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AMSC Receives Order from Dongfang Steam Turbine Works to Develop and Deploy 2.5
Megawatt Wind Energy Systems
Shanghai, China, 10 April, 2007:
American Superconductor
Corporation (NASDAQ:
AMSC), a leading energy technologies company, announced today at the
China Wind Energy
Exhibition and Symposium that it has received its third multi-million-dollar
wind energy system development contract from a Chinese company in the past
several months. Under the terms of the contract, AMSC's wholly-owned Windtec(TM)
subsidiary will develop a portfolio of 2.5 megawatt (MW) wind energy systems for
Dongfang Steam Turbine Works Corporation (DTC) of China.
Founded in 1966, DTC is one of China's largest
steam turbine manufacturers and one of the top four wind energy system
manufacturers in China. In addition to development work, Windtec will provide
project management during assembly and installation of the first prototype. As
is the case with its other licensing and development contracts, AMSC has a right
of first refusal to sell all future 2.5 MW wind turbine electrical systems to
DTC.
"One of the best ways to help satisfy China's
growing needs for energy is with zero-emission wind generated electricity," said
Wang Wei Min, vice general manager and chief engineer of DTC. "DTC has built a
substantial presence in China's wind power market and is now looking to increase
its market share through the production of higher power systems. By working with
an innovative organization like AMSC's Windtec, we can begin producing these
units quickly and cost effectively."
With 7,000 employees, DTC is one of the top 100
machinery builders in the country and a key equipment provider in Sichuan
Province of China. DTC entered the wind power market in 2004 with the production
of 1.5 MW systems. The company plans to commence series production of its new
2.5 MW systems by the end of 2009.
"With its decades of leadership in the Chinese
power market and its position as one of China's largest producers of wind energy
systems, we believe Dongfang Steam Turbine Works is strongly positioned for
growth in the Chinese wind energy market," said Greg Yurek, founder and chief
executive officer of AMSC. "Our Windtec subsidiary is ideally suited to help
customers such as DTC who want to quickly begin manufacturing reliable,
high-power wind energy systems in their country rather than import wind energy
systems from others."
To learn more about AMSC's capabilities in
China's wind power market, please visit the company (Booth #081 & 082) at the
China Wind Energy Exhibition and Symposium from April 10-12 in Shanghai.
About Dongfang Steam Turbine Works
Relying on its own technological strength and
wide cooperation with international partners, Dongfang Steam Turbine Works has
become one of the leading power equipment producers in China. Located in Deyang,
Sichuan Province, the company is one of the top three turbine manufacturers and
one of the top 100 machinery builders in China. DTC has grown into a large
enterprise with total assets of more than 8 billion yuan (US$1 billion), 7,000
employees and land area of 1.37 square kilometres. More information is available
at www.dfstw.com.
About AMSC
AMSC (American Superconductor Corporation -
NASDAQ: AMSC) is a leading energy technologies company. The company develops and
sells a wide range of products and solutions based on high temperature
superconductor (HTS) wires and power electronic systems that dramatically
improve the efficiency and quality of electricity during its generation,
transmission, distribution and use. The company is a dominant force in
alternative energy, offering grid interconnection solutions as well as licensed
wind energy designs and electrical systems. As the world's principal supplier of
HTS wire, AMSC is enabling a new generation of compact, high-power electrical
products, including motors, generators, power cables, grid-level surge
protectors, and advanced transportation and defense systems. AMSC also provides
utility and industrial customers worldwide with voltage regulation systems that
dramatically enhance power grid capacity, reliability and security, as well as
industrial productivity. The company's technologies are protected by a broad and
deep intellectual property portfolio consisting of hundreds of patents and
licenses worldwide. More information is available at
www.amsuper.com.
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