American Superconductor wins 3 million meter wire order

Devens, Mass., October 6, 2010 — American Superconductor Corp., a global power technologies company, won its largest order to date for high temperature superconductor wire.

Power cable manufacturer LS Cable, placed an order for 3 million meters (nearly 10 million feet) of Amperium wire — AMSC‘s proprietary second generation HTS wire.

LS Cable will use the wire to complete alternating current and direct current superconductor cable projects globally. Under the terms of the contract, AMSC is to begin shipping Amperium wire to LS Cable starting in 2012.

“Our objective is to be the leading provider of superconductor power cables for electric utilities worldwide,” said LS Cable President Jong-ho Son. “This Amperium wire contract helps ensure we will have the wire we need to complete the superconductor cable projects we have underway with KEPCO in Korea and also take on commercial project opportunities globally such as Tres Amigas in the U.S.”

This contract builds on AMSC’s long-standing relationship with LS Cable. In March 2010, the companies expanded their strategic business alliance by agreeing to work collaboratively to deploy more than 31 circuit miles of superconductor power cables in commercial power grids by the end of 2015.

This strategic alliance focuses on the full spectrum of superconductor cable projects, including distribution and transmission voltages as well as AC and DC systems.

“With this commercial wire order, American Superconductor has officially begun to tap into what we believe will be a multi-billion-dollar HTS market,” said AMSC President and Chief Operating Officer Dan McGahn. “Since the discovery of HTS materials more than two decades ago, our company has been the industry’s HTS wire leader and has played a pivotal role in developing and demonstrating various applications for this wire, including power cables. These steadfast efforts are now being rewarded. We are happy to support LS Cable’s growth plans for the global superconductor power cable market.”

In April 2009, AMSC received its first commercial order from LS Cable for about 264,000 feet of its Amperium wire to manufacture a 22.9 kV AC cable system that will be installed in KEPCO Icheon substation near the city of Seoul later in 2010.

Capable of carrying 50 MW of power, the cable system will be nearly a half mile in length, making it the world’s longest distribution-voltage superconductor cable system. LS Cable also is actively developing a 154 kV transmission voltage AC superconductor cable system.

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