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news release:
Superconductor Technologies Inc. (STI) Wins $4.7
Million U.S. Air Force Contract
Santa Barbara, CA, 23 April 2007:
Superconductor Technologies
Inc. (NASDAQ:SCON), a leading
provider of high performance infrastructure products for wireless voice and data
applications, announced today it was awarded a contract from the U. S. Air Force
to develop Semiconductor-Tuned High Temperature Superconducting Filters for
Ultra- Sensitive Radio Frequency Receivers (SURF). The funded contract amount is
$4.7 million.
Upon successful completion of the initial contract, the U.S. Air Force has an
option to extend the contract for the delivery of a prototype rack- mountable
system incorporating a reconfigurable, ultra-fast tuned filter. If exercised,
the value of this contract extension option is $5.4 million and would be
recognized over 12 months.
"We are executing on our company strategy to extend our technology to new
applications with existing customers, as demonstrated by this U.S. Air Force
contract win," said Jeff Quiram, STI's president and chief executive officer.
"Most importantly, this contract moves us much closer to our corporate goal of
achieving significant product sales to the US government, moving STI beyond its
historical role as principally a provider of contract R&D services."
"The SURF program, which builds on an STI proprietary approach to tuning
filters, will incorporate semiconductor-tuning of High Temperature
Superconducting (HTS) filters to enable microsecond tuning speed, while also
reducing size and cost," said Dr. Bob Hammond, STI's senior vice president and
CTO. "This unique approach will minimize tuning speeds, a primary limitation of
today's tunable HTS filter technologies for most military applications."
The U.S. Air Force conducts research, development, test and evaluation, and
provides the acquisition management services and logistics support necessary to
keep U.S. Air Force weapon systems ready for war.
About Superconductor Technologies Inc. (STI)
STI, headquartered in Santa Barbara, CA, is a leading provider of high
performance infrastructure products for wireless voice and data applications.
STI's SuperLink(R) solution increases capacity utilization, lowers dropped and
blocked calls, extends coverage, and enables faster wireless data rates. Its
AmpLink(TM) solution enhances the performance of wireless base stations by
improving receiver sensitivity and geographic coverage.
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