Superconductor Technologies To Explore Strategic Alternatives
SUPERCONDUCTOR TECHS INC (SCON)
Last superconductor techs inc earnings: 11/12 06:30 am
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Source: GlobeNewswire
AUSTIN, Texas, Oct. 29, 2019 (GLOBE NEWSWIRE) -- Superconductor Technologies Inc. (STI) (Nasdaq: SCON) today announced that its Board of Directors, supported by its management team, has commenced a process to explore strategic alternatives focused on maximizing shareholder value. Jeff Quiram, STI’s president and CEO, stated “We have made significant strides in the development of our best in class Conductus 2G HTS wire for superconducting magnet applications. The customer interest in high performance magnet wire has never been higher, driven in part by the next generation fusion devices being developed by multiple well-funded companies. As we continue to focus our efforts on ramping production capacity to enhance shareholder value organically, the Board has initiated a review to investigate potential strategic alternatives to best position the company for the future.” Strategic alternatives to consider may include, among others, a strategic investment financing which would allow th
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