2 new press releases by CDTS:
----------------------------------------------------------------------
Conductus, Inc. Files For Secondary Public Offering Of 1,000,000 Shares Of Common Stock
SUNNYVALE, Calif., May 15 /PRNewswire/ -- Conductus, Inc. (Nasdaq: CDTS), today announced that is has filed a registration statement with the Securities and Exchange Commission for a proposed secondary public offering of 1,000,000 shares of Common Stock, all of which are being sold by the company. The company has granted to the underwriters an option to purchase 150,000 additional shares from the company for the purpose of covering over-allotments, if any. Conductus' Common Stock is traded on the Nasdaq National Market, under the symbol CDTS. Tucker Anthony Incorporated and Pennsylvania Merchant Group Ltd are acting as co-managers of the proposed underwriting group.
Conductus develops, manufactures and markets electronic components and subsystems based on superconductors. The unique properties of superconductors provide the basis for electronic products with significant potential performance advantages over products based on competing materials such as copper and semiconductors. Depending on the application, these advantages can include enhanced sensitivity, efficiency, speed and operating frequency, as well as reduced power consumption, size, weight and cost. Conductus is currently focusing significant development efforts on applications for superconductors in the areas of communications, healthcare and instrumentation.
Following the filing of the registration statement with the Securities and Exchange Commission, a copy of the prospectus relating to the offering may be obtained from Tucker Anthony Incorporated, Prospectus Department, One Beacon Street, 3rd Floor, Boston, MA 02108-3106, phone 617-725-2187, fax 617-725-2280, or from Pennsylvania Merchant Group Ltd, Suite 390, Fidelity Court, 259 Radnor-Chester Road, Radnor, PA 19087, phone 610-254-8888 ext. 6120, fax 610-254-8899.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state of jurisdiction.
---------------------------------------------------------------------
Conductus Completes Additional Rural Cellular Field Tests Superconductive Receiver Front-End Improves Base Station Performance
SUNNYVALE, Calif., May 22 /PRNewswire/ -- Conductus, Inc., (Nasdaq: CDTS), a pioneer in the commercialization of superconductive electronics, has successfully completed two additional rural field tests of its ultra-low-noise receiver subsystem for cellular base stations. The Condtuctus subsystem is designed to provide enhanced range, improved coverage and improved signal quality in rural cellular sites by combining a superconductive bandpass filter with a cryogenic low-noise amplifier.
These latest tests were conducted at a Cellcom site in Wisconsin and in a Kansas Cellular site in Kansas. In both cases, the Conductus front- end receiver subsystem provided range and coverage improvements in the cell site service area due to the system's increased uplink sensitivity.
Increased uplink sensitivity provides a basestation with the ability to clearly receive weaker signals and potentially reduces the number of costly basestations in a given area. Coverage problems in base stations, such as dropped calls, poor audio quality and poor reception in hilly terrain are symptomatic of limited uplink sensitivity. Rural operators, in particular, are requiring improved cell-site coverage and extended range from their networks as consumers increase their demand for high-quality service from lower-power (0.6 watt) portable phones (compared to 3-watt mobile phones).
In the Cellcom site test outside Green Bay, Wisconsin, the superconductive receiver increased the sensitivity of the base station's uplink by a factor of two, or 3 dB. Driving tests in the surrounding area verified that the base station's range increased by 21 percent from 14 miles to 17 miles in a situation where station line-of-sight range was limited by heavy terrain.
"Conductus is the first to offer this level of improvement with their equipment-room solution," said Jim Lienau, director of engineering for Cellcom. "We're looking at their system to help us increase coverage between adjacent cells as well as within cells, especially during summer months when increased traffic and heavy foliage present the most problems."
Lienau pointed out that Cellcom was impressed with the level of improvement the Conductus front-end provided in sections of their network suffering from poor portable coverage (0.6-watt handheld phones) -- places where they would otherwise experience a much higher percentage of dropped calls. He said Cellcom is now working with Conductus to define the terms of a beta field trial to help confirm the value of the range and coverage improvements noted in this initial field test.
In the Kansas Cellular field test conducted near Hutchinson, Kansas, the Conductus front-end was installed at a cell site with an existing very-low-noise receiver that maximized uplink sensitivity by using only minimal filtering in the receiver. In this test, the Conductus system was still able to increase the measured range of the station 16 percent, from 25 miles to 29 miles, while also providing far superior filtering characteristics.
"As a result of these improvements, we are interested in the possibility of conducting beta tests to further determine the ability of this new front-end technology to meet our needs," said Bob Mater, director of engineering for Kansas Cellular. "We need to reduce the occurrence of dropped calls, and the Conductus front-end system looks like it may be able to help us accomplish that."
These recent tests are part of a continuing program that has included earlier successful tests with GTE, formerly Contel Cellular, in Fresno, California last February, and with Peninsula Wireless Communications last November.
"These tests are validating our application model and determining what combination of uplink performance and terrain make the best match for our ultra-low-noise front-end product," said Stephen Garrison, product marketing manager for wireless communications at Conductus. "Our system has enabled noise floor reductions ranging from 2 to 4 dB in the tests to date, which equate to range extensions from 20 to 60% without the effects of terrain and other obstacles. Forthcoming beta trials will be designed to demonstrate the benefits of improved coverage, including reduced dropped calls for 0.6-watt portables and improved audio quality. We believe that our 'plug-and-play' retrofit solution for rural cell sites -- without the need for tower-top mounting -- is more cost-effective than the alternative of building new cell sites to extend or improve the coverage of rural cellular networks for lower-power handsets." |
