Superconductor Technologies Reports Second Quarter 2018 Results
SUPERCONDUCTOR TECHS INC (SCON)
Last superconductor techs inc earnings: 11/12 06:30 am
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Source: GlobeNewswire
AUSTIN, Texas, Aug. 14, 2018 (GLOBE NEWSWIRE) -- Superconductor Technologies Inc. (STI) (Nasdaq: SCON) reported financial results for the three and six months ended June 30, 2018. Jeff Quiram, STI’s president and CEO, stated, “In the second quarter of 2018, we generated $793,000 in government contract revenues from our Department of Energy project, bringing the total from the project start in June 2017 through the end of the second quarter to $1.5 million. Many in the electrical device industry recognize that 2G HTS wire, such as our Conductus wire, is the key enabling technology for next generation electric machines (NGEMs). As previously announced, we successfully achieved the key wire performance milestones for the first year of our DOE NGEM project. Our primary focus for year two of the program is to demonstrate our capability to produce ‘best-in-class’ Conductus wire in quantity.” In conjunction with project partners TECO Westinghouse Motor Company (TECO), Massachusetts Inst
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