AUSTIN, Texas, Oct 16, 2019 (GLOBE NEWSWIRE via COMTEX) — AUSTIN, Texas, Oct. 16, 2019 (GLOBE NEWSWIRE) — Superconductor Technologies Inc. (STI) SCON, 5.54% was awarded U.S. Apparent No. 10,446,294 , advantaged “Coated aqueduct aerial temperature superconductor accustomed aerial analytical accepted beneath alluring acreage by built-in pinning centers, and methods of accomplish of same” from the U.S. Apparent and Trademark Office (USPTO). This patent, forth with ahead issued patents USP 9,362,025 and USP 9,564,258, added protects the company’s different capabilities for convalescent the achievement of its Conductus [(R)] superconductor allurement wire that advance the advantages in superconductor allurement applications with lower operating temperatures and aerial alluring acreage are critical.
“STI’s proprietary RCE-CDR action provides achievement and amount advantages for accomplishment added bearing superconducting wire,” said Jeff Quiram, STI’s President and CEO. “We use these patented techniques to aerate accepted accustomed achievement in superconducting allurement applications. Conductus aerial achievement allurement wire is ideal for applications such as Abutting Bearing Electrical Machines (NGEM) and arising applications such as atom accelerators and admixture systems. Our efforts to commercialize Conductus wire for aerial achievement alluring applications has produced a abundant added able another to absolute conductors, such as chestnut and low temperature superconducting materials, that are clumsy to accommodated the requirements of abutting bearing ability solutions. We abide to advantage our all-encompassing bookish acreage portfolio and accomplishment ability as we accompany our Conductus wire to bazaar and plan to added aggrandize our bookish acreage efforts about the RCE-CDR artifact action in the future.”
Reactive Co-evaporation (RCE) and Cyclic Deposition Reaction Rare Earth, Barium, Chestnut Oxide (ReBCO) abstracts are accustomed as a above superconductor by alms bigger achievement in a alluring field. STI’s RCE-CDR action grows a ReBCO superconductor blur assimilate a adjustable template. This action is complex, acute authentic temperature, compatible pressure, absolute ratios of elements and the attendance of acerbic atmospheres to abound aerial achievement superconducting materials. The company’s RCE-CDR arrangement is scaled for ample accumulation operation to ensure every allocation of superconducting wire has compatible absolute properties.
About Superconductor Technologies Inc. (STI) Superconductor Technologies Inc. is a all-around baton in superconducting innovation. Its Conductus [(R)] superconducting wire belvedere offers aerial performance, cost-effective and scalable superconducting wire. With 100 times the accepted accustomed accommodation of accepted chestnut and aluminum, superconducting wire offers aught attrition with acute aerial accepted density. This provides a cogent account for electric ability manual and additionally enables abundant abate or added able magnets for motors, generators, action accumulator and medical equipment. Since 1987, STI has led addition in HTS materials, developing added than 100 patents as able-bodied as proprietary barter secrets and accomplishment expertise. For added than 20 years STI activated its different HTS accomplishment action for solutions to aerate accommodation appliance and advantage for Tier 1 telecommunications operators. Headquartered in Austin, TX, Superconductor Technologies Inc.’s accepted banal is listed on the NASDAQ Basic Bazaar beneath the ticker attribute “SCON.” For added advice about STI, amuse appointment http://www.suptech.com.
Safe HarborStatement Statements in this columnist absolution apropos our business that are not absolute facts are “forward-looking statements” that absorb risks and uncertainties. Advanced statements are not guarantees of approaching achievement and are inherently accountable to uncertainties and added factors, which could account absolute after-effects to alter materially from the advanced statements. These factors and uncertainties include, but are not bound to: statements pertaining to the alms of the Company’s securities, including the use of net gain therefrom; our bound banknote and a history of losses; our charge to materially abound our revenues from bartering operations and/or to accession added basic (which costs may not be accessible on adequate agreement or at all) in the actual abreast future, to apparatus our accepted business plan and advance our viability; the achievement and use of our accessories to aftermath wire in accordance with our timetable; advantageous abstruse challenges in attaining milestones to advance and accomplish bartering lengths of our HTS wire; the achievability of delays in chump appraisal and accepting of our HTS wire; the bound cardinal of abeyant barter and chump pressures on the affairs prices of our products; the bound cardinal of suppliers for some of our apparatus and our HTS wire; there actuality no cogent excess from division to quarter; our bazaar actuality characterized by rapidly advancing technology; the appulse of aggressive products, technologies and pricing; accomplishment accommodation constraints and difficulties; the appulse of any costs action on the akin of our banal price; the dilutive appulse of any issuances of balance to accession capital; the accomplish appropriate to advance the advertisement of our accepted banal with a U.S. civic balance barter and the appulse on the clamminess and trading amount of our accepted banal if we abort to advance such listing; the amount and ambiguity from acquiescence with ecology regulations; and local, regional, and civic and all-embracing bread-and-butter altitude and contest and the appulse they may accept on us and our customers.
Forward-looking statements can be afflicted by abounding added factors, including, those declared in the “Business” and “Management’s Discussion and Analysis of Financial Condition and After-effects of Operations” sections of STI’s Annual Report on Form 10-K for the year concluded December 31, 2018, and in STI’s added accessible filings. These abstracts are accessible online at STI’s website, www.suptech.com, or through the SEC’s website, www.sec.gov. Advanced statements are based on advice anon accessible to chief management, and STI has not affected any assignment to amend any advanced statements.
Investor Relations Contact Moriah Shilton or Kirsten Chapman LHA 1-415-433-3777 [email protected]
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