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Article: AMERICAN SUPERCONDUCTOR ANNOUNCES DEVELOPMENT AGREEMENT WITH OAK RIDGE NATIONAL LABORATORY

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PR Newswire
Article date:
August 18, 1992
Copyright 
 
 AMERICAN SUPERCONDUCTOR ANNOUNCES DEVELOPMENT AGREEMENT WITH 
  OAK RIDGE NATIONAL LABORATORY 
WATERTOWN, Mass., Aug. 18 /PRNewswire/ -- American Superconductor Corp. (NASDAQ:AMSC) today announced signing of a 15-month cooperative agreement with Oak Ridge National Laboratory to develop and deliver advanced high temperature superconducting coils. 
Under terms of the agreement, American Superconductor will develop and provide coils to Oak Ridge for its research work on the performance of superconducting electric motors. American Superconductor will receive $225,000 in payment for the coils from Oak Ridge.  Both organizations have committed funds on a ...

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