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Superconductor Technologies Closes $12.5 Million Directed Public Offering

Santa Barbara, Calif., Aug. 16: Superconductor Technologies Inc. (Nasdaq: SCON) (“STI”) announced today that it has closed the sale of $12.5 million of common stock and warrants in a registered direct offering. Under the terms of the transaction, STI sold 17,123,288 shares of common stock and 3,424,658 warrants to purchase common stock to a select group of institutional investors. The offering generated set proceeds of $11.4 million. SG Cowen & Co., LLC acted as exclusive placement agent for the offering.

STI is also granted each investor an option for 90 business days to purchase at the same price an additional amount of the purchased securities(common stock and warrants) equal to 20 percent of their initial purchase. If investors exercise all of the options, STI would receive an additional $2.5 million of gross proceeds (for total gross proceeds of $15.0 million) and sell an additional 3,424,658 shares of common stock and warrants to purchase 684,932 shares of common stock. if all options are exercised, STI estimates it would generate additional net proceeds of approximately $2.3 million at a second closing in December.

STI sold the shares under its existing shelf registration statement on Form S-3 and filed a prospectus supplement with the SEC dated August 10, 2005 for this offering. This press release is neither an offer to sell nor the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such state or jurisdiction. The offering may be made only by means of the prospectus supplement and the accompanying prospectus. the prospectus supplement and accompanying prospectus are available at http://www.sec.gov or from Martin S. McDermut,Superconductor Technologies Inc., 460 Ward Drive, Santa Barbara, CA 93111.

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