Superconductor Technologies to Present at the 2017 European Conference on Applied Superconductivity Sept. 17th to 21st
Source: Nasdaq GlobeNewswire / 12 Sep 2017 06:30:16 America/New_York
AUSTIN, Texas, Sept. 12, 2017 (GLOBE NEWSWIRE) -- Superconductor Technologies Inc. (STI) (Nasdaq:SCON) will participate in the Scientific Program of the European Conference on Applied Superconductivity (EUCAS) being held in Geneva, Switzerland.
The Conductus® HTS wire program technical lead, Dr. Jeong Huh, will present “2G HTS Coated Conductors Buffer Stack Architecture Improvements at STI” during the 2MO4-11: Progress in HTS Conductor Industry oral session on Tuesday, Sept. 19th at 3:20 p.m. local time (9:20 a.m. ET) in CICG Room 3+4. Dr. Huh will review STI’s technology update and provide information on Conductus® wire production scale-up milestones and its future product roadmap that integrates improved performance for magnet applications as planned for next generation machines electrical machines.
“EUCAS offers an ideal environment to build on our relationships with our customers and strategic partner the Robinson Research Institute, as well as new potential customers that are seeking a reliable supply of high performance wire to commercialize their products,” said Adam Shelton, STI’s VP of Marketing and Product Line Management. “Near-term market opportunities include fault current limiter, magnet and power transmission cable products. Also, we are excited that EUCAS is featuring scientific programs on innovative designs for utilizing superconducting technology for greener, more energy efficient aircraft transport and on fusion reactors for generating lower cost, clean energy in the future. STI’s proprietary RCE-CDR fabrication process produces wire with superior infield magnetic performance and other differentiating capabilities making it ideal for many of these transformative applications.”
EUCAS brings together the scientists, research and industrial communities from around the world. The forum provides an ideal platform to share knowledge and the most recent advances in all areas of applied superconductivity: from large-scale applications to miniature electronics devices, with a traditional focus on advanced materials and conductors. EUCAS is a biannual event aimed at bringing out the most recent scientific developments in the investigation of superconducting materials, and at fostering discussion on new potential applications of superconductivity and on technology transfer to industry. More information can be found at: http://eucas2017.org/2017/
About Superconductor Technologies Inc. (STI)
Superconductor Technologies Inc. is a global leader in superconducting innovation. Its Conductus® superconducting wire platform offers high performance, cost-effective and scalable superconducting wire. With 100 times the current carrying capacity of conventional copper and aluminum, superconducting wire offers zero resistance with extreme high current density. This provides a significant benefit for electric power transmission and also enables much smaller or more powerful magnets for motors, generators, energy storage and medical equipment. Since 1987, STI has led innovation in HTS materials, developing more than 100 patents as well as proprietary trade secrets and manufacturing expertise. For more than 20 years STI utilized its unique HTS manufacturing process for solutions to maximize capacity utilization and coverage for Tier 1 telecommunications operators. Headquartered in Austin, TX, Superconductor Technologies Inc.'s common stock is listed on the NASDAQ Capital Market under the ticker symbol “SCON.” For more information about STI, please visit http://www.suptech.com.
Safe Harbor Statement
Statements in this press release regarding our business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. Forward-looking statements are not guarantees of future performance and are inherently subject to uncertainties and other factors, which could cause actual results to differ materially from the forward-looking statements. These factors and uncertainties include, but are not limited to: our limited cash and a history of losses; our need to materially grow our revenues from commercial operations and/or to raise additional capital (which financing may not be available on acceptable terms or at all) in the very near future, before cash reserves are depleted (which reserves are expected to be sufficient into the first quarter of 2017), to implement our current business plan and maintain our viability; the performance and use of our equipment to produce wire in accordance with our timetable; overcoming technical challenges in attaining milestones to develop and manufacture commercial lengths of our HTS wire; the possibility of delays in customer evaluation and acceptance of our HTS wire; the limited number of potential customers and customer pressures on the selling prices of our products; the limited number of suppliers for some of our components and our HTS wire; there being no significant backlog from quarter to quarter; our market being characterized by rapidly advancing technology; the impact of competitive products, technologies and pricing; manufacturing capacity constraints and difficulties; the impact of any financing activity on the level of our stock price; the dilutive impact of any issuances of securities to raise capital; the steps required to maintain the listing of our common stock with a U.S. national securities exchange and the impact on the liquidity and trading price of our common stock if we fail to maintain such listing; the cost and uncertainty from compliance with environmental regulations; and local, regional, and national and international economic conditions and events and the impact they may have on us and our customers.
Forward-looking statements can be affected by many other factors, including, those described in the "Business" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of STI's Annual Report on Form 10-K for the year ended December 31, 2016 and in STI's other public filings. These documents are available online at STI's website, www.suptech.com, or through the SEC's website, www.sec.gov. Forward-looking statements are based on information presently available to senior management, and STI has not assumed any duty to update any forward-looking statements.