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[AMSC] American Superconductor Corp

Symbol: AMSC
Website: click here

10/15/2008 07:33am
American Superconductor Corp Licenses wind turbine designs to Hyundai Heavy Industries

- Windtec subsidiary will license designs to HHI for its proprietary 1.65MW and 2 MW doubly fed induction wind turbines.
- HHI plans to commence production of 1.65 MW wind turbines by the end of 2009 and will initially target the United States market. HHI's marketing and sales rights for both wind turbines extend to dozens of countries around the world
- In addition to upfront license fees for each design, AMSC will receive royalty payments for the first several hundred 1.65 MW and 2 MW wind turbines produced by HHI. AMSC will also provide HHI with core electronic components for the 1.65 MW and 2 MW wind turbines manufactured by HHI.


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