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

Date: 3/4/2008 7:30:00 AM

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    --  Over 30 MW of Power to be Managed by PowerModule(TM) Power
        Converter Systems Aboard Four All-Electric Ships Being
        Manufactured in Europe
    --  Canadian Firm to Apply PowerModule Technology for Tugboat
        Electrical Storage System
    --  Programmable Power Electronic Building Blocks Addressing
        Multiple Markets, Including Commercial Marine, Wind Energy,
        Fuel Cell and Power Grid Reliability Systems

    DEVENS, Mass.--(BUSINESS WIRE)--March 4, 2008--American
Superconductor Corporation (NASDAQ: AMSC), a leading energy
technologies company, announced today that it has received its first
orders from the commercial marine market for its proprietary
PowerModule-based electrical systems. These systems will be utilized
to manage more than 30 megawatts (MW) of power aboard three
mega-yachts and one river cruiser being built in Europe.
    PowerModule converters are power dense and programmable, allowing
them to be readily customized for many electrical applications. In
these first shipboard applications, the PowerModule-based integrated
electrical systems will enable reliable, high-performance operation of
the ships' propulsion motors, diesel generators and power distribution
systems by controlling power flows, regulating voltage and monitoring
system performance to maximize efficiency. AMSC will deliver all of
the electrical systems in 2009.
    AMSC developed its PowerModule converter technology in 2000 and
has sold thousands of the systems worldwide for use in a wide variety
of applications, including wind turbines, hydro-electric generators,
energy storage systems, fuel cells, utility-grade voltage regulation
systems and military pulsed-power systems. PowerModule technology was
further developed by AMSC for the U.S. Navy's Power Electronics
Building Blocks ("PEBB") program under a contract with the Office of
Naval Research for use in military marine applications.
    "These first orders for shipboard power management and control
systems are a testament to the versatility of AMSC's PowerModule power
electronic converters," stated Chuck Stankiewicz, executive vice
president and general manager of AMSC's Power Systems business unit.
"Our use of a proprietary printed circuit board design for power
converters with ratings of hundreds of kilowatts is unique. This
approach allows us to integrate a microprocessor into the converter,
which enables us to program these systems to meet the needs of many
end-use applications."
    AMSC also recently received an order for its PowerModule power
converters and PowerModule System Developer Kit (SDK) from a Canadian
maritime engineering firm. Utilizing the SDK, which speeds and
simplifies the development of power conversion systems, the customer
will utilize PowerModule converters to interface with the batteries
used to power tugboats, increasing their efficiency and making them
more environmentally-friendly. The customer selected PowerModule
technology because of its flexibility and AMSC's unique ability to
rapidly deliver customized power electronic solutions.
    AMSC's PowerModule power converters switch, control and modulate
power. Ratings of individual PowerModule converters, which are among
the most power dense systems available on the market, range from 60
kilowatts (kW) to 750 kW. These systems can be stacked together like
building blocks and interact with each other by way of optical fiber
telecommunications to provide multi-megawatt power management systems.
They can be operated remotely and be quickly configured to support
AC-AC, AC-DC, DC-DC, or DC-AC power conversion types.
    To learn more about PowerModule power electronic converters for
your electrical system needs, please see
http://www.amsc.com/products/powerconversion/index.html or call Perry
Schugart at 800-272-2755 (international: +1-262-901-6040).
    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) technology, 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 (NASDAQ: AMSC)
             Jason Fredette, 978-842-3177
             Director of Investor & Media Relations
             jfredette@amsc.com
    SOURCE: American Superconductor Corporation