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."