American Superconductor Selected by United Defense For U.S. Army's Electro-Thermal Chemical Gun Project
November 24 2003 - 6:30AM
PR Newswire (US)
American Superconductor Selected by United Defense For U.S. Army's
Electro-Thermal Chemical Gun Project AMSC To Develop High Voltage
Charger For Advanced Weapon's Firing System Using Its PM1000
PowerModule(TM) Power Electronic Converters WESTBOROUGH, Mass.,
Nov. 24 /PRNewswire-FirstCall/ -- American Superconductor
Corporation , a leading electricity solutions company, today
announced that it has been selected by United Defense Industries,
Inc. , as a subcontractor for the Electro-Thermal Ignition Pulsed
Power System (ETIPPS) that United Defense is developing for the
U.S. Army Armament Research, Development and Engineering Center
(ARDEC). ETIPPS is a firing system that is being designed for use
with electro-thermal chemical (ETC) guns, an advanced weapon
technology for future artillery, battle tank and infantry fighting
vehicles. AMSC is using its PM1000 PowerModule power electronic
converters to develop a high voltage charger (HV charger) for
ETIPPS. The HV charger will convert the 600 volts supplied by the
military vehicle's battery system to the 7,000 volts of charging
power needed to arm ETIPPS prior to firing the weapon. This PM1000
application follows one announced by AMSC in May 2003, in which the
PM1000 was selected for use in a shipboard generator application
for the British Royal Navy (see
http://www.amsuper.com/html/newsEvents/news/105309461641.html).
(Logo: http://www.newscom.com/cgi-bin/prnh/20020702/AMSCLOGO )
"American Superconductor's proven ability to design and deliver
state-of- the-art high voltage solutions quickly makes them an
ideal technology partner for the ETIPPS project," said Juleigh
Herbig, leader of the ETIPPS Project at United Defense. "Their
PM1000 power converters have a flexible, modular design, are
extremely compact and offer very high power density - all critical
attributes for ETIPPS. We look forward to working closely with AMSC
on this important new gun technology for the U.S. Army." ETC guns
use pulsed power, in which large amounts of stored electrical
energy are released over a matter of milliseconds, to augment and
control the release of chemical energy from conventional and
advanced projectile propellants. ETIPPS is a gun firing system that
uses pulsed power to ignite the propellant used by an ETC gun. ETC
guns can fire smart munitions, insensitive munitions, and
conventional rounds and are more accurate than conventional guns.
"Our selection by United Defense for this important project is a
tribute to the extraordinary capability of our PM1000 PowerModule
power electronic converters," said Chuck Stankiewicz, vice
president and general manager of the Power Electronic Systems
business unit at American Superconductor. "This is the second
defense industry order for our PM1000 converters this fiscal year.
We are seeing increasing interest from defense sector companies who
are learning what our electric power grid customers know - our
PowerModule-based systems are robust and reliable and they are also
particularly well-suited to rapid prototyping, which helps keep
challenging projects such as ETIPPS on track." About PM1000
PowerModule(TM) Power Electronic Converters AMSC's family of
PowerModule power converters has been proven in the field with
hundreds integrated into numerous power electronic solutions. The
PM1000 is the latest AMSC power electronic converter and operates
with high efficiency in a very small package. PM1000 power
converters are based on AMSC's Power Electronic Building Block
(PEBB) technology, a highly flexible, programmable and scalable
design architecture that enables them to be employed in a variety
of applications. The PM1000 is an intelligent and fully integrated,
compact power converter that yields a very high power density. For
a given power conversion application, the volume of a
PowerModule-based solution is typically one-third the volume of
other converter solutions on the market. For more information on
AMSC's PowerModule product line, please see
http://www.amsuper.com/html/products/powerConversion/index.html.
About United Defense United Defense designs, develops and produces
combat vehicles, artillery, naval guns, missile launchers and
precision munitions used by the U.S. Department of Defense and
allies worldwide, and provides non-nuclear ship repair,
modernization and conversion to the U.S. Navy and other U.S.
Government agencies. To learn more about United Defense, visit
http://www.uniteddefense.com/. About American Superconductor
Corporation (NASDAQ:AMSC) AMSC is a world-leading supplier of
dynamic reactive power grid stabilization products and the world's
principal vendor of high temperature superconductor (HTS) wire and
large rotating superconductor machinery. AMSC's power electronic
converters and HTS wire 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 www.amsuper.com.
American Superconductor, PM1000, PM1000 PowerModule, PowerModule
and Revolutionizing the Way the World Uses Electricity are
trademarks 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. AMSC
Media Contacts: Adam Banker +508-621-4375 AMSC Investor Contact:
Mary Ryan +508-621-4432
http://www.newscom.com/cgi-bin/prnh/20020702/AMSCLOGO
http://photoarchive.ap.org/ DATASOURCE: American Superconductor
Corporation CONTACT: Media, Adam Banker, +508-621-4375, , or
Investor, Mary Ryan, +508-621-4432, , both of American
Superconductor Corporation Web site: http://www.amsuper.com/
Copyright
USCF ETF Trust (NYSE:UDI)
Historical Stock Chart
From Jun 2024 to Jul 2024
USCF ETF Trust (NYSE:UDI)
Historical Stock Chart
From Jul 2023 to Jul 2024