Superconductor Tech (SCON) Reports Q3 Loss of $0.93

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Superconductor Technologies Reports 2016 Third Quarter Results

November 10, 2016 6:30 AM EST

AUSTIN, Texas, Nov. 10, 2016 (GLOBE NEWSWIRE) -- Superconductor Technologies Inc. (STI) (Nasdaq: SCON) reported financial results for the quarter ended Oct.1, 2016.

In the third quarter, STIs HTS wire program focused on demonstrating our market leading critical current performance when using our strengthened wire template, stated Jeff Quiram, STIs president and chief executive officer. We significantly improved our Conductus® wire performance during the quarter, attaining approximately 80% of our goal while maintaining our target properties for mechanical strength. Once the full specification is achieved, we plan to ship wire promptly to key customers to complete existing qualification... More