Global Brand Connect   India’s integrated logistics solution provider Allcargo Logistics

Damen Opens US Office

Damen Shipyards Group has announced the opening of a new branch office in Houston, Texas. This expansion, under the name of Damen North America, meets the increasing

French PM: Aussie Subs to be built in Australia

French Prime Minister Manuel Valls said on Monday he was committed to building all of a new Australian submarine fleet in Australia, apparently contradicting the

Tanker Trends

TEKEVER Develops Vessel Tracking for Small UAS

TEKEVER will present at Xponential/AUVSI its new vessel detection capabilities for its UAS product lines. Available for TEKEVER’s AR3 and AR4 product lines, the

MOL's LNG Carrier KUMUL Delivered

Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) announced the delivery of the LNG carrier KUMUL at Hudong-Zhonghua Shipbuilding (Group) Co.

NAT Acquires Four 150,000dwt Tankers

Nordic American Tankers Limited ("NAT" or the "Company") announced today that it has entered into an agreement to acquire four existing Suezmax sister vessels built in Japan at a world-class shipyard.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Naval Architecture Pipelines Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0863 sec (12 req/sec)