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news release:
Frost & Sullivan Selects American Superconductor As Recipient Of 2006
Enabling Technology Award
San Antonio, TX, 15 February 2007: Frost &
Sullivan selected
American Superconductor
as the recipient of the 2006 Enabling Technology Award in the transmission and
distribution (T&D) equipment market in recognition of the company’s outstanding
efforts in globally developing high temperature superconductor (HTS) wire and
applications.
“The worldwide HTS market is at the advanced
stage that it is today because of the successful, persistent efforts of American
Superconductor. AMSC’s innovative technologies and product development efforts
along with its market leadership have blazed a trail in the expanding global HTS
market,” says Frost & Sullivan Research Analyst Subramanian Jayaraman. “This
award, which was made after considering all of the key HTS wire competitors
worldwide, recognizes AMSC’s market leadership and its continual technical
innovation and excellence.”
American Superconductor is a company with many
firsts in the HTS industry. In 2002, AMSC opened the commercial-scale HTS wire
manufacturing facility and has sold HTS wire to over 90 customers in 20
countries for use in the development of a wide array of applications. With its
patented 2G HTS wires known as “344 superconductors,” which have recently
attained commercial-level performance in long lengths using a scalable, low-cost
process, AMSC is also one of the world’s leading companies in the migration to
the commercial production of 2G wires. AMSC expects to ship the commercial HTS
grid reliability product – a SuperVAR synchronous condenser – in December 2006
to Tennessee Valley Authority (TVA), AMSC is also the prime contractor and HTS
wire supplier for a project to install the world’s first transmission voltage
HTS power cable in a commercial grid, which is expected to be commissioned in
the spring of 2007 on Long Island for Long Island Power Authority. And AMSC and
Northrop Grumman expect to deliver the world’s first 36.5-megawatt (49,000
horsepower) HTS ship propulsion motor to the U.S. Navy this fall, which the
companies believe will be the motor of choice for use in next generation naval
warships.
“American Superconductor has pioneered the
development of HTS technologies and in the creation of HTS products designed for
the benefit of customers in the utility, alternative energy, industrial and
military sectors, among others,” said Greg Yurek, CEO of American
Superconductor. “The tremendous benefits of HTS wire have long been apparent,
and we are now selling to early adopters in the commercial market. We are
honored to be recognized for our leadership by Front & Sullivan and will strive
to maintain our competitive lead in terms of both the performance and the price
of our HTS solutions.”
Each year, Frost & Sullivan presents the Enabling
Technology Award to a company that has developed a technology that can benefit
or revolutionize the industry. The Award recipient has developed a system or
enabling component of a system that removes a significant stumbling block in the
development of technology.
Frost & Sullivan Best Practices Awards recognize
companies in a variety of regional and global markets for demonstrating
outstanding achievement and superior performance in areas such as leadership,
technological innovation, customer service, and strategic product development.
Industry analysts compare market participants and measure performance through
in-depth interviews, analysis, and extensive secondary research in order to
identify best practices in the industry.
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