American Superconductor and GE Energy Receive D-VAR Order From Aquila, Inc.
18 Abril 2006 - 9:00AM
PR Newswire (US)
Voltage Regulation System to be Supplied for Central Kansas
WESTBOROUGH, Mass., April 18 /PRNewswire-FirstCall/ -- American
Superconductor Corporation (NASDAQ:AMSC), a leading electricity
solutions company, and GE Energy, a business of the General
Electric Company, received an order for a D-VAR(R) system from
Aquila, Inc. (NYSE:ILA). The 8 megaVAR D-VAR system will be
utilized to enhance the voltage stability of the Aquila, Inc.
(Aquila) transmission system. Based in Kansas City, Missouri,
Aquila operates electricity and natural gas distribution utilities
serving customers in six U.S. states, and also owns and operates
power generation assets. AMSC recently shipped the D-VAR solution
in March of 2006 for installation in Aquila's Plainville
Substation, with energization expected in June 2006. After
analyzing the transmission system, AMSC transmission planning
engineers along with Aquila's transmission planning staff,
determined that a portion of their Central Kansas system was
susceptible to low voltage for certain contingencies. The in-depth
studies indicated that a single D-VAR solution would assist with a
fast voltage recovery, thereby ensuring the reliability of the
transmission network to continue providing superior service to
their customers. "We were impressed with the in-depth analysis of
our transmission system provided by AMSC," said Carl Huslig, Vice
President, Electrical Transmission of Aquila, Inc. "They provided a
proven solution that will assist us and other regional utilities in
continuing to provide cost effective, efficient and stable power to
the customer." AMSC's transmission planning team of engineers is
highly experienced in working with utilities to analyze
transmission grid networks to develop strategies that improve grid
reliability. Former utility planners themselves, the team is highly
skilled at understanding specific grid operations. "The passage of
the Energy Policy Act of 2005 addresses the stability and
modernization of the United States transmission grid, including
mandatory reliability standards," said Greg Yurek, CEO of American
Superconductor. "The D-VAR system provides a proven solution for
meeting these standards and the AMSC transmission planning team
provides the experience and expertise required to analyze and
recommend appropriate solutions." For more information about D-VAR
systems and other transmission grid solutions, please visit:
http://www.amsuper.com/products/transmissionGrid/104273030481.cfm.
About Aquila, Inc. (NYSE:ILA) Aquila, Inc. operates electricity and
natural gas distribution utilities in Colorado, Iowa, Kansas,
Minnesota, Missouri and Nebraska, as well as power generation
assets. Aquila is based in Kansas City, Missouri. For more
information please visit http://www.aquila.com. About American
Superconductor Corporation (NASDAQ:AMSC) AMSC is the world's
principal vendor of high temperature superconductor (HTS) wire and
large rotating superconductor machinery, and it is a world- leading
supplier of dynamic reactive power grid stabilization products.
AMSC's HTS wire and power electronic converters are at the core of
a broad range of new electricity transmission and distribution,
transportation, medical and industrial processing applications,
including dynamic reactive power grid stabilization solutions,
large ship propulsion motors and generators, smart, controllable,
superconductor power cables and advanced defense systems. The
company's products are supported by hundreds of patents and
licenses covering technologies fundamental to Revolutionizing the
Way the World Uses Electricity(TM). More information is available
at http://www.amsuper.com. American Superconductor and design,
AMSC, POWERED BY AMSC, and Revolutionizing the Way the World Uses
Electricity are trademarks and D-VAR is a registered trademark of
American Superconductor Corporation. All other trademarks are the
property of their respective owners. Any statements in this release
about future expectations, plans and prospects for the Company,
including statements containing the words "believes,"
"anticipates," "plans," "expects," "will" and similar expressions,
constitute forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. There are a
number of important factors that could cause actual results to
differ materially from those indicated by such forward-looking
statements. Such factors include: uncertainties regarding the
Company's ability to obtain anticipated funding from corporate and
government contracts, to successfully develop, manufacture and
market commercial products, and to secure anticipated orders; the
risk that a robust market may not develop for the Company's
products; the risk that strategic alliances and other contracts may
be terminated; the risk that certain technologies utilized by the
Company will infringe intellectual property rights of others; the
competition encountered by the Company, including several large
Japanese companies. Reference is made to these and other factors
discussed in the "Management's Discussion and Analysis of Financial
Condition and Results of Operation" section of the Company's most
recent quarterly or annual report filed with the Securities and
Exchange Commission. In addition, the forward-looking statements
included in this press release represent the Company's views as of
the date of this release. While the Company anticipates that
subsequent events and developments may cause the Company's views to
change, the Company specifically disclaims any obligation to update
these forward-looking statements. These forward-looking statements
should not be relied upon as representing the Company's views as of
any date subsequent to the date this press release is issued.
Contact Information Media Rick Sheehy 508-621-4454 American
Superconductor Investors Jason Fredette 508-621-4177 American
Superconductor DATASOURCE: American Superconductor Corporation
CONTACT: Rick Sheehy, +1-508-621-4454, , or Jason Fredette,
+1-508-621-4177, both of American Superconductor Web site:
http://www.amsuper.com/ http://www.aquila.com/
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