- Licenses Wireless Technology Patent to benefit Conductus HTS wire development program -
- Awarded two patents enhancing strong IP portfolio -
AUSTIN, Texas, March 13, 2014 (GLOBE NEWSWIRE) -- Superconductor Technologies Inc. (STI) (Nasdaq:SCON), a world leader in the development and production of high temperature superconducting (HTS) materials and associated technologies, recently entered into a non-exclusive license agreement with an international company for a wireless technology patent previously developed by STI. In consideration for the use of the patent, STI will receive cost savings on support equipment for its Conductus® HTS wire program. The equipment will enhance STI's capabilities as capacity increases to commercial volumes.
"Our intellectual property (IP) position is a valuable company asset," said Jeff Quiram, STI's President and CEO. "With our latest licensing agreement, we have utilized IP developed for our legacy wireless business as a financial resource to support the commercial production of Conductus® HTS wire. We continue to enhance and protect our IP portfolio by filing for additional patents related to our RCE-CDR fabrication process and cryocooler design. Our plan is to continue to leverage our extensive IP portfolio and manufacturing expertise as we bring our Conductus wire to market."
STI was awarded two additional patents in the fourth quarter of 2013.
- For STI's Reactive Co-Evaporation Cyclic Deposition and Reaction (RCE-CDR) device and method for fabricating HTS thin films for HTS wire, strengthening U.S. Patent No. 8,290,553 entitled "Device and Method for Fabricating Thin Films by Reactive Evaporation" from the Japanese Patent Office. Patent #5415077
- For STI's cryocooler design, protecting STI's unique capabilities for efficiently and reliably cooling HTS circuits to the critical temperature (77 Kelvin) needed for the superconducting properties of the materials to be utilized from the U.S. Patent and Trademark Office (USPTO). U.S. Patent # 8,607,560
About Superconductor Technologies Inc. (STI)
Superconductor Technologies Inc., headquartered in Austin, TX, has been a world leader in HTS materials since 1987, developing more than 100 patents as well as proprietary trade secrets and manufacturing expertise. For more than a decade, STI has been providing innovative interference elimination and network enhancement solutions to the commercial wireless industry. The company is currently leveraging its key enabling technologies, including RF filtering, HTS materials and cryogenics to develop energy efficient, cost-effective and high performance second generation (2G) HTS wire for existing and emerging power applications, to develop applications for advanced RF wireless solutions and innovative adaptive filtering, and for government R&D. Superconductor Technologies Inc.'s common stock is listed on the NASDAQ Capital Market under the ticker symbol "SCON." For more information about STI, please visit http://www.suptech.com.
Contact: Investor Relations Contact
Cathy Mattison or Kirsten Chapman
Source:Superconductor Technologies Inc.