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AMSC Announces Nearly $100 Million in New Contracts including India

American Superconductor Corporation, a global power technologies company, Friday announced its recent successes in the wind power and power grid markets, including nearly $100 million in new contracts since the start of the company’s fiscal year on April 1, 2011. AMSC signed contracts with wind turbine manufacturers in China, India and Korea. Within its Grid segment, AMSC received orders for its grid interconnection and high voltage stability solutions in the U.S. and Europe and made a key high temperature superconductor wire shipment to South Korea.

“We are pleased to announce these key accomplishments across the Americas, Europe and Asia and our Wind and Grid solutions,” said AMSC President and Chief Executive Officer Daniel McGahn. “Through our best-in-class wind turbine designs, superior electrical control systems, and highly efficient transmission and distribution products, AMSC solutions are serving as a catalyst for customer success and providing cleaner, smarter and more efficient energy for the world.”

AMSC’s Windtec solutions are helping wind turbine manufacturers lower the cost of renewable energy. AMSC’s advanced wind turbine designs, extensive customer support services and leading-edge electrical control systems (ECS) are aimed at maximizing wind turbine performance, efficiency and reliability.

In India, AMSC signed a new contract to deliver wind turbine ECS to Inox Wind Limited. Shipments under this order are expected to begin in late calendar year 2011 and conclude in 2012. Inox Wind, part of the Inox Group, chose AMSC as part of its plan to build, own and operate more than 2,000 MW of wind power assets in the next five years. Inox Wind is manufacturing 2 MW turbines with superior power curves under an AMSC license.

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