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American Superconductor Selected by United Defense For U.S. Army's
Electro-Thermal Chemical Gun Project
AMSC To Develop High Voltage Charger For Advanced Weapon's Firing System Using
Its PM1000 PowerModule(TM) Power Electronic Converters
WESTBOROUGH, Mass., Nov. 24 /PRNewswire-FirstCall/ -- American Superconductor
Corporation , a leading electricity solutions company, today announced that it
has been selected by United Defense Industries, Inc. , as a subcontractor for
the Electro-Thermal Ignition Pulsed Power System (ETIPPS) that United Defense is
developing for the U.S. Army Armament Research, Development and Engineering
Center (ARDEC). ETIPPS is a firing system that is being designed for use with
electro-thermal chemical (ETC) guns, an advanced weapon technology for future
artillery, battle tank and infantry fighting vehicles. AMSC is using its PM1000
PowerModule power electronic converters to develop a high voltage charger (HV
charger) for ETIPPS. The HV charger will convert the 600 volts supplied by the
military vehicle's battery system to the 7,000 volts of charging power needed to
arm ETIPPS prior to firing the weapon. This PM1000 application follows one
announced by AMSC in May 2003, in which the PM1000 was selected for use in a
shipboard generator application for the British Royal Navy (see
http://www.amsuper.com/html/newsEvents/news/105309461641.html).
(Logo: http://www.newscom.com/cgi-bin/prnh/20020702/AMSCLOGO )
"American Superconductor's proven ability to design and deliver state-of-
the-art high voltage solutions quickly makes them an ideal technology partner
for the ETIPPS project," said Juleigh Herbig, leader of the ETIPPS Project at
United Defense. "Their PM1000 power converters have a flexible, modular design,
are extremely compact and offer very high power density - all critical
attributes for ETIPPS. We look forward to working closely with AMSC on this
important new gun technology for the U.S. Army."
ETC guns use pulsed power, in which large amounts of stored electrical energy
are released over a matter of milliseconds, to augment and control the release
of chemical energy from conventional and advanced projectile propellants.
ETIPPS is a gun firing system that uses pulsed power to ignite the propellant
used by an ETC gun. ETC guns can fire smart munitions, insensitive munitions,
and conventional rounds and are more accurate than conventional guns.
"Our selection by United Defense for this important project is a tribute to the
extraordinary capability of our PM1000 PowerModule power electronic converters,"
said Chuck Stankiewicz, vice president and general manager of the Power
Electronic Systems business unit at American Superconductor. "This is the
second defense industry order for our PM1000 converters this fiscal year. We are
seeing increasing interest from defense sector companies who are learning what
our electric power grid customers know - our PowerModule-based systems are
robust and reliable and they are also particularly well-suited to rapid
prototyping, which helps keep challenging projects such as ETIPPS on track."
About PM1000 PowerModule(TM) Power Electronic Converters
AMSC's family of PowerModule power converters has been proven in the field with
hundreds integrated into numerous power electronic solutions. The PM1000 is the
latest AMSC power electronic converter and operates with high efficiency in a
very small package. PM1000 power converters are based on AMSC's Power
Electronic Building Block (PEBB) technology, a highly flexible, programmable and
scalable design architecture that enables them to be employed in a variety of
applications. The PM1000 is an intelligent and fully integrated, compact power
converter that yields a very high power density. For a given power conversion
application, the volume of a PowerModule-based solution is typically one-third
the volume of other converter solutions on the market. For more information on
AMSC's PowerModule product line, please see
http://www.amsuper.com/html/products/powerConversion/index.html.
About United Defense
United Defense designs, develops and produces combat vehicles, artillery, naval
guns, missile launchers and precision munitions used by the U.S. Department of
Defense and allies worldwide, and provides non-nuclear ship repair,
modernization and conversion to the U.S. Navy and other U.S. Government
agencies. To learn more about United Defense, visit
http://www.uniteddefense.com/.
About American Superconductor Corporation (NASDAQ:AMSC)
AMSC is a world-leading supplier of dynamic reactive power grid stabilization
products and the world's principal vendor of high temperature superconductor
(HTS) wire and large rotating superconductor machinery. AMSC's power electronic
converters and HTS wire are at the core of a broad range of new electricity
transmission and distribution, transportation, medical and industrial processing
applications, including dynamic reactive power grid stabilization solutions,
large ship propulsion motors and generators, smart, controllable, superconductor
power cables and advanced defense systems. The company's products are supported
by hundreds of patents and licenses covering technologies fundamental to
Revolutionizing the Way the World Uses Electricity(TM). More information is
available at www.amsuper.com.
American Superconductor, PM1000, PM1000 PowerModule, PowerModule and
Revolutionizing the Way the World Uses Electricity are trademarks of American
Superconductor Corporation. All other trademarks are the property of their
respective owners.
Any statements in this release about future expectations, plans and prospects
for the Company, including statements containing the words "believes,"
"anticipates," "plans," "expects," "will" and similar expressions, constitute
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. There are a number of important factors that
could cause actual results to differ materially from those indicated by such
forward-looking statements. Such factors include: uncertainties regarding the
Company's ability to obtain anticipated funding from corporate and government
contracts, to successfully develop, manufacture and market commercial products,
and to secure anticipated orders; the risk that a robust market may not develop
for the Company's products; the risk that strategic alliances and other
contracts may be terminated; the risk that certain technologies utilized by the
Company will infringe intellectual property rights of others; the competition
encountered by the Company, including several large Japanese companies.
Reference is made to these and other factors discussed in the "Management's
Discussion and Analysis of Financial Condition and Results of Operation" section
of the Company's most recent quarterly or annual report filed with the
Securities and Exchange Commission. In addition, the forward-looking statements
included in this press release represent the Company's views as of the date of
this release. While the Company anticipates that subsequent events and
developments may cause the Company's views to change, the Company specifically
disclaims any obligation to update these forward-looking statements. These
forward-looking statements should not be relied upon as representing the
Company's views as of any date subsequent to the date this press release is
issued.
AMSC Media Contacts:
Adam Banker
+508-621-4375
AMSC Investor Contact:
Mary Ryan
+508-621-4432
http://www.newscom.com/cgi-bin/prnh/20020702/AMSCLOGO
http://photoarchive.ap.org/
DATASOURCE: American Superconductor Corporation
CONTACT: Media, Adam Banker, +508-621-4375, , or
Investor, Mary Ryan, +508-621-4432, , both of American
Superconductor Corporation
Web site: http://www.amsuper.com/