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SuperPower Sets New World Record in 2G HTS Wire Performance
Wed, 08/03/2005 - 01:08 — img
SuperPower Sets New World Record in 2G HTS Wire Performance
Intermagnetics' SuperPower Subsidiary Sets New World Record in Second-Generation HTS Wire Performance
Latham, NY — Intermagnetics General Corporation’s (NASDAQ: IMGC) Energy Technology subsidiary, SuperPower, Inc., today announced that it has achieved world record performance of more than 100 amperes in a 206 meter length of second-generation (2G) high-temperature superconducting (HTS) wire. This 22,000 amp-meter performance more than doubles the performance announced by SuperPower in January 2005, and improves on the previous world record set by a Japanese company by nearly 2,000 amp-meters. “Amp-meter” is a common measure of HTS wire performance achieved by multiplying critical current carrying capacity in amperes by length in meters. Glenn H. Epstein, chairman and chief executive officer of Intermagnetics, said, “The increase in piece lengths of 2G wire beyond the 100 meter threshold is of particular significance as we work toward product commercialization and development of devices incorporating 2G wire. This latest achievement by the SuperPower team keeps us firmly on the path toward producing ever longer, high-performing HTS wire for a broadening range of applications.” Dean Peterson, leader of the Superconductivity Technology Center at the Los Alamos National Laboratory added, “Our long-standing partnership with SuperPower is resulting in significant improvements in both the manufacturing process and product quality. Commercial viability is now within our reach.” SuperPower also announced that site construction at the HTS Cable Project in Albany, New York, continues to progress according to schedule. Philip J. Pellegrino, president of SuperPower, noted that, “The equipment and controls building, underground ductwork and termination vaults, and the cryogenic refrigeration system are all substantially completed. The first phase of the cable fabricated by Sumitomo Electric Industries (SEI) is expected to arrive at the North Albany Service Center site of Niagara Mohawk, a National Grid Company, in September for installation.” In addition to today’s announcement of the world record at the 2005 DOE Peer Review this week in Washington, D.C., Pellegrino noted the following additional accomplishments, all geared toward producing a practical conductor and prototype devices:
Pellegrino said, “Following on our previous demonstration of SuperPower’s ability to fabricate 2G wire in short lengths, we have continued to focus on the achievement of commercial manufacturing capability by pursuing the fabrication of high-quality 2G wire in continuous long lengths, now surpassing 200 meters. At the same time, we have continued our development of a product suitable for a variety of applications by focusing on critical mechanical properties, electrical stabilization, ac losses, magnetic field performance and device-suitable dimensions. SuperPower’s manufacturing process is focused on obtaining high throughput in every processing step.” SuperPower, Inc. (www.superpower-inc.com), a wholly-owned subsidiary of Intermagnetics General Corporation, uses core capabilities in materials, cryogenics and magnetics to develop state-of-the-art second-generation HTS wire and electric power components such as underground transmission and distribution cables, transformers and fault current limiters. Intermagnetics (www.intermagnetics.com) draws on the financial strength, operational excellence and technical leadership in the market of Magnetic Resonance Imaging (MRI) as well as its expanding businesses within Medical Devices that encompass Invivo Diagnostic Imaging (focusing on MRI components & imaging sub-systems) and Invivo Patient Care (focusing on monitoring & other patient care devices). Intermagnetics is also a prominent participant in superconducting applications for Energy Technology. The company has a more than 30-year history as a successful developer, manufacturer and marketer of superconducting materials, high-field magnets, medical systems & components and other specialized high-value added devices. ### Safe Harbor Statement: The statements contained in this press release that are not historical fact are "forward-looking statements" which involve various important assumptions, risks, uncertainties and other factors. These include, without limitation, the assumptions, risks, and uncertainties set forth here as well as in the company's Annual Report on Form 10-K, including but not limited to, the company's ability to: (1) attract and maintain strategic partners for its HTS initiatives; (2) invest sufficient resources and receive additional external funding to continue its development efforts; (3) attract and retain the personnel necessary to achieve its objectives; (4) attain commercial acceptance for and adoption of its products and technology; (5) successfully develop commercially viable production methods and successfully improve those methods to meet the cost-benefit ratio that will be critical to making HTS technology commercially competitive; and (6) avoid the potential adverse impact on the company of emerging patents in the highly competitive energy technology field. Except for the company's continuing obligation to disclose material information under federal securities law, the company is not obligated to update its forward-looking statements even though situations may change in the future. The company qualifies all of its forward-looking statements by these cautionary statements. |
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SuperPower, Inc. is subsidiary
of Royal Philips Electronics N.V. |
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