Superconductor Tech (SCON) Reports Q1 Loss of $0.07

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Superconductor Technologies Reports 2016 First Quarter Results

May 12, 2016 6:30 AM EDT

AUSTIN, Texas, May 12, 2016 (GLOBE NEWSWIRE) -- Superconductor Technologies Inc. (STI) (Nasdaq: SCON) reported financial results for the quarter ended April 2, 2016.

The advantages of superconducting devices over conventional methods for power and electric grid applications is driving commercialization of superconducting products around the world, stated Jeff Quiram, STIs president and chief executive officer. In particular, the demand for superconducting fault current limiters (SFCLs) and high efficiency generators has gained momentum as utilities and governments seek to protect the electrical grid, improve efficiency and reduce carbon emissions. In this rapidly expanding market, industry participants are... More