Poor frantic calrenwick, AMSC has the contract, it has subcontracted Nexans to produce the cable using AMSC's wire.
AMSC had the contract for the Long Island project and subcontracted Nexans to produce the cable.
Nexans has tested STI's wire with no subsequent action.
Dec 11, 2007 Close $9.88 (R/S Adj. $118.56) SP fell of a cliff from there.
Poor sconroller, still waiting for some "good news", but the shorts found sconroller "ridiculous posts" amusing! We all know who proved to be the real stupid paid shill.
***Reply to SCON has NO RESISTANCE till 11.30$ by micheal888203 •Dec 11, 2007 1:47 PM
sconroller • Dec 11, 2007 7:30 PM
"That's what's great about the way up: Very small float with fat short position. Not long ago we say 10MM+/day trading volumes. No reason why some good news won't do the same. I suspect most shorts have learned their lesson, though. Fortunately, the real stupid ones (Moto/QA/R2/Bear) will no doubt continue to amuse us with their ridiculous posts!"***
2015Q3 SA EC transcript, JQ: "During the quarter, our power cable customer performed testing on our wire that resulted in the request for longer length wire that will be used to fabricate a cable using their standard manufacturing processes. We plan to ship wire meeting this request in Q4."
JQ was planing to ship in 2013Q1 "the lengths that we need for this demonstration" for order that was due 2012Q3 and is still planning in 2015Q3.
Anyone seen an announcement this cable demonstration wire has been shipped?
Nexan & AMSC receive revenue from the Resilient Electric Grid Project in Chicago.
SCON can't even get a commercial qualification for use in a prototype.
Seen any news that SCON has resumed shipping wire for qualification testing since those FIVE qualification failures in December?
Our dear uberidiot, the Vanguard Group exit was for the period ending 12/31/2015, they just filed early.
The remaining Institutional Ownership reports have till Mid-February to report their 2015Q4 holdings.
It appears your effort to improve from idiot to moron is failing.
DNDN Apr 30, 2010 Adj Close $54.06 Now $0.0325.
Promptly fell off a cliff after benji's post and eventually added "Q" to its sticker.
"So who is the fool now???" benjiman100s.
***What was that pop at the end? eom by edhbob •Apr 29, 2010 4:47 PM
benjiman100s • Apr 30, 2010 9:25 AM
" So hows your short position today with DNDN fool!!! DNDN is going to hit another 52 week high and your short just got SMASHED!!!
Yea your real smart to short a company like DNDN that just got FDA approval and is going to make somewhere between 1.5 to 2.5 billion a year.
So who is the fool now???"***
Paris, February 9, 2016 - Nexans will design and produce a medium voltage high temperature superconducting (HTS) cable for AMSC (American Superconductor), including terminations and a splice, as part of its Resilient Electric Grid Project in Chicago.
In March 2013 JQ stated, it's in weeks of having the lengths required for the HTS cable demonstration.
Is customer still waiting or found a reliable supplier?
Vanguard group just filed, unloaded 78.61% of its SCON shares. NASDAQ reports Institutional Ownership has slide from 17% to 16.09%.
Last one out, turn out the lights.
Been FOUR weeks since JQ, We plan to ship additional wire against existing purchase orders to finalize qualifications with key customers in the coming weeks”
Anyone seen an announcement about resuming qualification testing shipments after that disaster of FIVE SFCL qualification failures?
Coming up to TWO years of being "very close to completing qualification testing"
2013Q4 SA EC transcript of Mar. 2014, JQ: "Several customers have progressed from the evaluation stage to being very close to completing qualification testing, which we believe will result in commercial agreements for the purchase of our Conductus wire in the very near future." Mar. 27, 2014 Adj. Close $3.12
Jeff Quiram's "in the very near future" can be further out than STI can remain solvent.
Reply to GE's Got To Be Really Excited About This! by captechinvestors •Feb 16, 2011 10:07 AM
captechinvestors • Feb 16, 2011 1:23 PM
"We can safely assume SCON will have a very healthy margin built into any forward sale arrangement. I would expect SCON will not record the revenue (and profit) until product is shipped. I would also expect SCON is VERY motivated to complete their full-scale production as soon as possible. I think their time line estimates (which you continue to point out) are conservative. They'd rather exceed expectations than fall short. I wonder if we won't see kilometer length production by early 2011."
How those "kilometer length production by early 2011" turn out?
Ya hear any news that SCON has resumed qualification testing shipments after those FIVE SFCL failures?
Offshore Wind Power by calrenwick • Jan 16, 2011 1:52 PM, "SCON will be making kilometer-length 2G HTS wire for wind turbines in 2012. ..."
How those "kilometer-length 2G HTS wire for wind turbines in 2012" turn out?
ufferdamman • Dec 22, 2008 6:52 PM "I have a talent for making a fool of myself but trying to learn."
Our dear little pumpkin uberidiot, you have not lost that "talent for making a fool of myself", "but trying to learn" escapes you.
Have you figured out that SCON warrants have an expiration date?
How that Reality of "this stock could easily pass $100/share" in 2012 turn out? Do ya think those repeated commercial qualifications failures may have depressed SP?
captechinvestors, 'No company, until now, has developed a process through which this type of wire can be scaled up for mass production". AMSC, SUPERPOWER, BEST, SUNAM, etc. have no problem with mass production, SCON is still working on mass production from captechinvestors post of Feb 2, 2011.
***Much Excitement - Here's the Reality by captechinvestors • Feb 2, 2011 9:59 AM
"To new longs and daytraders: Here's the reality. This company is WAY undervalued at the moment. The've spent hundreds of millions on R&D, much of which is related to superconducting technology and cryogenics (needed to reduce temperature). The've been working with GE on development of HTS wire/tape for use in a variety of applications. The three 1-meter samples are a true scienntific breakthrough. No company, until now, has developed a process through which this type of wire can be scaled up for mass production. There is a MULTI-BILLION DOLLAR global market for this stuff and GE already has their fingers on it. Acquisition or JV? Perhaps. IMO, this stock could easily pass $100/share within the next year. I intend to make a lot of money here! GLTA!!"***
SCON, for the third quarter of 2015, had net revenues of $91,000, compared with $86,000 for the same period of 2014, almost a 6% growth rate.
Loss from operations was $2,977,000 and $3,202,000 for the same period, over a 7% decline.
Once STI eliminates its failed operations and those non-material revenues, there will be only management compensation of about $6m per year, only about $1.5m a Q.
So please send your checks to STI's Management Relief Fund, when SCON's stock is no longer available due to the probable Chapter 7 filing.
STI announced its HTS wire R&D with a LANL CRADA July 29, 2008, over 7 years later, still not commercially qualified.
Jun 28, 2008 Accumulated deficit was $205,642,000 for its failed wireless business.
Sep 26, 2015 Accumulated deficit was $288,571,000 for its failed wireless & HTS wire businesses.
So far only about $83 million has been wasted in an attempt to get commercially qualified, much less HTS wire commercial orders.