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American Superconductor Appoints Thomas Rosa to Posts of Chief Financial Officer and Treasurer

Westborough, MA, Mar. 21: American Superconductor Corporation (Nasdaq: AMSC), a leading energy technologies company, today announced that Thomas Rosa, currently Vice President of Finance and Accounting and Corporate Secretary, has been appointed by the Board of Directors effective immediately to the position of Vice President, Chief Financial Officer and Treasurer. Mr. Rosa will have primary responsibility for all aspects of financial management, control, reporting and planning for the company.

Mr. Rosa, who had been serving as interim Chief Financial Officer since March 10, has more than 20 years of financial management experience. He joined American Superconductor in 1992 as Corporate Controller and was elected Chief Accounting Officer and Assistant Secretary in 1998. In 2003, he was named Vice President of Finance and Accounting and in 2004 was appointed Corporate Secretary. Prior to joining AMSC, Mr. Rosa spent 10 years in a variety of financial management positions at Prime Computer, Wang Laboratories and Lockheed Sanders, most recently as Division Controller at Prime Computer.

"We are delighted to promote Tom to the position of Chief Financial Officer and Treasurer," said Greg Yurek, Chief Executive Officer. "Tom has made very solid contributions to AMSC as a member of the management team during his 14 years with the company, he has built a strong team of financial and accounting professionals, and his deep experience in the HTS industry will continue to be of tremendous value in the development and implementation of our growth strategies."

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