CSR- ZELRI Accelerates Production of 1.65 MW Wind Turbines for the Chinese Market
DEVENS, MA - November 17, 2009 - American Superconductor Corporation (NASDAQ: AMSC), a global power technologies company, today announced that it has received a follow-on order for $10 million worth of wind turbine core electrical components from China's CSR Zhuzhou Electric Locomotive Research Institute Co., Ltd. ("CSR-ZELRI"). CSR-ZELRI will use the components in the 1.65 megawatt (MW) wind turbines designed by AMSC's wholly owned AMSC Windtec™ subsidiary.
Based in the Hunan province of China, CSR-ZELRI is a subsidiary of China South Locomotive & Rolling Stock Corp. (CSR), China's largest railway equipment and associated power systems manufacturer. CSR-ZELRI licensed its 1.65 MW wind turbine design from AMSC Windtec in January 2007. This is the largest order AMSC has received from CSR-ZELRI. To date, CSR-ZELRI has ordered more than $20 million of core electrical components from AMSC.
CSR-ZELRI installed its first 1.65 MW prototype in Jianghua, located in China's Hunan Province in November 2007, less than 10 months after engaging AMSC Windtec. The company entered series production of the 1.65 MW turbines in mid-2008.
By the end of 2008, China had a total installed wind power capacity of 12.2 gigawatts (GW) making it the fourth largest wind power market in the world. In its June 2009 report, industry research firm Emerging Energy Research projected that China's wind power installed base would exceed 200 GW by 2020.
AMSC's wind turbine electrical control systems and core electrical components include the company's proprietary PowerModule™ power converters, pitch and yaw converters, SCADA systems and other power electronics. They enable reliable, high-performance wind turbine operation by controlling power flows, regulating voltage, monitoring system performance, controlling the pitch of wind turbine blades and the yaw of the turbines to maximize efficiency.
Established in 1959, CSR-ZELRI is a subsidiary of China South Locomotive & Rolling Stock Corp (CSR), China's largest railway equipment manufacturer and a leader in the power sector. The company has more than 6,000 staff members and had RMB 7.3 billion capital assets at the end of 2008. The company's annual sales volume exceeds RMB 5 billion worldwide. More information is available at http://www.teg.cn/en/jtnb_67_579_show.aspx.
About American Superconductor (NASDAQ: AMSC)
AMSC offers an array of proprietary technologies and solutions spanning the electric power infrastructure - from generation to delivery to end use. The company is a leader in alternative energy, providing proven, megawatt-scale wind turbine designs and electrical control systems. The company also offers a host of Smart Grid technologies for power grid operators that enhance the reliability, efficiency and capacity of the grid, and seamlessly integrate renewable energy sources into the power infrastructure. These include superconductor power cable systems, grid-level surge protectors and power electronics-based voltage stabilization systems. AMSC's technologies are protected by a broad and deep intellectual property portfolio consisting of hundreds of patents and licenses worldwide. More information is available at www.amsc.com.
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American Superconductor and design, Revolutionizing the Way the World Uses Electricity, AMSC, Powered by AMSC, D-VAR, dSVC, PowerModule, PQ-IVR, Secure Super Grids, Windtec and SuperGEAR are trademarks or registered trademarks of American Superconductor Corporation or its subsidiaries. All other brand names, product names or trademarks belong to their respective holders. The Windtec logo and design is a registered European Union Community Trademark.
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Director, Corporate Communications
American Superconductor Corp. (NASDAQ: AMSC)