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

Date: 10/3/2007 7:30:00 AM

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

    --  AAER to Manufacture AMSC-Designed Wind Turbines for Wind Farms
        in North America, France and the United Kingdom
    --  AAER to Pay Up-Front License Fee and Royalty for Each Turbine
        Manufactured
    --  Additional AMSC Revenues Expected from Sales of Core
        Electrical Components

    WESTBOROUGH, Mass.--(BUSINESS WIRE)--Oct. 3, 2007--American
Superconductor Corporation (NASDAQ: AMSC), a leading energy
technologies company, today announced that it has signed two licensing
contracts with AAER Inc. (TSX-V: AAE), a Canadian wind turbine
manufacturer. Under the terms of the contracts, AMSC's wholly owned
Windtec(TM) subsidiary will license to AAER the design for its
WT-2000sg, a proprietary 2 megawatt (MW) wind turbine. The licenses
provide AAER with the right to manufacture, sell and commission the
wind turbines in Canada, the United States, Mexico, France and the
United Kingdom.
    In addition to multi-million dollar upfront license fees, AMSC
will receive royalties for every WT-2000sg wind turbine commissioned
by AAER and will sell to AAER the electrical system components
essential to the operation of the turbines.
    "AMSC's unique design capabilities are an ideal fit for AAER - the
first wind turbine manufacturer in Canada," said Dave Gagnon,
President and Chief Executive Officer of AAER. "AMSC is enabling us to
quickly enter rapidly growing markets with its unique 2 megawatt
turbine designs, which we believe will give us a competitive edge in
these markets."
    The Global Wind Energy Council reports that wind power capacity in
North America grew 33 percent in 2006 to 13,062 MW. Wind power in the
United Kingdom and France, meanwhile, grew by 48 percent and 107
percent, respectively.
    "We are very pleased with the momentum we have continued to build
in the global wind energy market," said AMSC founder and chief
executive officer Greg Yurek. "AAER is the fourth new customer for our
wind turbine designs since we acquired Windtec in January 2007. AAER
also marks our first alliance with a North American wind turbine
manufacturer. With AAER's expertise and the tremendous growth in wind
energy taking place in North America and Europe, I believe this new
business relationship will provide additional growth for both of our
companies."
    To learn more about AMSC's wind energy solutions, including
Windtec, see
http://www.amsuper.com/products/applications/windEnergy/index.cfm.
    About AAER Inc. (TSX-V: AAE)
    AAER is a wind turbine manufacturer, located in Bromont, Quebec
that manufactures and maintains high capacity 1 Megawatt or more wind
turbines principally for the North American market. Its strategy is to
progressively build its product's components to provide a high level
of reliability and a competitive pricing to its customers. AAER uses
proven European technologies to ensure high performance of its
turbines in various wind conditions and complex terrains. Its stock is
listed on the TSX Venture Exchange (AAE). Additional information is
available on the Company's Website at www.aaer.ca.
    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 (NASDAQ: AMSC)
             Jason Fredette, 508-621-4177
             Director of Investor & Media Relations
             jfredette@amsc.com
    SOURCE: American Superconductor Corporation