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

People & Company News

LNG Vessel with Wartsila Integrated Solutions Delivered to Evergas

The first in a series of 27,500 cbm 'Dragon' class vessels ordered by Evergas, a world renowned owner and operator of seaborne petrochemical and liquid gas transport vessels,

Executive Changes at Transocean

Transocean Ltd. today announced that, as mutually agreed with the company, Esa Ikaheimonen is stepping down as Executive Vice President and Chief Financial Officer effective immediately.

BMT, Endeavour Energy Win Africa’s LNG Import Terminal Contract

BMT Asia Pacific (BMT), a subsidiary of BMT Group Ltd, has been appointed Owners Engineer and lead design consultant by Endeavour Energy for the development

Tanker Trends

LNG Vessel with Wartsila Integrated Solutions Delivered to Evergas

The first in a series of 27,500 cbm 'Dragon' class vessels ordered by Evergas, a world renowned owner and operator of seaborne petrochemical and liquid gas transport vessels,

Bahri Orders VLCC Newbuilds

Bahri ordered five newbuild very large crude carriers from Hyundai Samho Heavy Industries   The National Shipping Company of Saudi Arabia (Bahri) today signed

Tankers Switch to Digital Navigation

In July 2015 international regulation requires all tankers to be compliant with IMO rules for the use of ECDIS and ENCs. As many shipping companies start planning

 
 
Maritime Contracts Maritime Security Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Winch
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: 0.1330 sec (8 req/sec)