AUSTIN, Texas, April 1, 2013 (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, will exhibit its Conductus® superconducting wire in SuperConductingCity at Hannover Messe World Trade Fair in Hall 13, Stand C39 from April 8th to12th, 2013. Hannover Messe, held in Hannover, Germany, is the largest energy tradeshow worldwide focused on topics such as renewable and conventional power generation, power supply, transmission, distribution and storage.
"SuperConductingCity is an ideal venue to interface with multiple customer groups in a single setting," commented Adam Shelton, STI's VP of Marketing and Product Line Management. "We plan on building on last year's successes in Hannover, which proved to be an ideal environment to launch our Conductus 2G HTS wire product line. This year we will showcase Conductus wire and participate in a joint effort with the City of Austin, Texas Chamber of Commerce. The central display area in Hall 13 provides some 400 square meters of floor space close to the busiest entrance to the whole exhibition complex (Eingang WEST/WEST Entrance), where it attracts trade visitors and technology partners from across business and scientific communities."
SuperConductingCity is the world's leading showcase for the superconductor industry. In electric generation and distribution applications, superconducting lines are much more efficient than conventional copper line systems because they can carry 100 times the current at practically zero resistance, thereby incurring absolutely minimal losses. Superconductors lend themselves well to power engineering applications in areas such as ship propulsion systems; efficient, lightweight wind turbines; lean, highly efficient structures for power distribution grids and superconducting current limiters for power grid protection. For more information: http://www.hannovermesse.de/home
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.
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Safe Harbor Statement
Statements in this press release regarding our business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. Forward-looking statements are not guarantees of future performance and are inherently subject to uncertainties and other factors, which could cause actual results to differ materially from the forward-looking statements. These factors and uncertainties include, but are not limited to: our limited cash and a history of losses; the limited number of potential customers; the limited number of suppliers for some of our components and our HTS wire; there being no significant backlog from quarter to quarter; our market being characterized by rapidly advancing technology; overcoming technical challenges in attaining milestones to develop and manufacture commercial lengths of our HTS wire; customer acceptance of our HTS wire; fluctuations in product demand from quarter to quarter; the impact of competitive filter products, technologies and pricing; manufacturing capacity constraints and difficulties; our ability to raise sufficient capital to fund our operations (whether through our equity sales agreement, registered direct offerings or otherwise), and the impact on our strategic wire initiative of any inability to raise such funds; the impact of any such financing activity on the level of our stock price; our ability to fully utilize our equity sales agreement as a source of future financings and the dilutive impact of any sales under such agreement, whether due to market conditions, our ability to satisfy various conditions required to sell shares under the agreement, the sales agent's performance of its obligations under the agreement or otherwise; the impact on the level of our stock price, which may decline, in connection with the sales under the equity sales facility, registered direct offerings or otherwise; and local, regional, and national and international economic conditions and events and the impact they may have on us and our customers, such as the current worldwide recession.
Forward-looking statements can be affected by many other factors, including, those described in the "Business" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of STI's Annual Report on Form 10-K for the year ended December 31, 2011 and in STI's other public filings. These documents are available online at STI's website, www.suptech.com, or through the SEC's website, www.sec.gov. Forward-looking statements are based on information presently available to senior management, and STI has not assumed any duty to update any forward-looking statements.
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Source:Superconductor Technologies Inc.