From the Boston Globe Business Team
American Superconductor lands new orders
July 11, 2007 07:50 AM
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American Superconductor Corp. of Westborough said today it has received orders for its energy technology products that will result in $1.5 million in fiscal 2007 revenues.
The orders are for its Power Quality Static VAR Compensator, which eliminates voltage sags and flicker, the company said.
One order is from a Pennsylvania-based steel company that will use the VAR Compensator in a rolling mill application, American Superconductor said; another order if from a Canadian oil-and-gas company that will use the product for two of its natural-gas pipelines in Texas.
(By Chris Reidy, Globe staff)
