American Superconductor Corporation News

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.

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.

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…

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.

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…

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

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.

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.

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.

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.

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.

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.

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…

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.

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.

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.

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.

American Superconductor Corporation announced that it has finalized a contract amendment with the United States Navy's Office of Naval Research (ONR). Contract terms include an approval for a $10 million increase to AMSC's contract to design and build a 36.5 megawatt (MW) high temperature superconductor (HTS) propulsion motor for electric warships. The amendment adds $10 million to AMSC's backlog. AMSC also expects an additional contract modification to be completed by ONR within the next few months, to increase AMSC's backlog by an additional $7-10 million. AMSC expects to deliver the 36.5MW motor to the Navy test facility in Philadelphia in September 2006.

U.S. Navy's Office of Naval Research (ONR) to continue the design and development of high temperature superconducting (HTS) motors and related subsystems for electric ship propulsion. The company expects to complete this contract within the next nine months, and anticipates receiving additional contracts from the Navy leading to initial sea trials of an HTS propulsion system by the end of 2003. The latest contract calls for the design and fabrication of components for pod-contained, HTS propulsion motors. Propulsion thrusters comprise hydrodynamically shaped pods that contain an electric motor to drive a propeller. motors. Attached to the external hull of a ship, they look very much like an aircraft engine attached to the wing of an airplane and serve a similar purpose.

Throughout the history of shipbuilding, the key challenge too often has been how to build the right ship around a given propulsion system, rather than creating tailored propulsion system for the ship. That was true when the best propulsion "engines" available were sails, and it is also true for today's diesel, gas turbine and electric hybrid systems as well. The ideal, of course, is to allocate cargo space, cabin space, the shape of propulsion units, and even the shape of the ship's itineraries around the needs of the marketplace rather than around the limitations imposed by the ship's propulsion system. Factors that remain in the path of that ideal include the underlying efficiency across a broad operational range with which chemical energy is turned into mechanical energy…

American Superconductor Corporation has reported financial results for the first quarter of fiscal 2004 ended June 30, 2003. revenues of $2.9 million for the first quarter of fiscal 2003. million, or $0.53 per share, for the same period last year. quarter. recognized as revenue over the remainder of fiscal 2004. debt. million. reduce its cash burn rate year-over-year. years," said Yurek. company's workforce. by 36% over the last 16 months. controllable expenses and capital equipment purchases. this fiscal year.

American Superconductor Corporation CEO Greg Yurek is scheduled to present at the International Superconductivity Industry Summit (ISIS), a gathering of top organizations from around the world involved in the development and commercialization of superconductor technology. The theme of this year's conference is "Keys Toward Commercialization." Yurek will speak at the 11th annual summit, held this year in Tokyo, on the topic of High Temperature Superconductor (HTS) technologies in electric power applications. He will address the performance of today's HTS wires and the manufacturing capacity to produce them. In particular, he will cover key market opportunities for HTS applications and progress towards their commercialization.

American Superconductor Corporation announced it has been selected by the U.S. propulsion motor for electric warships. Corporation, to optimize the design, integration and testing of the HTS propulsion motor for integration into electric warships. in the company's history. 2003, is expected to be approximately $24 million. Rear Admiral Jay M. aircraft. "The U.S. Navy is going electric," said Admiral Cohen. to electric this decade. and switchgear. approximately one-third the weight of a conventional copper-based motor. the Navy in 37 months. 48,667-shaft horsepower.