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Stock impact report

AMSC Announces $9 Million Wind Turbine Electrical Control System Order from Doosan Heavy Industries

American Superconductor Corp (AMSC)  More Company Research Source: GlobeNewswire
Last american superconductor corp earnings: 2/5 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.amsc.com/investor-relations
PDF AYER, Mass., Aug. 15, 2019 (GLOBE NEWSWIRE) -- AMSC (NASDAQ: AMSC), a global energy solutions provider serving wind and power grid industry leaders, today announced it has received a $9 million order for its 5.5 megawatt (MW) wind turbine electrical control systems (ECS) from Doosan Heavy Industries & Construction Co., Ltd. (Doosan), South Korea’s premium wind turbine manufacturer. AMSC signed an agreement with Doosan in calendar year 2017 for the rights to design and exclusively supply ECS units to Doosan’s 5.5-megawatt offshore wind turbine. The initial 5.5 MW systems were ordered in January 2018, and AMSC expects to complete shipments under this follow-on order by no later than fiscal year 2020. “We believe that this order represents the beginning of Doosan’s transition into volume production with one of the world’s largest offshore wind turbines,” said Daniel P. McGahn, Chairman, President and CEO, AMSC. “As the South Korean wind market grows and Doosan positions itself for ex [Read more]
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