Superconductor Technologies Inc. (STI) reported results for the first quarter 2013

STI entered 2013 positioned to begin pilot production. STI is executing the strategy to commercialize Conductus® wire by establishing a diversified customer base with a variety of superconducting needs. STI announced receipt of purchase orders from several strategic customers that are qualifying Conductus wire in specific product designs. The order backlog has continued to grow. Targeting near-term and existing applications, thee company has aligned its 2013 production output to fulfill purchase orders for customers actively producing superconducting products. The current orders and other commitments will consume all of the wire they can produce at least until the third quarter of 2013.

The STI top priority is to ship Conductus wire to customers to complete product evaluations. They remain intensely focused on turning up their pilot RCE machine to produce longer lengths of wire for the existing customer purchase orders and tests. Most of the pending customer orders are for wire that attains critical current of 250 amperes (amps) to 400 amps per centimeter-width. In addition, they continue to focus efforts on producing lengths of wire that provide a critical current of 500 amps per centimeter-width for our most demanding present commitment, the cable demonstration project. The remainder of 2013 will be used to implement the plans to produce Conductus wire on a commercial scale in 2014.