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STI announces progress on multiple fronts +6

12:26 20-Jul-15


Superconductor Technologies, Inc. has announced that it has completed qualification of its wire with Robinson for use in Roebel Cable, which is used in high-field magnets, transformers, utility-scale generators and large motors.

The press release also mentions progress with SCFL customers (superconducting fault limiters), which are the nearest term revenue opportunity for STI's Conductus wire.  Jeff Quiram, the CEO remarks,
We believe our SFCL customers have transitioned from a specification driven pass or fail testing methodology to a much more collaborative effort that involves business items such as forecasts, delivery lead times and price. Conductus wire is very close to passing all tests, and we are encouraged by our customers' confidence that our wire will be qualified in the next few months. In parallel, we have initiated business discussions to ensure product availability matches demand.
All of this leads to greater confidence that shareholder will see revenue before there is need for more dilution for SCON owners.  I've touched before on the world-wide need to upgrade electrical grids and facilities and STI's role there. The magnet applications, will also lead to use of the wire for many uses in research and medical imaging.  I could easily see this announcement pushing SCON back up towards the $2 range, but the company won't graduate to full coverage until new revenue is assured.