Superconductor Tech (SCON) Reports Q2 Loss of $1.14/Share

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Go back to Superconductor Tech (SCON) Reports Q2 Loss of $1.14/Share

Superconductor Technologies Reports 2016 Second Quarter Results

August 11, 2016 6:30 AM EDT

AUSTIN, Texas, Aug. 11, 2016 (GLOBE NEWSWIRE) -- Superconductor Technologies Inc. (STI) (Nasdaq: SCON) reported financial results for the quarter ended July 2, 2016.

In the second quarter, we made significant progress in our efforts to improve our Conductus wires mechanical strength, stated Jeff Quiram, STIs president and chief executive officer. After enhancing our HTS wire template process, we achieved target mechanical properties in testing. Our plan is to implement these architecture enhancements on our existing production equipment by utilizing our design that prioritizes the ability to scale quickly and economically. Our current efforts are focused on... More