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Technology Stocks : ISCO-Illinois Superconductor -- Ignore unavailable to you. Want to Upgrade?

To: WTMHouston who wrote (438)	3/29/2000 7:53:00 AM
From: Ram Seetharaman	Read Replies (1) \| Respond to of 524

Next Illinois Superconductor Introduces Compact New Superconducting Filter System for 2nd Generation Digital Wireless Networks 3/28/00 10:10:39 PM MT. PROSPECT, Ill., Mar 28, 2000 /PRNewswire via COMTEX/ -- Illinois Superconductor Corporation (OTC Bulletin Board: ISCO) announced today the introduction of the industry?s smallest superconducting filter product for digital wireless networks. The ATP(TM) Classic occupies only one cubic foot in volume and is only 6.5" tall in a 19" rack frame. The ATP(TM) Classic will employ Stirling engine cryogenic technology. The ATP(TM) Classic is designed to meet the needs of the current second-generation digital systems (2G and 2.5G, including TDMA, CDMA, and GSM) for superior interference rejection to increase capacity and improve end-user call quality. The ATP(TM) Classic combines the industry?s highest performance filter technology with ISC?s revolutionary failure-proof ATP(TM) (all temperature performance) architecture -- which completely eliminates the reliability risk associated with cryogenically cooled systems. (Photo: NewsCom: newscom.com ) The ATP(TM) Classic is designed for lower power draw (~150 watts input power). In the event of a loss of electrical power, the system retains 80% of the supercooled LNA gain at room temperature, and eliminates the added loss of up to 1.5 dB from mechanical bypass and relay networks required to back-up thin-film superconducting filter products. The compact size and weight (60 lbs. in omni-configuration) allows for one-person installations. The ATP(TM) Classic?s ultimate rejection and intermodulation (IM) performance are superior to those of thin film superconducting products. "The ATP(TM) Classic will be our flagship product for cellular and PCS operators in North America," said Dennis Craig, President of Illinois Superconductor. "The omni-configuration system is about 40% smaller than the smallest products offered by our competitors. And with ATP(TM), our customers will not need the additional expense and space of a conventional back-up filter." "This is a new generation design that gives us a decisive competitive advantage," said Dr. George Calhoun, Chief Executive Officer. "We are combining the best cryogenic technology -- the Stirling engine -- with the very best filter technology. This sets a new standard." "The ATP(TM) Classic better adapts superconducting technology to the operational requirements of the wireless service providers," Dr. Calhoun added. "The operators need products that are small, easy to deploy, and reliable. They do not want to introduce a potential failure point -- that is, the possible loss of power that could take down a base station. The ATP(TM) technology eliminates this risk, without adding a whole back-up system as is necessary with our competitors? products. "We are confident that superconducting solutions provide the least expensive way to gain capacity for many segments of the 2G and 2.5G market. The ATP(TM) reliability solution, and the compact package, will help operators grow more comfortable with the wider deployment of superconducting systems." Illinois Superconductor Corporation is a leader in the commercialization of high temperature superconducting technology for the wireless telecommunications industry. The Company develops, manufactures and markets radio frequency (RF) products to enhance the quality and capacity of cellular telephone, personal communications services and other wireless telecommunications services. More information about Illinois Superconductor Corporation is available on the Company?s Internet web site at ilsc.com . Statements contained in this news release that are not historical facts are forward-looking statements. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and reflect the Company?s current expectations regarding the future results of operations, performance and achievements of the Company. The Company has tried, wherever possible, to identify these forward-looking statements by using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," and similar expressions. These statements reflect the Company?s current beliefs and are based on information currently available to it. Accordingly, these statements are subject to certain risks, uncertainties, and contingencies, which could cause the Company?s actual results, performance or achievements for 2000 and beyond to differ materially from those expressed in, or implied by, such statements. These important factors include, without limitation, the Company?s history of net losses and the lack of assurance that the Company?s earnings will be sufficient to cover fixed charges in the future; the degree to which the Company is leveraged and restrictions imposed on the Company under its existing debt instruments which may adversely affect the Company?s ability to finance its future operations, uncertainty about the Company?s ability to compete effectively against better capitalized competitors and to withstand downturns in its business or the economy generally; the adverse effects on liquidity of the Company?s common stock because of its de-listing from the Nasdaq National Market in June 1999; continued downward pressure on the prices charged for the Company?s products due to the competition of rival manufacturers of front end systems for the wireless telecommunications market; the timing and receipt of customer orders; the Company?s ability to attract and retain key personnel; and the effects of legal proceedings. A more complete description of these risks, uncertainties and assumptions is included in the Company?s filings with the Securities and Exchange Commission, including those described under the heading "Risk Factors" in the Company?s Annual Report on Form 10-K for the fiscal year ended December 31, 1999. The Company undertakes no obligation to update or revise these forward-looking statements to reflect new events or uncertainties. SOURCE Illinois Superconductor Corporation