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American Superconductor Files Public Offering Registration Statement

Maritime Activity Reports, Inc.

August 29, 2003

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.

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