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Stocks A / American Superconductor

URL:  https://boards.fool.com/amsc-competitorimgc-18038266.aspx

Subject:  AMSC competitor(IMGC) Date:  10/23/2002  5:55 PM
Author:  rodb1 Number:  880 of 2171

http://www.igc.com/superpower/news/news_story.asp?id=74
Schenectady, New York, October 10, 2002-SuperPower, Inc. and Oak Ridge National Laboratory (ORNL) executed a Cooperative Research and Development Agreement (CRADA) to develop 2nd generation High Temperature Superconductor (HTS) technologies.
SuperPower is a wholly-owned subsidiary of Intermagnetics General Corporation.


SuperPower is aggressively scaling up 2nd generation HTS technology under its current CRADA with Los Alamos and Argonne National Laboratories. Meter-long 2nd generation HTS tapes with good performance are being produced in the pilot manufacturing facilities in Schenectady. Oak Ridge National Laboratory, managed by UT-Battelle for the Department of Energy (DOE), is a pioneer in developing 2nd generation HTS technologies and has made substantial progress in this field recently. "The CRADA with UT-Battelle will augment the current 2nd generation program at SuperPower, especially with the access to the world-class scientific talent and unique facilities at ORNL", said Philip J. Pellegrino, president at SuperPower. "With the execution of this CRADA, SuperPower?s 2nd generation HTS program is now strongly supported by collaborations with all three major national laboratories that are spearheading the DOE HTS development projects."

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