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Intermagnetics' SuperPower subsidiary announces progress at Albany HTS cable project

Albany, NY, August 31, 2005: Intermagnetics General Corporation’s (NASDAQ: IMGC) Energy Technology subsidiary, SuperPower, Inc., announced today the successful completion of installation and functional testing by the BOC Group of the Cryogenic Refrigeration System (CRS) for its Albany High-Temperature Superconducting (HTS) Cable Project. U. S. Senator Charles E. Schumer (D-NY) visited the cable site at the North Albany Service Center of Niagara Mohawk, a National Grid Company, to view the progress made on this $26 million project, that is receiving $13 million in funding through the U.S. Department of Energy’s Superconductivity Partnerships with Industry (SPI) program. An additional $6 million in funding comes from the New York State Energy Research and Development Authority (NYSERDA).

Glenn H. Epstein, chairman and chief executive officer of Intermagnetics, said, “The successful completion of this program milestone leads directly into the next program activity - installation of the 350 meters of superconducting cable.”

“BOC’s cryogenic system, which meets the highest industry level reliability requirements, has now been successfully tested and commissioned at the utility site. The system is able to handle real events that occur in live power grids, including fault current,” said Edward L. Garcia, vice president PGS Ventures, BOC.

SuperPower’s president, Philip J. Pellegrino, noted that, “The equipment and controls building, underground ductwork and termination vaults, along with the CRS, are all substantially completed. The first phase of the cable fabricated by Sumitomo Electric Industries has been shipped from Osaka, Japan, and is expected to arrive at the cable site in Albany in September. Installation will begin immediately on arrival.”

Senator Schumer said, “This technology has the potential to fix our nation’s most critical energy challenges and reduce our dependence on foreign oil. This is a win-win for the Capital Region. In addition to building the infrastructure to provide more reliable, better-quality power to citizens everywhere, the area is now a center for new energy technology and will continue to grow.”

BOC (NYSE: BOX), one of the world’s largest industrial gases providers, is providing the cryogenic refrigeration system, which will cool the cable to the temperature required for superconductivity. BOC also will remotely monitor the cable and cooling system from its Remote Operations Center in Pennsylvania.

The Albany Cable Project will use 350 meters of superconducting cable to link two Niagara Mohawk substations (Riverside and Menands). The superconducting power line parallels a new 34.5 kV installation that is being added by Niagara Mohawk to handle load growth. The first phase of the project includes installation of a 320-meter and a 30-meter section of cable fabricated with first-generation, or BSCCO, wire. The joining of these two sections in an underground cable vault will be the world’s first demonstration of a cable-to-cable joint. In the long cable installations typical of commercial applications, it will be necessary to join separate sections of cable in this way. Commissioning of this first-generation HTS cable system is expected to take place in the spring of 2006.

After testing and operating this first-generation cable system for about one year, the 30-meter section of BSCCO cable will be removed and replaced with an identical length of cable fabricated from second-generation, or YBCO, wire that is currently being fabricated by SuperPower at its manufacturing facility in Schenectady, NY. Commissioning of the second-generation HTS cable system is expected to take place in June 2007.

William F. Edwards, president of Niagara Mohawk, said, “In light of the challenges faced by utilities to continue to adequately service rising customer demand, this HTS cable technology promises to be a quite viable new solution. Niagara Mohawk is pleased to be a part of this exciting project to demonstrate the technology.”

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