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Although you can click on News for the full story, I thought it was worth highlighting a few points. Oftentimes press releases sound great fanfares for the business equivalent of a pumpkin carriage drawn by a team of rabbits. This, however, is a significant development. Or so it seems to me.

American Superconductor (Nasdaq:AMSC) announced today that it has further strengthened its proprietary position in second generation, high temperature superconductor (HTS) wire technology by obtaining a non-exclusive license on a key component of this technology from the Oak Ridge National Laboratory (ORNL). The company also revealed that it has obtained exclusive licenses from the Massachusetts Institute of Technology (MIT) on another key component of its second generation HTS wire technology, adding significantly to the portfolio of patents and patent applications that the company has generated in its own laboratories.

"The combination of our technologies with those of Oak Ridge and MIT gives us a very powerful, exclusive position in second generation HTS wire technology," stated Greg Yurek, American Superconductor's chief executive officer. Yurek added that American Superconductor has achieved world-leading results in the lab with its proprietary technology for low-cost, second-generation HTS wire. "Our second-generation HTS wire technology puts us on a path to beat the price/performance characteristics of copper wire, and we have now locked in a strong proprietary position for all key components of our manufacturing methodology for second-generation wire," said Yurek.

American Superconductor believes it has the largest research and development effort on second generation HTS wire technology in the world. The new licensing agreement with ORNL is accompanied by a joint research and development agreement, which American Superconductor will fund and which will further expand the company's HTS wire development efforts. American Superconductor will have exclusive rights to all technology generated under this program.

I don't give a rat's *** about the current tech selloff. AMSC's stock price will be back by and by, stronger than ever.


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