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Frost &
Sullivan Selects American Superconductor as Recipient of 2006 Enabling
Technology Award
AMSC Recognized for Market Leadership and Continual Technical Innovation and
Excellence in Superconductor ProductsSan Antonio, TX, September 25: Frost &
Sullivan selected American Superconductor (Nasdaq:AMSC)
as the recipient of the 2006 Enabling Technology Award in the transmission and
distribution (T&D) equipment market in recognition of the company's outstanding
efforts in globally developing high temperature superconductor (HTS) wire and
applications.
"The worldwide HTS market is at the advanced
stage that it is today because of the successful, persistent efforts of American
Superconductor. AMSC's innovative technologies and product development efforts
along with its market leadership have blazed a trail in the expanding global HTS
market," says Frost & Sullivan Research Analyst Subramanian Jayaraman. "This
award, which was made after considering all of the key HTS wire competitors
worldwide, recognizes AMSC's market leadership and its continual technical
innovation and excellence."
American Superconductor is a company with many
firsts in the HTS industry. In 2002, AMSC opened the world's first
commercial-scale HTS wire manufacturing facility and has sold HTS wire to over
90 customers in 20 countries for use in the development of a wide array of
applications. With its patented 2G HTS wires known as "344 superconductors,"
which have recently attained commercial- level performance in long lengths using
a scalable, low-cost process, AMSC is also one of the world's leading companies
in the migration to the commercial production of 2G wires. AMSC expects to ship
the world's first commercial HTS grid reliability product -- a SuperVAR.
synchronous condenser -- in December 2006 to Tennessee Valley Authority (TVA),
AMSC is also the prime contractor and HTS wire supplier for a project to install
the world's first transmission voltage HTS power cable in a commercial grid,
which is expected to be commissioned in the spring of 2007 on Long Island for
Long Island Power Authority. And AMSC and Northrop Grumman expect to deliver the
world's first 36.5-megawatt (49,000 horsepower) HTS ship propulsion motor to the
U.S. Navy this fall, which the companies believe will be the motor of choice for
use in next generation naval warships.
Each year, Frost & Sullivan presents the Enabling
Technology Award to a company that has developed a technology that can benefit
or revolutionize the industry. The Award recipient has developed a system or
enabling component of a system that removes a significant stumbling block in the
development of technology.
Frost & Sullivan Best Practices Awards recognize
companies in a variety of regional and global markets for demonstrating
outstanding achievement and superior performance in areas such as leadership,
technological innovation, customer service, and strategic product development.
Industry analysts compare market participants and measure performance through
in-depth interviews, analysis and extensive secondary research in order to
identify best practices in the industry.
About American Superconductor
American Superconductor is the world's principal
vendor of high temperature superconductor (HTS) wire and large rotating
superconductor machinery, and it is a world-leading supplier of dynamic reactive
power grid stabilization products. AMSC's HTS wire and power electronic
converters are at the core of a broad range of new electricity transmission and
distribution, transportation, medical and industrial processing applications,
including dynamic reactive power grid stabilization solutions, large ship
propulsion motors and generators, smart, controllable, superconductor power
cables and advanced defense systems. The company's products are supported by
hundreds of patents and licenses covering technologies fundamental to
Revolutionizing the Way the World Uses Electricity(TM). More information is
available at
http://www.amsuper.com .
About Frost & Sullivan
Frost & Sullivan, a global growth consulting
company, has been partnering with clients to support the development of
innovative strategies for more than 40 years. The company's industry expertise
integrates growth consulting, growth partnership services and corporate
management training to identify and develop opportunities. Frost & Sullivan
serves an extensive clientele that includes Global 1000 companies, emerging
companies and the investment community by providing comprehensive industry
coverage that reflects a unique global perspective and combines ongoing analysis
of markets, technologies, econometrics and demographics. For more information
please visit
http://www.awards.frost.com or
http://www.energy.frost.com .
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