Superconductor Tech (SCON) To Participate In 700 MHz Field Trial for a Tier-One U.S. Wireless Operator

April 20, 2009 4:32 PM EDT

Superconductor Technologies Inc. (Nasdaq: SCON) said it will be participating with a major wireless original equipment manufacturer in a long-term evolution field trial with a tier-one U.S. wireless operator for its new 700 megahertz (MHz) network. The trial is scheduled to be completed in the fourth quarter of 2009.

CEO Jeff Quiram said, "We believe there is a significant opportunity for our unique filtering technology to address the major interference challenges of the 700 MHz spectrum. This non-exclusive arrangement allows STI to demonstrate the value of our capabilities to our OEM partner. The successful completion of this trial should enable STI to participate in the upcoming 700 MHz network deployments with our SuperLink solution integrated into a state-of-the-art LTE network platform. As a recognized expert in providing high performance front-end receiver solutions that eliminate interference, STI can assist our partner in meeting the demanding requirements of these networks."

NOTE: Shares of SCON spiked 92% today and 52% on Friday before the news.

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