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The Windtec purchase price was 1.3 million shares of AMSC common stock

This is not a big price given the growth and profitability of this company:

For the 12 months ending December 31, 2006, Windtec estimates that its total revenues were approximately $13 million and its net income was approximately $1 million, or eight percent of revenues. This is up significantly from $2.7 million in revenues and a break-even bottom line for the 12 months ended December 31, 2005. As of January 5, 2007, Windtec had approximately $35 million of existing backlog, more than $20 million of which AMSC expects to recognize as revenues in fiscal 2008, ending March 31, 2008.

Ah, but here is the best part:

From a financial perspective, Windtec provides American Superconductor with a powerful revenue growth catalyst as well as an immediate source of strong cash flow. The company expects the acquisition to have an accretive impact on AMSC's earnings beginning in the quarter ending June 30, 2007, which will be Windtec's first full quarter of operations as an AMSC subsidiary.

Accretive. Love that word!

Here is the link to the press release:

http://biz.yahoo.com/bw/070108/20070108005578.html?.v=1

W.D.
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