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 Reporter March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

US Navy: Future USS John Finn (DDG 113) Launched

The future USS John Finn (DDG 113) was launched at the Huntington Ingalls Industries (HII) shipyard March 28.  During launch the drydock was flooded allowing the

WISTA AGM to Address Emerging Shipping Challenges

WISTA USA (Women’s International Shipping and Trading Association) is putting the final touches on a high-profile speaker line-up that will headline its upcoming

WOW at USMMA

The United States Merchant Marine Academy Hosts 7th Annual Women on the Water Conference. Last week, The United States Merchant Marine Academy (USMMA) in conjunction with the U.

Tanker Trends

Maersk to Install Transas ECDIS on 100 Vessels

Maersk Line, the world's largest container company, has selected Transas Marine for ECDIS implementation on more than 100 vessels, Transas announced today. The

Rotterdam Gate LNG Terminal Expansion Started

Dutch gas network operator Gasunie and tank storage service provider Vopak said on Monday that the expansion of their Gate liquefied natural gas (LNG) terminal in Rotterdam has begun.

ECDIS to be Installed on 100 plus Maersk Vessels

Maersk Line selected Transas Marine for  ECDIS implementation on  more than 100 vessels.   The contract features Transas state-of-the-art Navi-Sailor ECDIS 4000

 
 
Maritime Contracts Maritime Standards Navigation Offshore Oil Pod Propulsion Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.2320 sec (4 req/sec)