AMSC and LS Cable Expand Superconductor
Power Cable Strategic Alliance
l Companies Jointly Seeking More Than 50 Kilometers of Commercial Superconductor Power Cable
Deployments Over the Next Five Years
l LS Cable Pursuing International Supply Contracts for AC and DC Superconductor Power Cables
March 24, 2010 07:33 AM Eastern Daylight Time
DEVENS, Mass. & SEOUL, Korea--(EON: Enhanced Online News)--American Superconductor Corporation
(NASDAQ: AMSC), a global power technologies company, and LS Cable Ltd. (LS Cable), the third largest power
cable manufacturer in the world, today announced that they have expanded their superconductor power cable
strategic business alliance. Under the new agreement, LS Cable and AMSC will work collaboratively to deploy
more than 50 kilometers (km) (31 miles) of superconductor power cables in commercial power grids over the next
five years. The original alliance, established in September 2009, called for the deployment of a minimum of 10 km
(6.2 miles) of superconductor power cables during that same period.
The agreement was reached at a meeting in Devens, Massachusetts attended by LS Cable President and Chief
Executive Officer Jongho Son and AMSC President and Chief Operating Officer Dan McGahn. Korea Electric
Power Corporation (KEPCO) Vice President J.W. Chang was present to witness the signing. KEPCO is South
Korea’s only power distributor. The strategic alliance focuses on the full spectrum of superconductor cable projects,
including distribution and transmission voltages as well as alternating current (AC) and direct current (DC) systems.
Superconductor power cable systems manufactured by LS Cable will utilize AMSC’s proprietary second generation
(2G) high temperature superconductor (HTS) wire, branded as 344 superconductors.
“LS Cable is focused on developing and implementing world-class technologies to both meet the evolving energy
needs of today’s economy and provide the infrastructure necessary to support tomorrow’s growth,” said LS Cable’s