17.5.2007: Meldung: American Superconductor Corp.: Orders for Australian Mining and Wind Farm Operations
Title: AMSC Receives D-VAR(R) Orders for Australian Mining and Wind Farm Operations
Date: 5/16/2007 7:30:12 AM
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-- South Australian Copper and Gold Mine Adopts D-VAR Solution to Resolve Power Quality Issues -- AMSC"s D-VAR Grid Interconnection Product to Serve More than 25 Percent of Australia"s Installed Base of Wind Energy
WESTBOROUGH, Mass., May 16, 2007 -- American Superconductor Corporation (NASDAQ: AMSC), a leading energy technologies company, announced today it has received two new orders for its D-VAR(R) voltage regulation solution for use in Australian mining and wind farm operations.
AMSC is supplying a D-VAR system to a copper-gold mine in South Australia to mitigate power fluctuations stemming from the mining operation. Without AMSC"s D-VAR system, voltage fluctuations caused by motor starts that occur during the mine"s operation would create severe power disturbances for the local utility. Delivery of the system is scheduled for the second half of calendar 2007.
This order represents AMSC"s fourth order for voltage regulation solutions in the industrial market. Previous orders include two semiconductor fabrication facilities in the U.S., including Micron Technology"s operations in Boise, Idaho and a mining operation in Canada. To read a case history of AMSC"s power quality solution implemented at the Micron Technology semiconductor fab, visit http://www.amsuper.com/documents/MCRN_CS_0207_A4_FINAL.pdf.
"Adoption of our D-VAR solutions in the industrial sector to enhance productivity is in the early stages of what we believe will be a substantial area of growth," said Greg Yurek, founder and CEO of AMSC. "We anticipate that sales to industrials in the next 12 months and beyond will add to the revenue growth we are already achieving in the wind and electric utility sectors."
The company also reported today that it received a follow-on D-VAR order from Suzlon Energy Australia Pty. Ltd. to meet standards for interconnection of a wind farm to the power grid. This system will be installed along with two other AMSC D-VAR units at a utility substation connecting Snowtown Wind Farm with the power grid in South Australia. The wind farm is owned by TrustPower of New Zealand and consists of 42 Suzlon S88 2.1 megawatt (MW) wind turbine generators, for a total capacity of 88.2 MW.
In late 2006, Suzlon ordered five D-VAR systems that will be shipped later this year and will be employed at Snowtown and Hallett Wind Farm, also located in Australia. AMSC"s solution will provide voltage regulation, power factor correction and voltage ride-through for the wind farms in accordance with specifications set forth by the local utility and regulatory body. Delivery of this most recently ordered system is expected in the second half of calendar 2007.
Snowtown will be the 28th wind farm worldwide and the third wind farm in Australia to utilize AMSC"s D-VAR systems. AMSC will be serving 342 MW of wind power in Australia alone, which will represent approximately 28 percent of the 1,221 MW of capacity expected to be on line by the end of 2007, according to BTM Consult. AMSC now has an installed base and orders for D-VAR and PowerModule(TM) solutions to serve more than 3,300 MW of wind power worldwide.
AMSC (American Superconductor Corporation - NASDAQ: AMSC) is a leading energy technologies company. The company develops and sells a wide range of products and solutions based on power electronic systems and high temperature superconductor (HTS) wires that dramatically improve the efficiency, reliability and quality of electricity during its generation, transmission, distribution and use. The company is a dominant force in alternative energy, offering grid interconnection solutions as well as licensed wind energy designs and electrical systems. As the world"s principal supplier of HTS wire, AMSC is enabling a new generation of compact, high-power electrical products, including motors, generators, power cables, grid-level surge protectors, and advanced transportation and defense systems. AMSC also provides utility and industrial customers worldwide with voltage regulation systems that dramatically enhance power grid capacity, reliability and security, as well as industrial productivity. The company"s technologies are protected by a broad and deep intellectual property portfolio consisting of hundreds of patents and licenses worldwide. More information is available at www.amsuper.com.
American Superconductor and design, Revolutionizing the Way the World Uses Electricity, AMSC, Powered by AMSC, SuperVAR, D-VAR, DVC, PQ-IVR, PowerModule and Windtec are trademarks or registered trademarks of AMSC.
SOURCE: American Superconductor Corporation
American Superconductor Corporation (NASDAQ: AMSC)
Jason Fredette, 508-621-4177
Director of Investor & Media Relations