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January
2006
American
Superconductor High Temperature Superconductor Power Grid
Product Enters Manufacturing Phase
Westborough, MA, Jan. 30: American Superconductor Corporation (NASDAQ:
AMSC), a leading electricity solutions company, and the Tennessee Valley
Authority (TVA), the nation's largest public power provider, today announced the
start of production of two SuperVAR(R) dynamic synchronous condensers. AMSC's
SuperVAR dynamic synchronous condenser is a new product that stabilizes grid
voltages, increases service reliability, and can help maximize transmission
capacity. These two SuperVAR systems are expected to be the world's first
commercial high temperature superconductor product to be utilized on the grid.
AMSC expects to ship the first of the two SuperVAR machines in late 2006, with
the second system to be shipped in early 2007. TVA retains an option to purchase
three additional SuperVAR machines.
more>>
Intermagnetics Declares 3-for-2
Stock Split
Latham, NY, Jan. 26: Intermagnetics
General Corporation (NASDAQ:
IMGC) today
announced that its Board of Directors has declared a three-for-two split of its
common stock. The split, to be completed in the form of a 50 percent stock
dividend, will be payable on February 21, 2006, to shareholders of record on
February 6, 2006. Shareholders will receive one additional share of
Intermagnetics' common stock for every two shares held on the record date.
more>>
Varian
Reports Better Than Expected First Quarter
Palo Alto, CA, Jan. 25: Varian, Inc. (NASDAQ:
VARI)
reported first quarter 2006 net earnings of $9.7 million, or $0.30 diluted
earnings per share, compared to $11.7 million, or $0.33 diluted earnings per
share, in the first quarter of fiscal year 2005. During the period, the company
adopted the provisions of FAS 123(R), resulting in a $2.0 million share-based
compensation expense. This reduced net earnings for the first quarter by $1.3
million, or $0.04 per diluted share. The company's results for prior periods do
not include compensation expense relating to stock options or shares issued
under the company's employee stock purchase plan.
more>>
American Superconductor
Announces First Sales of Second Generation (2G) High Temperature Superconductor
Wire
Westborough, MA, Jan. 24: American Superconductor
Corporation (NASDAQ:
AMSC)
, a leading electricity solutions company, today announced it has booked orders
for the first 2,500 meters of second generation (2G) high temperature
superconductor (HTS) wire (also known as "344 superconductors") from 18
customers in seven countries (U.S., China, Germany, Japan, Korea, New Zealand
and Switzerland). The first 1,000 meters of 344 superconductors were shipped to
customers by December 31, 2005 at an average selling price of $100 per meter.
Customers expect to utilize the 344 superconductors to characterize its
properties and performance and to make the first prototype power devices such as
fault current limiters, cables, motors and electromagnets.
more>>
Three Students Take Top Honors
in Student Superconductivity Symposium
Houston, TX, Jan. 23: Fostering
multidisciplinary research with projects ranging from those that impact the
communications field to improving the fabrication of integrated circuitry used
in data storage and biosensors, the 30th Semiannual Texas Center for
Superconductivity at the University of Houston (TcSUH) Student Symposium
recently showcased original research from UH science and engineering students.
more>>
Ad Astra Rocket Co. to
Commercialize Advanced NASA Rocket Concept
Houston, TX, Jan. 23: NASA has signed an agreement with Houston-based Ad Astra
Rocket Co. that paves the way for commercialization of a promising advanced
plasma rocket system that has evolved over the past 25 years. The Variable
Specific Impulse Magnetoplasma Rocket (VASIMR) is a type of propulsion system
that produces a plasma exhaust at temperatures similar to those in the interior
of the sun. The system may generate rocket thrust with performance hundreds of
times higher than that of present chemical rockets. The increased performance
could mean dramatic reductions in fuel requirements.
more>>
American Superconductor Recieves
D-VAR Order from Lake Bonney Wind Power
Westboroughg, MA, Jan. 17:
American Superconductor Corporation (NASDAQ:
AMSC) , a leading electricity solutions company, received an order for two
D-VAR(R) voltage regulation systems from Lake Bonney Wind Power Pty Ltd. (LBWP),
through its operator, National Power Company, an independent renewable energy
project developer based in San Francisco and Sydney. The D-VAR systems will be
installed in two phases at the Lake Bonney II wind project located near
Millicent, South Australia in Australia. The D-VAR systems will provide dynamic
and steady state voltage support required to meet Australian grid
interconnection requirements.
more>>
$13-Million
Contribution Enables Full RHIC Run in FY06
Upton, NY, Jan 13: A group of partners at
Renaissance Technologies Corporation and members of the Board of Directors of
Brookhaven Science Associates (BSA) have made a remarkably generous contribution
to the Stony Brook Foundation. The Stony Brook Foundation plans to use this
contribution to enter into a Work for Others agreement with BSA to enable the
operation of RHIC
(Relativistic Heavy Ion Collider) this fiscal year.
more>>
Texas Center for
Superconductivity at UH Expands Efforts
Houston, TX, Jan. 9:
The Texas Center for Superconductivity at the University of Houston (TcSUH),
internationally recognized for its multidisciplinary research and development of
high temperature superconductors (HTS) and related materials, has announced a
major reorganization and new national and international initiatives.
more>>
Superconductor Technologies
Inc. Announces Preliminary Fourth Quarter and Full Year Revenues
Santa Barbara, CA, Jan. 9: Superconductor Technologies Inc. (NASDAQ:SCON)
("STI"), a leading provider of high performance infrastructure products for
wireless voice and data applications, today announced its preliminary revenue
for the fourth quarter and year ended December 31, 2005.
more>>
American Superconductor Awarded $10 Million Contract
Amendment by United States Navy Office of Naval Research
Westboroughh, MA, Jan. 9: American Superconductor Corporation (NASDAQ:AMSC)
, a leading electricity solutions company, today announced that it has finalized
a contract amendment with the United States Navy's Office of Naval Research (ONR).
Under the terms of the amendment, the ONR has approved 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.
more>>
IEEE
Spectrum Selects American Superconductor's SuperVAR Synchronous Condenser as a
Winning Product for 2006
Westborough, MA, Jan. 5:
American Superconductor Corporation (NASDAQ:
AMSC), a leading
electricity solutions company, today announced that its high temperature
superconductor (HTS) SuperVAR synchronous condenser has been selected by the
editors of IEEE Spectrum as one of the "Best Technology Projects of 2006." IEEE
Spectrum, one of the world's most prestigious and influential technology
publications, is the flagship publication of the IEEE, the world's largest
professional technology association.
more>>
Intermagnetics' SuperPower Subsidiary Awarded $10.7
Million Contract
Latham, NY, Jan. 4: Intermagnetics General Corporation's (NASDAQ:IMGC)
Energy Technology subsidiary, SuperPower, Inc., today announced that it has been
awarded a $10.7 million follow-on contract from the U. S. DOD Title III program
to partially underwrite the cost of R&D for 2G HTS wire development. The Title
III program was established by the DOD, and is co-funded by the U. S. DOE, with
the objective of developing domestic 2G HTS wire manufacturing capability that
can provide sufficient high performance wire quantities for near-term military
and commercial applications.
more>>
Intermagnetics Reports Solid
Increases in Q2 Revenue, Net Income
Latham, NY, Jan. 3, Intermagnetics General
Corporation today reported that second-quarter normalized net income from
operations increased 25 percent to $8.5 million, or $0.30 per diluted share,
from $6.8 million, or $0.24 per diluted share, a year earlier. Reported net
income increased to $6.8 million, or $0.24 per diluted share, from $4.1 million
or $0.15 per diluted share. Revenues for the quarter ended November 27, 2005,
climbed about 18 percent to $78.1 million from $66.2 million.
more>>
New technology developed at Barrow
Neurological Institute enhances MRI capabilities
Phoenix,
AZ, Jan. 4: Researchers at
Barrow Neurological Institute
in Phoenix have
developed a new method that allows technicians to obtain clearer Magnetic
Resonance Imaging (MRI) scans with less sensitivity to patient motion.
more>>
American Superconductor Awarded $5.35 Million Department of Defense Follow-on Contract for Acceleration of Manufacturing of Second Generation High Temperature Superconductor Wire
Westborough, MA., Jan. 3: American Superconductor Corporation, a leading electricity solutions company, today announced that it has been awarded a $5.35 million follow-on contract from the Department of Defense
Title III Program for accelerating the scale-up of its manufacturing of second generation
high temperature superconductor wire. The Title III program was established by the DOD, and is supported by the Department of Energy, with the objective of developing a United States-based 2G HTS wire manufacturing capability that can provide sufficient wire quantities for near-term military and commercial applications.
more>>
Department
of Defense Awards HTS Contracts to American Superconductor and Superpower, Inc
Washington, DC, Dec. 28: American Superconductor
Corp. is being awarded a $13,557,500 cost reimbursement with cost share contract modification. Superpower
Inc. is being awarded a $10,697,440 cost reimbursement with cost share contract modification.
more>>
Energy Department Requests Proposals for Advanced Scientific Computing Research
Washington, DC, Dec. 27: The Department of Energy’s Office of Science and the National Nuclear Security Administration (NNSA) have issued a joint Request for Proposals for advanced scientific computing research. DOE expects to fund $67 million annually for three years to five years under its Scientific Discovery through Advanced Computing (SciDAC) research program.
more>>
Science's
Breakdown of the Year: US Particle Physics
Washington, DC, Dec. 22: With the cancellation of two major experiments and talk of an early closing for one of the three existing particle colliders, U.S. particle physics is Science's breakdown of 2005. As the U.S. program founders, particle physics research around the world could suffer. A bit of good particle physics news did emerge in 2005, however – researchers around the world remain committed to building the International Linear Collider, a multibillion-dollar global facility that may be the key to the future of particle physics.
more>>
Ultracold Test Produces Long-Sought Quantum Mix: Unbalanced Superfluid Could be
Akin to Exotic Matter Found in Quark Star
Houston, TX, Dec. 22: In the bizarre and rule-bound world of quantum physics, every tiny spec of matter has something called "spin" - an intrinsic trait like eye color - that cannot be changed and which dictates, very specifically, what other bits of matter the spec can share quantum space with. When fermions, the most antisocial type of quantum particle, do get together, they pair up in a wondrous dance that enables such things as superconductivity.
more>>
Spallation Neutron Source Amazing Science Facts
Oak Ridge, TN, Dec. 22: The New Year is bringing the science community a grand present: The Spallation Neutron Source at Oak Ridge National Laboratory. On schedule for completion in 2006, the Department of Energy's new science facility will provide researchers with the world's most powerful and most advanced tool for analyzing a host of materials with neutrons.
more>>
Superconductor Fault Current Limiter Successfully Demonstrated for First Time in China Power Grid
Westborough, MA, Dec. 20: American Superconductor Corporation, a leading electricity solutions company, and China's Institute of Electrical Engineering (IEE) today announced that IEE has successfully demonstrated a superconductor-based fault current limiter -- essentially a high voltage surge protector -- for the first time in a power grid in China.
Since August 2005, IEE's fault current limiter device has successfully suppressed large spikes of current in the grid that were over five times the normal levels.
more>>
Probing
the Universe: New Acceleration for New Science at the Cockcroft Institute
Warrington, UK, Dec 19: The Cockcroft Institute today announces two
important milestones in its development as an international centre for research
and development (R&D) in Accelerator Science and Technology. Thus a major
enhancement of the UK's research thrust in the fundamental science of the
structure of matter and the origin of the Universe is nearly in place in
England's Northwest at the Daresbury International Science Park.
more>>
Another
World-Record Achievement for National High Magnetic Field Laboratory
Tallahassee, FL, Dec. 14: The National High Magnetic Field Laboratory is ending its year with another achievement of international importance as engineers and technicians this week completed testing of a world-record magnet.
With the completion of a new, 35-tesla magnet, the highest-field "resistive" magnet in the world is located at the Tallahassee facility. The state-of-the-art magnet, which incorporates "Florida-Bitter" technology invented at the lab, was designed and built on-site and is immediately available for research.
more>>
CardioMag Confirms Trading on London's Stock Exchange Schenectady,
NY, Dec. 14: CardioMag Imaging, Inc., the developer of a new non-invasive Magnetocardiograph ("MCG") heart function visualization product for the
cardiology community, announced today that its common stock has been admitted to trading on the AIM Market of the London Stock Exchange.
more>>
ARKeX Raises 5.5 Million Pounds Sterling to Accelerate Production of Revolutionary Survey Technology
Cambridge, England, Dec. 14: ARKeX, developer of proprietary gravity gradiometry technology, has clinched a deal with Chesapeake Energy, one of the largest independent gas producers in the United States, to use its pioneering full tensor gravity gradiometer,
FTGeX, to identify promising geological structures in the U.S. Mid-continent area.
ARKeX, which has a world-class management team with vast experience in instrumentation, exploration geology and signal processing, is also making major strides in the development of its next generation proprietary technology, the EGG, which will be the world's first commercial superconducting gravity gradiometer.
more>>
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