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Alex Malozemoff, Chief Technical Officer of American Superconductor, Awarded Superconductor Industry Person of the Year Award by Superconductor Week

Westborough, Mass., August 1: American Superconductor Corporation (NASDAQ:AMSC) , a leading electricity solutions company, today announced that Alex Malozemoff, Ph.D. executive vice president and chief technology officer, has been selected as a co-recipient of Superconductor Week's 2005 Superconductor Industry Person of the Year Award. The award is the only international award recognizing individual achievement in the global effort to develop and commercialize both high and low temperature superconductors.

Mark Bitterman, Superconductor Week's Executive Editor, will present the award to Dr. Malozemoff and co-recipient Venkat Selvamanickam at two major events: the U.S. DOE's Superconductivity for Electric Systems 2005 Annual Peer Review, in Washington D.C., during the awards luncheon August 2, and the 2005 Cryogenic Engineering Conference and International Cryogenic Materials Conference, in Keystone Colorado, during the Awards luncheon on August 31.

"Alex has led our research and development strategy and work on second generation high temperature superconductor wires since we began this activity in 1995," said Greg Yurek, president and CEO of American Superconductor. "His groundbreaking efforts in the materials science and underlying physics of the materials at the heart of 2G HTS wire continue today, as will be demonstrated in the presentations to be made by American Superconductor this week at the DOE Peer Review meeting in Washington. It is fitting, indeed, for Alex to be one of the recipients of this prestigious award from Superconductor Week."

Dr. Malozemoff, acknowledged the world over as a leader in the field of superconductivity, joined American Superconductor in January 1991 following a distinguished career at IBM, where he spent 19 years in a variety of research and management positions.

In his position as Chief Technical Officer, Dr. Malozemoff has been responsible for managing all research and development programs in materials science, applied physics, materials processing, and conductor development. He is also charged with management of American Superconductor's collaborative programs, including the firm's technical consultants, its patent estate, its interaction with the federal High Temperature Superconductivity Technology Centers, its work with university and government laboratories and its collaborative research and development with strategic alliance partners.

Recognized for his pioneering work in the field of superconductivity, Dr. Malozemoff is a co-discoverer of "giant flux creep." This phenomenon is a factor in determining the maximum amount of current a superconductor can carry, and a key element in the development of applications with superconductor materials. He is also well known for his work on magnetic materials and his discoveries related to magnetic bubble technologies.

A California native, Dr. Malozemoff holds a Ph.D. in Materials Science and Engineering from Stanford University and a B.S. degree in physics and chemistry from Harvard University. He is a fellow of the American Physical Society and a senior member of the IEEE.

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"Superconductor Week
has a three-fold mission:
to advance the goals of our readers by a critical perspective on low- and high- Tc superconductors and cryogenics; to promote the industry by spreading information and insight to the broadest possible audience; and to provide
a platform for the free exchange of ideas and news within the superconductivity community."

-- Mark Bitterman 
Executive Editor 

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