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Press ReleasesSuperconductive Components, Inc. Announces
Contract
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CONTACT: |
Robert Lentz |
COLUMBUS, Ohio -- July 11, 2003 -- Superconductive Components, Inc. (OTC Bulletin Board: SCCI), today announced an interim contract for approximately $105,000 from the U.S. Department of Energy for a Phase II Small Business Innovation Research ("SBIR") program. The program is intended to determine the feasibility of producing cost effective, kilometer length Bismuth Strontium Calcium Copper Oxide ("BSSCO") 2212 wires for very high field magnets.
The complete Phase II SBIR program is valued at approximately $600,000 and is expected to be determined by the U.S. Department of Energy before the end of September 2003.
Daniel Rooney, Chairman and Chief Executive Officer, commented, "We are pleased to be participating in this program to develop new and innovative applications for high-energy magnets. These efforts are expected to lead to additional research concerning uses for ceramic superconductors in commercial markets such as magnetic resonance imaging for the medical industry. We are committed to leveraging our core competencies in complementary areas of research as well as development of materials for select markets."
Superconductive Components, Inc. focuses its research and development efforts on programs that build upon its expertise in powders for multi- component oxides. It is currently participating in another U.S. government program to further increase its capabilities in this area. The Company's manufacturing was recently scaled up from lab process to production level.
This Phase II SBIR program is focused on tailoring the particle size distribution of BSCCO 2212 powders to improve the advanced thermo-mechanical processing of superconductor/silver composite wires and scaling the process to commercial level. The primary objective of the first two phases is to demonstrate the feasibility of improved powder and wire forming processes for producing metal oxide superconductors with current carrying capability of at least one kilometer and current densities exceeding 250 amp/mm² at 4.2 Kelvin and 12 Tesla. A 12 Tesla magnet is 240,000 times more powerful than the earth's magnetic field.
In September 2002, the Company was awarded a Phase I SBIR grant from the U.S. Department of Energy to study the effects of particle size distribution of the BSCCO 2212 powder on the current carrying capacity of kilometer length high temperature superconductive wires. The Phase I program ended in April 2003. The results of this program indicated that 300-meter length wires could be produced with properties exceeding the program specifications by tailoring the particle size distribution.
Superconductive Components, Inc., operates through SCI Engineered Materials and manufactures advanced ceramics such as superconductors, ferroelectric and optical materials for use in wire, cable, batteries, wireless and fiber optics systems. The Company also provides materials for thin film applications used in photovoltaics, electronic switches, hardness and decorative coatings. The Company is a global materials supplier with clients in more than 40 countries. Additional information is available at http://www.sciengineeredmaterials.com.
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Those statements include, but are not limited to, all statements regarding intent, beliefs, expectations, projections, forecasts, and plans of the Company and its management, and specifically include statements regarding a determination concerning the complete Phase II SBIR amount before the end of September 2003 (paragraph 2), additional research concerning uses for ceramic superconductors in commercial markets resulting from this program, and the Company's ability to leverage its core competencies in complementary areas of research as well as develop materials for targeted markets (paragraph 3), and the success of tailoring the particle size distribution of BSCCO 2212 powders to improve the advanced thermo-mechanical processing of the superconductor/silver composite wires and scaling the process to commercial level (paragraph 5). These forward-looking statements involve numerous risks and uncertainties, including, without limitation: the availability of a new leased facility and the ability to move to such facility at the anticipated cost, the development of the thin film battery market, the impact of competitive products and services, the ability to adapt to technological changes, the availability of capital, and other risks and uncertainties detailed from time to time in the Company's Securities and Exchange Commission filings, including the Company's Annual Report on Form 10-KSB for the year ended December 31, 2002. One or more of these factors have affected, and could in the future affect, the Company's business and financial results in future periods and could cause actual results to differ materially from plans and projections. Therefore, there can be no assurances that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by the Company, or any other persons, that the objectives and plans of the Company will be achieved. All forward-looking statements made in this press release are based on information presently available to the management of the Company. The Company assumes no obligation to update any forward-looking statements.
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