New
Release -- Superconductor Week does not edit or endorse the following
news release:
American
Superconductor Selects Japanese Distributor for Second Generation High
Temperature Superconductors
Suzuki
Shokan Co. Ltd. to sell 344 Superconductors in Growing Japanese market
Tsukuba,
Japan, Oct. 24: American Superconductor Corporation (NASDAQ:AMSC)
announced at the 18th International Symposium on Superconductivity today that it
has selected Suzuki Shokan Co. Ltd. as its distribution partner for 344
superconductors in the Japanese market.
Japan
represents one of the world's largest markets for superconductor wires for
applications in the power transmission, industrial, medical and transportation
sectors. The Japanese government has recently increased funding for the
development of products that utilize second generation (2G) high temperature
superconductor (HTS) wires. American Superconductor's "344
superconductors" are 2G HTS wires that have enhanced performance and
properties in industry standard HTS wire dimensions.
"
Japan
represents a substantial opportunity for sales growth for 344
superconductors," said Greg Yurek, president and CEO of American
Superconductor. "We have worked successfully with Suzuki Shokan on a number
of projects over the last ten years and have developed a strong business
relationship with them. Their knowledge of the Japanese market, their expertise
and track record in selling products based on advanced technologies make them a
great choice to act as our distributor for 344 superconductors in this key
market."
Founded
in March 1905, Suzuki Shokan supplies gases, materials, state-of-the-art
industrial equipment, including cryogenic equipment and related products to
customers in
Japan
. Suzuki Shokan is also a distributor of HTS electromagnets for
New Zealand
based HTS-110, of which AMSC is a shareholder. Electromagnets produced by
HTS-110 are sold worldwide and are Powered by AMSC(tm).
"We
are very excited about AMSC's 344 superconductors because this is the right
product at the right time to meet the demand for superconductor applications
development and commercial products in
Japan
," said Yoshihiko Suzuki, president and CEO of Suzuki Shokan.
"We are eager to continue our relationship with AMSC and together increase
sales of 344 superconductors to meet the growing market demand in
Japan
."
To
learn more about 344 superconductors, see: http://www.amsuper.com/products/htsWire/344Super.cfm
Return
to industry news releases
|
