Superconductor Technologies Inc. First Quarter 2001 Gross Commerical Revenues Increase Approximately 150% Versus First Quarter Year Ago

Company to Hold Conference Call on April 24 to Discuss First Quarter 2001

Financial Results



Apr 05, 2001, 01:00 ET from Superconductor Technologies, Inc.

    SANTA BARBARA, Calif., April 5 /PRNewswire/ --
 Superconductor Technologies Inc. (Nasdaq:   SCON) ("STI"), the global leader in
 high-temperature superconducting (HTS) products for wireless applications,
 today announced unaudited gross commercial product revenues of approximately
 $2.5 million for the first quarter 2001, up from $1.0 million in the year ago
 period. Commercial product revenues include sales of STI's new "HTS-Ready"(TM)
 850 Series Duplexer, which was launched in mid March. Total backlog at the end
 of the first quarter was approximately $1.25 million, as compared to
 $746,000 at the end of the fourth quarter 2000.
     "Our gross commercial product revenues for the first quarter 2001
 increased nearly 150 percent vs. year ago levels. We are particularly pleased
 to see that these revenues include sales of our newly introduced Duplexer
 product," said M. Peter Thomas, president and chief executive officer of
 Superconductor Technologies Inc. "Our SuperLink solutions are designed to help
 our customers minimize costs while optimizing their networks. We believe the
 capacity enhancing potential of our products can assist our customers in the
 current capital constrained industry environment. Our first quarter success
 built on the growth we experienced in 2000, and we look forward to reporting
 complete results on April 24."
     STI expects to report first quarter 2001 results on Tuesday, April 24,
 2001. Following the release, the Company will host a conference call at
 10:00 am pacific time. The call can be accessed live by dialing
 415-537-1964. The call will also be simultaneously webcast and available on
 the Company's web site at http://www.suptech.com.
     Gross commercial product revenues and backlog do not reflect the
 accounting treatment of warrants issued to one customer under a long-term
 sales agreement. Refer to the company's most recent Annual Report on Form 10-K
 for a discussion of the accounting treatment of these warrants.
 
     About STI
     Superconductor Technologies Inc., headquartered in Santa Barbara, CA, is
 the global leader in developing and manufacturing superconducting products for
 wireless networks. STI's SuperFilter(R) System utilizes high-temperature
 superconducting technology, along with proprietary cryogenic cooling, to
 create a front-end filter and amplifier system utilized in wireless base
 stations to enhance their performance. These enhancements include extending
 the range of base stations, lowering dropped and blocked calls, increasing
 capacity, enabling higher data rates for wireless data transmission, and
 generally improving the quality of the wireless connection. SuperFilter is a
 registered trademark of Superconductor Technologies Inc. For more information,
 visit www.suptech.com.
 
     Safe Harbor Statement
     The press release contains forward-looking statements made in reliance
 upon the safe harbor provisions of the Private Securities Litigation Reform
 Act of 1995. Forward-looking statements include, but are not limited to, the
 Company's views on future commercial revenues, market growth, capital
 requirements, new product introductions, and are generally identified by
 phrases such as "thinks," "anticipates," "believes," "estimates," "expects,"
 "intends," "plans," and similar words. Forward-looking statements are
 inherently subject to uncertainties and other factors, which could cause
 actual results to differ materially from the forward-looking statements.
 These factors and uncertainties include:  the Company's ability to expand its
 operations to meet anticipated product demands; the ability of the Company's
 products to achieve anticipated benefits for its customers; the anticipated
 growth of the Company's target markets; and its ability to achieve
 profitability. The Company refers interested persons to it most recent Annual
 Report on Form 10-K and its other SEC filings for a description of additional
 uncertainties and factors that may affect forward-looking statements.
 Forward-looking statements are based on information presently available to
 senior management, and the Company has not assumed any duty to update its
 forward-looking statements.
     NOTE:  SuperFilter(R) is a registered trademark of Superconductor
 Technologies Inc.
 
 

SOURCE Superconductor Technologies, Inc.
    SANTA BARBARA, Calif., April 5 /PRNewswire/ --
 Superconductor Technologies Inc. (Nasdaq:   SCON) ("STI"), the global leader in
 high-temperature superconducting (HTS) products for wireless applications,
 today announced unaudited gross commercial product revenues of approximately
 $2.5 million for the first quarter 2001, up from $1.0 million in the year ago
 period. Commercial product revenues include sales of STI's new "HTS-Ready"(TM)
 850 Series Duplexer, which was launched in mid March. Total backlog at the end
 of the first quarter was approximately $1.25 million, as compared to
 $746,000 at the end of the fourth quarter 2000.
     "Our gross commercial product revenues for the first quarter 2001
 increased nearly 150 percent vs. year ago levels. We are particularly pleased
 to see that these revenues include sales of our newly introduced Duplexer
 product," said M. Peter Thomas, president and chief executive officer of
 Superconductor Technologies Inc. "Our SuperLink solutions are designed to help
 our customers minimize costs while optimizing their networks. We believe the
 capacity enhancing potential of our products can assist our customers in the
 current capital constrained industry environment. Our first quarter success
 built on the growth we experienced in 2000, and we look forward to reporting
 complete results on April 24."
     STI expects to report first quarter 2001 results on Tuesday, April 24,
 2001. Following the release, the Company will host a conference call at
 10:00 am pacific time. The call can be accessed live by dialing
 415-537-1964. The call will also be simultaneously webcast and available on
 the Company's web site at http://www.suptech.com.
     Gross commercial product revenues and backlog do not reflect the
 accounting treatment of warrants issued to one customer under a long-term
 sales agreement. Refer to the company's most recent Annual Report on Form 10-K
 for a discussion of the accounting treatment of these warrants.
 
     About STI
     Superconductor Technologies Inc., headquartered in Santa Barbara, CA, is
 the global leader in developing and manufacturing superconducting products for
 wireless networks. STI's SuperFilter(R) System utilizes high-temperature
 superconducting technology, along with proprietary cryogenic cooling, to
 create a front-end filter and amplifier system utilized in wireless base
 stations to enhance their performance. These enhancements include extending
 the range of base stations, lowering dropped and blocked calls, increasing
 capacity, enabling higher data rates for wireless data transmission, and
 generally improving the quality of the wireless connection. SuperFilter is a
 registered trademark of Superconductor Technologies Inc. For more information,
 visit www.suptech.com.
 
     Safe Harbor Statement
     The press release contains forward-looking statements made in reliance
 upon the safe harbor provisions of the Private Securities Litigation Reform
 Act of 1995. Forward-looking statements include, but are not limited to, the
 Company's views on future commercial revenues, market growth, capital
 requirements, new product introductions, and are generally identified by
 phrases such as "thinks," "anticipates," "believes," "estimates," "expects,"
 "intends," "plans," and similar words. Forward-looking statements are
 inherently subject to uncertainties and other factors, which could cause
 actual results to differ materially from the forward-looking statements.
 These factors and uncertainties include:  the Company's ability to expand its
 operations to meet anticipated product demands; the ability of the Company's
 products to achieve anticipated benefits for its customers; the anticipated
 growth of the Company's target markets; and its ability to achieve
 profitability. The Company refers interested persons to it most recent Annual
 Report on Form 10-K and its other SEC filings for a description of additional
 uncertainties and factors that may affect forward-looking statements.
 Forward-looking statements are based on information presently available to
 senior management, and the Company has not assumed any duty to update its
 forward-looking statements.
     NOTE:  SuperFilter(R) is a registered trademark of Superconductor
 Technologies Inc.
 
 SOURCE  Superconductor Technologies, Inc.