American Superconductor lands new orders

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)