Superconductor Technologies (SCON) Posts Q4 Loss of $0.61/Share

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Go back to Superconductor Technologies (SCON) Posts Q4 Loss of $0.61/Share

Superconductor Technologies Reports 2016 Fourth Quarter and Year-End Results

March 28, 2017 6:30 AM EDT

AUSTIN, Texas, March 28, 2017 (GLOBE NEWSWIRE) -- Superconductor Technologies Inc. (STI) (Nasdaq: SCON) reported financial results for the quarter and year ended December 31, 2016.

Jeff Quiram, STIs president and CEO, stated, During 2016, we designed and implemented significant performance improvements to our Conductus® HTS wire. Early this year, we attained a 20% increase in critical current carrying capacity on our new wire architecture. In late February, our internal testing delivered results that met specifications for several customers. As a result, we have recently shipped wire to key customers for final qualification in their field applications. In 2017, we plan... More