Superconductor Technologies (SCON) Higher on Patent Announcement

December 4, 2012 10:09 AM EST
Superconductor Technologies Inc. (Nasdaq: SCON) announced the U.S. Patent and Trademark Office (USPTO) has issued a critical patent on STI's Reactive Co-Evaporation Cyclic Deposition and Reaction (RCE-CDR) device and method for fabricating HTS thin films for 2G HTS wire. The newly issued patent, U.S. Patent No. 8,290,553, is entitled "Device and Method for Fabricating Thin Films by Reactive Evaporation" and expires in 2025.

"This patent issuance represents another step forward in the execution of our intellectual property (IP) strategy in conjunction with our Conductus® 2G HTS wire development," said Jeff Quiram, STI's President and CEO. "As part of our strategy to capture market potential, we are utilizing existing IP as the foundation for the commercial development of Conductus 2G HTS wire. We will continue to focus on strengthening our global IP portfolio to support our growing market position."

In addition, the European Patent Office recently indicated that it is prepared to grant a patent on STI's optimized composition of yttrium barium copper oxide (YBCO), expanding the US Patent 7,867,950 issued January 11, 2011, stated SCON.

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