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news release:
American Superconductor Receives $1.3 Million
Contract for 2G HTS Wire from U.S. Department of Defense
Westborough, MA, July 12: American Superconductor
Corporation (NASDAQ:
AMSC), a leading energy technologies company, announced today it has
received a $1.3 million contract extension for its second generation (2G) high
temperature superconductor (HTS) wire from the U.S. Department of Defense (DOD).
The contract was awarded by the Office of Naval Research (ONR)
and funded by the Defense Advanced Research Projects Agency (DARPA).
This most recent extension represents the sixth contract or contract extension
American Superconductor has received for 2G HTS wire development over just the
last 10 months and brings the total dollar amount of all AMSC government
contracts and contract extensions for this purpose to approximately $8.1 million
in that timeframe.
Targeted DOD applications for 2G HTS wire include ship propulsion electric
motors and generators, degaussing cable systems, non-lethal weapons and power
distribution systems for warships. AMSC is actively involved in developing
components or systems for each of these applications.
"The United States government continues to strongly endorse HTS wire and its
applications," said Greg Yurek, chief executive officer, American
Superconductor. "Department of Defense decision makers are aware of the
revolutionary impact of HTS wire. Our current work with Northrop Grumman on the
development of a 36.5MW motor is a perfect example. As a result of the inclusion
of our wire, we are able to build a propulsion motor that is just as powerful as
similar copper-based systems, is less than half the size and one-third the
weight and has much higher fuel efficiency. HTS wire will offer similar
advantages in other military systems as well as in a broad range of utility and
industrial applications."
About American Superconductor's 2G HTS Products
AMSC's 2G HTS wire, also known as 344 superconductors, is designed as a drop-in
replacement for customers currently using first generation (1G) HTS wire. The
344 superconductors comprise 2G HTS wire clad with ultra-thin strips of copper
or stainless steel. 344 superconductors offer significantly higher power density
and efficiency compared with similar copper-based wire products. As a result,
electrical systems that incorporate HTS wire are dramatically smaller, lighter
and more cost effective than comparable systems based on copper wire. The
applications for HTS wire include power transmission cables, propulsion motors
and generators, degaussing cables, synchronous condensers and fault current
limiters. For more information about American Superconductor's HTS products,
please visit:
http://www.amsuper.com/products/htsWire/2GWireTechnology.cfm.
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