21.05.15

AMSC: Contract From U.S. Navy

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DEVENS - AMSC (Nasdaq:AMSC), a global solutions provider serving the wind and power grid industry, announced that the U.S. Navy awarded a contract worth up to $8.5 million to provide high temperature superconductor (HTS)-based ship protection system equipment.

"We've worked with the U.S. Navy for a number of years on the deployment of these systems, and we are pleased to have a contract vehicle in place that will allow the U.S. Navy to purchase ship protection system equipment," said Daniel P. McGahn, President and CEO, AMSC.

AMSC and the U.S. Navy have collaborated on AMSC's advanced HTS degaussing system. The core components of the degaussing system are transferable to other applications being targeted for ship implementation. AMSC is continuing its work to expand HTS technology into the fleet through a variety of applications for power, propulsion, and protection equipment. AMSC refers to its HTS-based protection products for the U.S. Navy as "Ship Protection Systems."

About AMSC(Nasdaq:AMSC)

AMSC generates the ideas, technologies and solutions that meet the world's demand for smarter, cleaner … better energy. Through its Windtec™ Solutions, AMSC provides wind turbine electronic controls and systems, designs and engineering services that reduce the cost of wind energy. Through its Gridtec™ Solutions, AMSC provides the engineering planning services and advanced grid systems that optimize network reliability, efficiency and performance. The company's solutions are now powering gigawatts of renewable energy globally and enhancing the performance and reliability of power networks in more than a dozen countries. Founded in 1987, AMSC is headquartered near Boston, Massachusetts with operations in Asia, Australia, Europe and North America. For more information, please visit www.amsc.com.
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