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Superconductive Components, Inc. Announces the Completion First Phase of an Expected $1 Million Private Placement

CONTACT:
J.R. Gaines, Jr.
Vice President
(614) 486-0261

COLUMBUS, Ohio -- October 10, 2000 -- Superconductive Components, Inc. (OTC Bulletin Board: SCCI) today announced it has secured $528,000, which represents the first phase of a two phase investment by Mangart Global Fund Limited and Windcom Investments SA. Mangart Global and Windcom Investments purchased an aggregate of 200,000 common shares at $2.50 per share and warrants for the purchase of an additional 140,000 common shares. The warrants were purchased for $.20 per warrant and are exercisable at $3.50 per common share. In the event the warrants are exercised, the second phase will provide the company with an additional $490,000 of working capital.

The first phase of the investment is also to be matched, in a conversion of debt to equity, by company President Dr. Edward Funk and his wife, Vice President Ingeborg Funk. "We are very pleased", stated Dr. Funk, "that the Mangart Global Fund and Windcom Investments have chosen to back our materials based business development strategy. Their timely injection of capital enables SCCI to expand its capacity for ceramic powders, nano-materials and sputtering targets to keep pace with rapid developments in energy technology."

"Superconductive Components, Inc. has positioned itself to benefit from the commercialization of several near term technologies," stated Mangart Global Fund equity analyst Diego Ratti, "and we feel that our investment will help the company to further expand its position in the superconductivity industry. Recent developments in energy storage, electronic materials and superconductivity require that SCCI scale its manufacturing capacity and we are committed to support that activity. We believe strongly in the company's unique ability to identify new applications in the area of electronic ceramics and capitalize on those opportunities through its various proprietary technologies."

Mangart Global Fund Limited is a Cayman Islands based global macro hedge fund listed in the Irish Stock Exchange. Windcom Investments SA is a Swiss holding company for hi-tech investments.

This document contains forward-looking statements that reflect the views of management with respect to future events and financial performance. These forward-looking statements are subject to certain uncertainties and other factors that could cause actual results to differ materially from such statements. These uncertainties and other factors include, but are not limited to, the words "anticipates," "believes," "estimates," "expects," "plans," "projects," "targets" and similar expressions which identify forward- looking statements. You should not place undue reliance on these forward- looking statements, which speak only as of the date the statements were made.

Superconductive Components, Inc., headquartered in Columbus, Ohio, manufactures superconductors for wire used in magnets and cables, sensors for biomedical applications, and circuitry for computing, wireless and other applications. Its wholly owned division, Target Materials, Inc., manufactures thin film materials for photovoltaics, flat panel displays, electronic switches, hardness and decorative coatings. The company sells its products in the US and over 40 foreign countries. For additional information contact J.R. Gaines, Jr., Vice President, at 614/486-0261, URL www.superconductivecomp.com .

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