FYI : today's SCON news
Superconductor Technologies Inc. -STI- Receives Purchase Order
for 27 <SCON.O>
Superconductor Technologies Inc.
-STI- Receives Purchase Order for 27 SuperFilter-R- Systems From
Cellular Service Provider; Backlog Increases to 56 SuperFilter-R-
Systems; Over 200 SuperFilter-R- Systems Deployed and Operational
SANTA BARBARA, Calif.--(BUSINESS WIRE)--Feb. 16, 2000--
Superconductor Technologies Inc. (NASDAQ: SCON) ("STI"), a leading
developer and manufacturer of superconducting products for wireless
communications and wireless Internet access, today announced that it
has received a purchase order for 27 SuperFilter(R) Systems from a
cellular service provider increasing the backlog to 56 systems.
M. Peter Thomas, President and Chief Executive Officer, stated:
"We have shipped and deployed more than 200 SuperFilter(R) Systems
over the last two years as well as continuing to trial systems with
all of the major domestic cellular service providers. With cellular
customers beginning to view wireless as an alternative to wireline
phones and the growth of traditional cellular and newer digital
networks we are well positioned to capitalize on the trends in the
wireless telecommunications market.
"We are excited by the increase in the demand for our
SuperFilter(R) Systems. Both our first generation and
soon-to-be-released second generation SuperFilter(R) Systems are
advanced, state-of-the-art products. We will soon be announcing a new
line of SuperFilter(R) products for the new third generation (3G)
high-bandwidth networks for wireless communications and wireless
Internet access.
"Superconductor Technologies, Inc. has been a pioneer in
bootstrapping the superconducting industry from its beginnings many
years ago. We have been, and continue to be, a leader in moving
superconducting-based products into the mainstream as a means of
enhancing cellular, personal communications services and wireless
Internet access networks. Our products have been accepted and
installed by major wireless providers across the country and
internationally. They are being used by our customers for both analog
and digital mobile telephony base stations, supporting most
transmission protocols (GSM, AMPS, TDMA and CDMA) with a particular
strength in CDMA, which is rapidly becoming the technology favorite
for third-generation wireless communications and wireless Internet
access networks.
"STI has an enviable track record of offering our customers
products that have the ability to markedly improve performance. In a
recent conversation with Wireless Design Online, I said that I believe
that the technology is to the point where it has excellent benefits
to wireless infrastructure, especially for digital and data
applications. The next step in applying the technology is to
demonstrate without a doubt that it will enable significant
improvements to wireless data transmission and 3G applications.'
"We have a sophisticated manufacturing facility, which we believe
is the only such thin film facility in the industry at the present
time able to meet current industry demand, with facility expansion
plans already in place. We have already developed a suite of second
generation products, with enhanced capabilities that are completing
the final stages of quality assurance testing prior to their
commercial release to the wireless and Internet access markets.
"We believe that we are well positioned to mine the opportunities
that will be available to us as result of the rapidly growing wireless
communications and wireless Internet access markets. In the wireless
telephony area alone, we have seen wireless subscriber growth
projections of more than one billion subscribers by 2002, with usage
anticipated to outpace subscriber growth. To meet that growing demand,
network operators will need to handle an anticipated quadrupling of
subscribers and an eightfold increase in the number of minutes
provided. Our superconducting-based products can help network
operators meet these demands in a cost-effective manner."
Superconductor Technologies Inc. (NASDAQ: SCON) is a leading
developer and manufacturer of superconducting products for wireless
communications and wireless Internet access. The Company has
additional applications in government communications and cryogenic
markets. With headquarters in Santa Barbara, California,
Superconductor Technologies Inc. ("STI") designs and manufactures
systems for high-performance wireless applications, including
SuperFilter(R) Systems that utilize high-temperature superconducting
technology, along with proprietary cryogenic cooling, to create a
front-end filter and amplifier system utilized in wireless base
stations to enhance their performance. These enhancements include
extending the range of the base station, lowering dropped calls,
enabling otherwise difficult handoffs, improving call quality and, in
general, improving customer service and cell site traffic for the
wireless service provider.
Additional information on STI may be obtained by visiting the
Company's web site at suptech.com.
"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995: The statements contained in this press release
that are not purely historical are forward-looking statements within
the meaning of Section 27A of the Securities Act and Section 21E of
the Exchange Act, including without limitation, statements regarding
the Company's expectations, beliefs, estimates, intentions and
strategies about the future. Words such as "anticipates", "expects",
"intends", "plans", "believes", "seeks", "estimates", variations of
such words and similar expressions are intended to identify such
forward-looking statements. These statements are not guarantees of
future performance and are subject to certain risks, uncertainties and
assumptions that are difficult to predict; therefore, actual results
may differ materially from those expressed or forecasted in any such
forward-looking statements as a result of certain factors including,
but not limited to, product demand and market acceptance risks,
general economic conditions, the impact of competitive products,
technologies and pricing, equipment capacity constraints or
difficulties, and other risks described in the Company's Securities
and Exchange Commission filings.
SuperFilter(R) is a registered trademark of Superconductor
Technologies Inc. All other marks are properties of their respective
owners.
--30--rc/ny*
CONTACT: Superconductor Technologies Inc.
M. Peter Thomas, 805/683-7646
www.suptech.com
or
Kehoe, White, Van Negris & Company, Inc.
Van Negris/Philip J. Denning, 212/396-0606 |
