American Superconductor Corporation has added a news release to its Investor Relations website.

Date: 9/25/2007 7:30:00 AM

For a complete listing of our news releases, please click here

    --  Recent Acquisition Positions AMSC as North America's Only
        Provider of SVC's for Growing Transmission Grid Market
    --  First SVC Order Received from Bonneville Power Administration,
        Operator of 75 Percent of Pacific Northwest's High Voltage
        Transmission Grid

    WESTBOROUGH, Mass.--(BUSINESS WIRE)--Sept. 25, 2007--American
Superconductor Corporation (NASDAQ: AMSC), a leading energy
technologies company, today introduced a Static VAR Compensator
("SVC") product line. AMSC also announced that it has received its
first transmission-level SVC order from Bonneville Power
Administration (BPA), operator of 75 percent of the high voltage
transmission grid in the Pacific Northwest. The SVC will provide a
total of 95 mega-volt-amp-reactive (MVAR) of dynamic reactive
compensation for one of BPA's transmission lines in Oregon.
    AMSC's SVC product line is based on its proprietary controls
technology combined with proprietary thyristor switch technology it
obtained through the acquisition of Power Quality Systems, Inc. (PQS)
in April 2007. This thyristor switch technology enables AMSC to offer
SVC systems that not only have a lower initial cost, but also lower
energy and maintenance costs and a smaller footprint when compared
with conventional SVC offerings. AMSC's transmission SVC solution
builds on a solid installed base of over 60 similar thyristor-based
systems that have been successfully deployed by PQS on distribution
systems all over North America. AMSC, which has been selling its
dynamic-VAR (D-VAR(R)) transmission grid reliability products since
1999, is North America's only manufacturer of SVC's for the growing
transmission grid market.
    "AMSC has built a solid reputation with power grid operators by
providing advanced and reliable solutions that improve system
efficiency, enhance power throughput and break grid bottlenecks in a
cost-effective way," said AMSC founder and Chief Executive Officer
Greg Yurek. "Our SVC solution provides us with a powerful new
transmission-level tool. Having just recently closed our acquisition
of PQS, I am pleased with our ability to quickly integrate this
company and its technology to produce a new transmission-level
solution that meets the broader requirements of power grid operators."
    SVC systems are required to ensure reliable operation of
transmission grids. SVCs and D-VAR systems are "reactive compensation"
solutions, classified as FACTs (Flexible AC Transmission system)
devices. These solutions are utilized by utilities to dynamically
control voltage, helping them maintain high reliability and prevent
grid instabilities on their transmission and distribution networks.
SVCs and D-VARs increase grid reliability and allow utilities to
transfer a greater amount of power over their existing transmission
lines.
    SVCs are a large-scale, centralized, transmission-connected
solution, while D-VAR systems are typically connected at the
sub-transmission or distribution level. Both solutions are needed to
address the broad requirements of the utility industry. AMSC estimates
that the current annual addressable power grid market for reactive
compensation solutions is at least $250 million worldwide. This market
is expected to continue to grow considerably as global demand for
electricity increases and as grid operators invest to improve the
reliability of power grids.
    The SVC system solution being provided to BPA will provide 45 MVAR
of inductive capability and 50 MVAR of capacitive dynamic compensation
to a critical location on the local 115kV transmission grid. Scheduled
for commissioning in early 2009, AMSC's SVC solution will be installed
at the Rogue Substation near Portland, Oregon to help control and
stabilize voltage in the surrounding grid. AMSC will provide BPA with
a full turnkey solution - from engineering to installation and
commissioning.
    About BPA
    BPA is a not-for-profit federal agency that markets about 40
percent of the electricity consumed in the Pacific Northwest. The
power is produced at 31 federal dams in the Northwest and one nuclear
plant, and is sold to more than 140 Northwest utilities. BPA operates
a high-voltage transmission grid comprising more than 15,000 miles of
lines and associated substations in Washington, Oregon, Idaho and
Montana.
    About American Superconductor (NASDAQ: AMSC)
    AMSC is a leading energy technologies company offering an array of
solutions based on two proprietary technologies: programmable power
electronic converters and high temperature superconductor (HTS) wires.
The company's products, services and system-level solutions enable
cleaner, more efficient and more reliable generation, delivery and use
of electric power. AMSC is a leader in alternative energy, offering
grid interconnection solutions as well as licensed wind energy designs
and electrical systems. As the world's principal supplier of HTS wire,
the company is enabling a new generation of compact, high-power
electrical products, including power cables, grid-level surge
protectors, Secure Super Grids(TM), motors, generators, and advanced
transportation and defense systems. AMSC also provides utility and
industrial customers worldwide with voltage regulation systems that
dramatically enhance power grid capacity, reliability and security, as
well as industrial productivity. The company'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, SuperVAR, D-VAR, DVC,
PQ-IVR, PowerModule, PQ-SVC, Secure Super Grids, Windtec and SuperGEAR
are trademarks or registered trademarks of American Superconductor
Corporation or its subsidiaries.
    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.
    CONTACT: American Superconductor Corporation
             Jason Fredette, 508-621-4177
             Director of Investor & Media Relations
             jfredette@amsc.com
    SOURCE: American Superconductor Corporation