Conductus
announced it has received an order for two prototype high-temperature
superconductor (HTS) filter systems to be delivered to a major OEM customer
in Japan. The systems utilize HTS filters in a new configuration designed
for use in 4th-generation (4G) wireless networks making use of the highly-selective
filter technology pioneered at Conductus. The order is for $219,000
with the systems to be delivered later this year and in early 2003.
Picture on left shows one of Conductus' current superconductor products - The ClearSite® 2300 Metro Superconductor Front End System.
With this latest order, Conductus has received over $1M in orders over the last 18 months for delivery of products to several customers in Japan, including a major wireless carrier and three major OEMs for a variety of advanced HTS products for evaluation for future deployment in 3G and 4G networks. Earlier products for Japanese customers have included systems incorporating Conductus' groundbreaking 50-pole-equivalent filter and small, low-power systems incorporating Japanese cryocoolers.
"We feel that this latest order from Japan is an additional indication that we are making good progress for our products in advanced wireless applications," said Charles Shalvoy, President and Chief Executive Officer at Conductus. "Based upon our success in winning these orders over the past year, we believe that Conductus is now the leader in the development of superconductive receiver front ends for advanced wireless applications for the Japanese market."
"Representatives of Japanese wireless companies have increasingly indicated that they believe that HTS technology will play a significant role in advanced networks," added Shalvoy. "They have evaluated the technology of many companies in the HTS industry and have repeatedly chosen Conductus to supply their evaluation systems. As a result, we feel that we are in a favorable position to win major HTS deployment orders when they begin in Japan, which we believe will start in 2003 or 2004. In the meantime, we look forward to successful results with these new systems."
Conductus, Inc., founded in 1987 and based in Sunnyvale, California, develops, manufactures, and markets electronic components and systems based on superconductors for applications in the worldwide telecommunications markets. For many applications, the unique properties of superconductors offer significant performance advantages over products based on conventional copper electronic components. These advantages can provide improved price/performance at the system level because of enhanced sensitivity and efficiency as well as reduced size and weight. For additional information, please visit our web site at www.conductus.com.
The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, including statements regarding Conductus' expectations, beliefs, hopes, intentions, or strategies regarding the future. Forward-looking statements include statements regarding future sales, product introduction and acceptance, market acceptance, and financial stability. Conductus' actual results and the timing of certain events may differ significantly from the results discussed in the forward-looking statements as a result of certain factors, including but not limited to Conductus' failure to timely develop new products which gain market acceptance, failure of the Company's suppliers and customers to renew agreements, delays in the timing of orders for the Company's products and services, the possible effect of claims related to the ownership by Conductus of its intellectual property or related to the design and sale of its products infringing the rights of others, significant changes in the business environment in which the Company operates, and other risks detailed from time to time in the Company's regulatory filings, including the annual report on Form 10-K for the year ended December, 31, 2001, and the Forms 10-Q for the quarters ended March 31, 2002, and June 30, 2002, as or to be filed with the Securities and Exchange Commission.