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American Superconductor
Corporation has added a news release to its Investor Relations website.
Title:
AMSC First Ship China-made Core Electrical Components to Sinovel
Date: 2/16/2009 3:03:00
PM
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of our news releases, please click here
��� SUZHOU, China--(BUSINESS
WIRE)--Feb. 16, 2009--
����� American Superconductor
Corporation (NASDAQ: AMSC), a leading energy
����� technologies company,
today announced that its wholly owned subsidiary
����� AMSC China start to ship
products to Chinese customer directly. Till
����� now, it has shipped more
than 100 sets of core electrical components to
����� Sinovel. These sets
include a mix of PowerModule� PM1000 converters and PowerModule�
����� PM3000W converters.
���
����� The first shipment from
AMSC China represent that AMSC China has come to
����� series production to
meet the increasing China wind market. As one of
����� AMSC�s manufacturing center, all
products manufactured by AMSC China
����� meet national and international
quality standards, it has have passed
����� ISO9001 and American Electric
Standard, it also accepted by customer.
����� According to its delivery plan, AMSC
China will ship products to AMSC�s
����� international customers.
���
����� AMSC�s core electrical components
include the company�s proprietary
����� PowerModule� PM1000 and PowerModule�
PM3000W power converters and enable
����� reliable, high-performance wind
turbine operation by controlling power
����� flows, regulating voltage, monitoring
system performance and controlling
����� the pitch of wind turbine blades to
maximize efficiency. PowerModule�
����� PM1000 power converter was introduced
to wind market in 2006. Introduced
����� in late 2008, the PM3000W is a fully
programmable, flexible and modular
����� power converter developed
specifically for wind turbines with power
����� ratings up to 6 MW.
���
����� China�s wind industry continues to
move forward at an aggressive pace
����� through the global economic downturn.
For meet the fast development of
����� wind power, many local wind turbine
manufacturers plan to enlarge their
����� production scale. According to GWEC�s
2008 Global Installed Wind Power
����� Capacity report, the increased
installed wind power capacity is 6.3GW,
����� the total capacity has reached
12.21GW.
���
����� Sinovel is the No. 1 in the increased
wind power market in 2008. Sinovel
�����
was the 10th biggest wind turbine manufacturer in 2007.
���
����� Sinovel and AMSC WindtecTM first
begin working in early 2006.
���
����� About Sinovel
���
����� Sinovel was founded in 9th Feb. 2006,
its headquarter is in
����� Beijing, and has factories in
Liaoning, Inner Mongolia, Jiangsu and
����� Gansu provinces. Sinovel is a high
technology company engaging in the
����� development, design, manufacturing
and sales wind turbines. It is a
����� leading wind turbine manufacturer in
China wind market, and it is No. 1
����� in 2008 increased installed wind
power capacity market.
���
����� About AMSC China
���
����� AMSC China was founded in 11th Sep,
2007. It focus on the
����� production of PowerModule� PM1000 and
PowerModule�
����� PM3000W, and part components
importing and testing. For meeting the
����� fast development of China wind and
power grid markets, AMSC China plans
����� to introduce the production line of
electric control system and D-VAR
����� system.
���
�� ���AMSC is a leader in China alternative
energy, offering licensed wind
����� turbine designs and electrical
systems to companies such as Sinovel
����� Wind, Dongfang Steam Turbine Works,
CSR-ZELRI, Shenyang Blower Works and
����� XJ Group.
���
����� About
����� American Superconductor (NASDAQ:
AMSC)
���
����� AMSC offers an array of proprietary
technologies and solutions spanning
����� the electric power infrastructure �
from generation to delivery to end
����� use. The company is a leader in alternative
energy, providing proven,
����� megawatt-scale wind turbine designs
and electrical control systems. The
����� company also offers a host of Smart
Grid technologies for power grid
����� operators that enhance the
reliability, efficiency and capacity of the
����� grid, and seamlessly integrate
renewable energy sources into the power
����� infrastructure. These include
superconductor power cable systems,
����� grid-level surge protectors and power
electronics-based voltage
����� stabilization systems. AMSC�s
technologies are protected by a broad and
����� deep intellectual property portfolio
consisting of hundreds of patents
����� and licenses worldwide. More
information is available at www.amsc.com.
���
����� American Superconductor and design,
Revolutionizing the Way the World
����� Uses Electricity, AMSC, Powered by
AMSC, D-VAR, dSVC, PowerModule,
����� PQ-IVR, Secure Super Grids, Windtec
and SuperGEAR are trademarks or
����� registered trademarks of American
Superconductor Corporation or its
����� subsidiaries. All other brand names,
product names or trademarks belong
����� to their respective holders. The
Windtec logo and design is a registered
����� European Union Community Trademark.
���
����� Any statements in this release about
future expectations, plans and
����� prospects for the company, including
our expectations regarding the
����� future financial performance of the
company and other statements
����� containing the words
"believes," "anticipates," "plans,"
"expects,"
����� "will" and similar
expressions, constitute forward-looking statements
����� within the meaning of the Private
Securities Litigation Reform Act of
����� 1995. There are a number of important
factors that could cause actual
����� results to differ materially from
those indicated by such
����� forward-looking statements. Such
factors include: uncertainties
����� regarding the company's ability to
obtain anticipated funding from
����� corporate and government contracts,
to successfully develop, manufacture
����� and market commercial products, and
to secure anticipated orders; the
����� risk that a robust market may not
develop for the company's products;
����� the risk that strategic alliances and
other contracts may be terminated;
����� the risk that certain technologies utilized
by the company will infringe
����� intellectual property rights of
others; and the competition encountered
����� by the company. Reference is made to
these and other factors discussed
����� in the "Risk Factors"
section of the company's most recent quarterly or
����� annual report filed with the
Securities and Exchange Commission. In
����� addition, the forward-looking
statements included in this press release
����� represent the company's views as of
the date of this release. While the
����� company anticipates that subsequent
events and developments may cause
����� the company's views to change, the
company specifically disclaims any
����� obligation to update these
forward-looking statements. These
����� forward-looking statements should not
be relied upon as representing the
����� company's views as of any date
subsequent to the date this press release
����� is issued.
���
���
Source: American
Superconductor Corporation
����� American Superconductor Corporation
(NASDAQ: AMSC)Jason Fredette,
����� 978-842-3177Director of Investor
& Media Relationsjfredette@amsc.com
���
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