Boston, MA 03/19/2014 (wallstreetpr) – Superconductor Technologies, Inc. (NASDAQ:SCON) a global leader in the development of high temperature superconducting materials has announced it has entered into a non-exclusivity license agreement with an international company for a wireless patent developed by STI.
STI as part of the agreement will be eligible to receive cost savings on support equipment for its Conductus HTS wire. The equipment is expected to more than double STI capabilities once capacity volumes start increasing.
The agreement seem to have had an immediate impact on the company’s stock which in the recent weeks has been surging in the market. The company is already surging this week having surged by 19% in the previous week
Superconductor Technologies shipping news wires to nine Customers
Positive news continue to come out of Superconductor Technologies with recent announcement that its flag ship high performance temperature tolerant superconducting wires which are patented under Conducts R are expected to be delivered to nine new customers.
Six of the nine customers are new and are expected to put the newly introduced wires into various evaluator’s tests for production set up purposes. The Conductus R wires have already demonstrated their capabilities to perform extremely well under high temperatures with speeds of connectivity for conduction of current through wires not affected.
Superconductor Technologies, Inc. (NASDAQ:SCON) reports that 4 of the 9 customers have already progressed to the next state of testing the wires with the remaining five in the first stage of testing. The wires being tested are the 10mm and 4mm type and are being tested on their ability to hold on to their properties when conducting high voltage currents.
Ordinary wires have been known to melt when subjected to high voltage currents levels of up to 450 Amps per. The wires are also being tested on their ability and efficiency when subjected to fault current limiters as well as when carrying high power.
The company’s Chief executive officer maintains that their pilot production RCE-CDR equipment has with success produced wires that have been able to achieve high critical current performance.
