When one orders HTS wire from the S(CON), it uses industry standard specifications, it just can't produce HTS wire that meets the device manufactures specifications, note the "Minumum Piece Length:", the S(CON) can't spell Minimum, but neither can it produce the Minimum Piece Length for the over FIVE year old Jan 2012 Cable Demo order.
Does anyone believe the S(CON) will get commercial orders?
The boilerroom scamster operations, paid with unregistered warrants, are always posting the future is rosy, just the present always sucks, so their paymasters can unload their shares used for the Momentum Play.
Mask, Please cite the reference where the mechanical problem (mentioned by JQ during the 2016 CCalls) with the HTS wire was caused by delamination. You have repeatedly mentioned that delamination was the mechanical problem with the HTS wire for months.
So in another thread post MASK lies when he claims that STI " has been claiming they are near to qualification for over four years now" and then states that his justification is that JQ stated "We are excited to be shipping qualification wire samples". They did that for stage 1....where is there anything in that quote that says they are "nearing qualification"... plain and simple to see there isn't and Mask lied!
this is a typical mask tactic to use partial truths to cover up his lies... and this may work for some people...UNTIL I show them has mask has attempted to deceive them.
Now mask can we try again, give us the date of the CC in which JQ stated that STI was nearing qualification that is over 4 years old! How about one that is more than 3 years old? How about the data of the first time he made such a statement? LOL! LOL! LOL!
I come here almost everyday hoping to find any PO announcement!
The10 -Q will be interesting, if the S(CON) will file it. deadline was May15, still not showing on the SEC database, which closes at 10PM Eastern Time.
Strong Fund, Institutional and Insider activity...
Superconductor Technologies Inc. (NASDAQ:SCON) reached 82.69% versus a 1-year low price of $1.04. The stock was last seen 4.4% higher, reaching at $1.9 on May 12, 2017. At recent session, the prices were hovering between $1.78 and $1.99. This company shares are 57.89% off its target price of $3 and the current market capitalization stands at $19.63M. The recent change has given its price a 24.54% lead over SMA 50 and -57.78% deficit over its 52-week high. The stock witnessed 11.11% gains, 71.17% gains and 30.14% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found SCON’s volatility during a week at 10.01% and during a month it has been found around 10.92%.
Superconductor Technologies Inc. (SCON) Top Holders Institutional investors currently hold around $1 million or 15.2% in SCON stock. Look at its top three institutional owners. Sabby Management, Llc owns $826 thousand in Superconductor Technologies Inc., which represents roughly 4.21% of the company’s market cap and approximately 82.6% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 89,058 shares of the stock are valued at $169 thousand. The third largest holder is Hudson Bay Capital Management Lp, which currently holds $168 thousand worth of this stock and that ownership represents nearly 0.86% of its market capitalization.
Superconductor Technologies Inc. 13F Filings At the end of Dec reporting period, 9 institutional holders increased their position in Superconductor Technologies Inc. (NASDAQ:SCON) by some 390,896 shares, 2 decreased positions by 29,060 and 6 held positions by 332,822. That puts total institutional holdings at 752,778 shares, according to SEC filings. The stock grabbed 6 new institutional investments totaling 162,187 shares while 1 institutional investors sold out their entire positions totaling 14,339 shares.
Superconductor Technologies Inc. (NASDAQ:SCON) Insider Trades Multiple company employees have indulged in significant insider trading. Superconductor Technologies Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that 10% Owner Kopp LeRoy C has acquired 200,000 shares of Superconductor Technologies Inc. (SCON) in trading session dated Apr. 10, 2017. These shares are worth $338,000 and were traded at $1.69 each. The SEC filing shows that Kopp LeRoy C
One question for R2, Greg, or anyone else who may have good info. My reading of the disclosure in the CC is that they are confidant that the wire will pass customer tests with a small proviso concerning long term durability/performance as measured by a type of accelerated aging procedure.
1. It does not seem STI is too worried about this (judging by the CCs and morale at the company). 2. If by chance the customer is not satisfied with the results of such a test that this would be readily addressable. I imagine that this would require either increasing or changing the composition of the cap layer. Basic electrophysics would seem to tell us that these modifications would not compromise the wire's current carrying capacity nor mechanical strength.
Of course engineering, especially the commercial variant. must rely on actual real life tests under the actual environments (or as close as one can get) never mind what our theoretical models would tell us. Therefore, we have understandable restraint by JQ. Is this a fair assessment ?
JQ is worthless. From the conference calls in the past, we were lead to believe one qualification from the customer and then a full PO for wire. Now it looks as if the qualification is two stage or something like that as JQ muddled through an answer to Bill that lead to this conclusion. Also, STI has not qualified the wire for material diffusion.... longterm accelerated life test. This tests the wire to make sure that signficant diffusion does not take place over time which could reduce wire performance. JQ said that the customer is going to do this test. How confident is STI that it will pass the additional diffusion test???? Then JQ states, well maybe we should take Bill's advice and post intermediate progress towards a purchase order. What a genius.... it would be obvious to anyone with a clue that stock holders are hanging on each step of progress due to the fact that the money runs out in about 10 months. JQ is not sure if there are 4 or 5 potential customers that are being qualified. Finally, from the CC back in March, he stated 4-6 weeks for customer qualification. Now he says the wire is in queue and has not even begun testing. You would figure a real CEO would be on top of the SCFL qualification as the solvency of our $300 million investment is riding on this order. Why does not he know that his wire qualification is in queue back in March? He needs to have a real sense of urgency and go to the SFCL and let them know the urgency. The SFCL must know that their best potential wire supplier (the one who can get them the lowest cost, highest performance wire) is in need of a quick qualification cuz of the solvency issue. Fire JQ and let a senior tech guy run the show. Most likely the senior tech guy will be infinitely more informed and have a sense of urgency that JQ clearly does not have.
From JQ's usual gibberish during the EC that if they get qualified they have a small follow-up order, JQ, " ... I mean, it's not going to change the world from a revenue perspective. I mean, it's not kilometer. ..."
From what I'm reading, the realistic timeframe for meaningful orders is 2018-2019. Get ready for another dilution on the remote possibility they get qualified or not.
2017Q1 EC Summary: JQ was once again excited that he was able to string the retail marks along for another Q without a qualification and is confident that he expects to do the same for the next Q, as he has proven he's a global leader in stringing the retail marks along for over 12 years.
Stockpiling wire...It already may be a done deal...
Okay. So it's -- and how long would the first step take to prove itself out when you meet -- so in other words, my understand the timing is you meet the qualifications, you go to the next step which is the first order, how long would it take to figure out if that works and then you get the big order?
The most worrisome aspect from the CC is this paragraph: Anyone care to comment?
Yes, it will be run through the same parameters. We don't expect any surprises. The only caveat that I'll place on that is that we don't have the test (inaudible) to do all of their testing. So we've done the majority of everything we can do for mechanical strength, stress/strain, everything we can do on putting current through and testing the response of the wire in that way. A lot of what they test is along those lines. So we've done all that. But, again, many of these customers will do some extensive testing on, I guess, what I call is, accelerated aging sort of things in their particular device. So, however, they want to cycle that wire multiple times, thousands of times, that's what they'll do. And we can't duplicate that test. So the only thing I can say is, we believe all the mechanical parameters that we were trying to fix have been fixed, all the wire performance parameters that we wanted are there. And so we don't expect any surprises. And just a small caveat that we can't completely duplicate their test. So that's -- there's a small degree of unknown there.
Let the commercialization begin...GLTA...>>>>>>>>>>>>>>>>>>>>>eff Quiram, STI’s president and CEO, stated, “During the first quarter, our Conductus® HTS wire attained the performance for which we have been striving. In March, we began shipments of Conductus to key customers that incorporated the combined improvements in both mechanical and critical current capacity performance. We continue to engage with our customers as they complete qualification of our wire for their applications. Currently, our efforts are focused on preparing for commercial production of Conductus wire.
“Additionally, we are making good progress in our contract negotiations with the U.S. Department of Energy (DOE) for the Next Generation Electric Machines (NGEM) program. We anticipate work on our project should begin in the third quarter. Under the NGEM program, we will further evaluate several techniques that we believe will greatly improve the performance of Conductus wire while reducing the overall manufacturing costs. The DOE’s stated program goal is to bring about the rapid development of enabling technology used to manufacture superconducting industrial motors, allowing next generation motors to be highly efficient and have a much smaller footprint.
“As our commercialization efforts proceed, new applications continue to emerge in the electrical power industry with the potential to use disruptive Second Generation (2G) HTS superconducting technology. In general, these emerging applications intend to create large-scale, low-carbon energy that create value primarily by lowering the cost of energy generation. We are excited about these longer-term projects as many industry experts now believe that 2G HTS materials utilizing Rare Earth, Barium-Copper-Oxide (ReBCO) compounds will play a critical role, allowing magnetic field performance to more than double that of the conventional superconductor wire utilized today, such as Niobium Titanium (Nb-Ti) and Niobium Tin (Nb3Sn). STI’s proprietary RCE-CDR wire fabrication process delivers superior infield magnetic performance that is ideal for many of these applications and offers capabilities not matched by many competitive superconducting wire providers. We continue to believe we are well positioned to address the demanding technical performance necessary to address these near- and longer-term market opportunities,” Quiram concluded.
Someone must know something. This equity should be down much more than .19 after yesterdays .26 run up.
testing results may be announced any day. we know that there is a delay at their customer that has "the largest near term financial demand". but there are 3 or 4 other companies doing qualification testing right now. they also have the hts tapes since march. we don't know much about these other companies and their testing conditions and if there are similar delays as with the "big" SFCL-customer. but i think we can expect to get sooner their results than from thos big customer.
Have had this stock for a couple of years now. Earnings calls are always the same "the check (or results) is in the mail!" and I have yet to hear a positive vision or plan for the future beyond qualification and first POs. I knew this was a major speculation when I bought in so I'll stick a while longer, at least until I am sure that the reason my forehead is wet is truly from rainwater. Also, I don't know if he is on here, but thanks to the Bill who always calls in with questions during the earning calls, after two years he is about the only part of thye calls worth listening to.
We are one contract away from being a $5 equity...STI has pioneered the development of advanced proprietary HTS and manufacturing processes for over 20 years, and is the world’s only commercialized, high-throughput HTS thin film materials developer for RF applications. STI has deployed over 6,000 HTS filter systems operating today in public wireless networks, thereby proving the commercial and economic viability of HTS technology. Now, STI is applying its unique deposition techniques and manufacturing experience to the development of cost effective, high performance 2G HTS wire for applications ranging from AC Power Cables to Superconducting Fault Current Limiters (SFCL) and HTS Wind Turbine Generators.
STI’s world class expertise in Stirling cryogenic coolers and thermal packaging along with the ability to reduce production costs on a continuous basis marks the company as a premiere and industry leading cryogenics developer and manufacturer. As an example, STI has built and deployed over 6,000 Sapphire coolers operating 24 hours a day, 7 days a week in the field since 1999 for public wireless networks. Sapphire is an integrated Free Piston Stirling Cycle Cryocooler with a cooling capacity of 5 Watts at 77 Kelvin with less than 100 Watts input power. It has a field-proven Mean Time Between Failure (MTBF) of well over 1 million hours, requires zero maintenance and has logged over 250 million cumulative runtime hours. The Sapphire cooler is built on a scalable technology platform, enabling STI to develop coolers of varying sizes and performances that meet each new market demand.
Looks like Mask was right all along huh?
Powerful Team will get us to the next level and beyond...GLTA...Jeff Quiram joined STI in February 2005 and brings over 20 years of telecommunications industry experience.
On March 15, 2005 he became President, Chief Executive Officer, and Board member and is responsible for directing STI’s daily operations and building the company into a global leader of wireless infrastructure products.
Prior to STI, Jeff had a distinguished career at ADC Telecommunications that began in 1991. His most recent role was president of the wireless business unit, which began in 2002. The wireless unit provides innovative coverage systems to leading wireless network operators. From 2001 to 2002, he served as president of the connectivity business unit, the largest unit at ADC and the world leader in physical connectivity systems. From 1999 to 2001, he served as the managing director of ADC Finland, an RF component and subsystem provider to the large wireless systems manufacturers. Prior to that, Jeff was group vice president of sales at ADC from 1996 to 1999. He started his ADC career in the EF&I services organization. In addition, Jeff spent seven years in a number of engineering and operations roles at U S West, which is now part of Qwest.
Jeff received his B.S. in Computer Science from the University of St. Thomas and his M.B.A. from the University of Minnesota.
Bill Buchanan has been with STI since 1998 and became CFO in 2010 after serving as acting CFO since 2006 and Controller from 2000 to 2006.
For 16 years prior to joining us, he was a self-employed private investor and investment advisor. For the nine years prior to that, he served in various executive and accounting positions with Applied Magnetics Corp and Raytheon Co.
Bill holds a B.A. in Economics from California State University, Fresno.
Bob Johnson brings over 15 years of manufacturing and industrial engineering experience to STI. As Senior Vice President of Operations, Bob oversees all manufacturing activities as the company ramps up production to meet the growing demand for SuperLink® Solutions.
Bob joined STI in April 2000 as Vice President of Wireless Manufacturing. Since then, STI has increased production of SuperLink® units by nearly 2,000 percent while more than doubling the product's mean time between failure (MTBF) to over 500,000 hours. Prior to joining STI, Bob was the Director and General Manager of Schlumberger ATE from 1996 to April 2000. Before that, he served as the Vice President and General Manager of Harman International Industries from 1990 to 1996. Additional executive level experience includes serving as Vice President of Opcon and Carver Corporation.
Bob majored in industrial engineering at Arizona State University. Adam Shelton joined in April 2006 as Vice President, Product Management and Marketing.
Prior to STI, Adam was the Senior Director of Marketing for Motorola where he was responsible for the marketing of Motorola Networks products. Before joining Motorola, he was the Senior Director of Marketing for Advanced Fibre Communications (AFC), now Tellabs. Adam also held various management and executive management positions with Mahi Networks, ATU Communications and Bell Canada.
Adam graduated with dean's honors as a Civil Engineering Technologist from Seneca College in Toronto, Canada.
key member of the senior management team, Ken Pfeifer reports to Jeff Quiram, STI's president and chief executive officer, and manages all aspects of engineering at the company.
Prior to joining STI, Ken held senior management positions at Veeco Instruments and HelioVolt Corporation, where he was responsible for the development and production scaling of large-area thin film deposition equipment used in the solar industry. In these roles he managed software, electrical, and mechanical teams responsible for the core technology to enable reactive co-evaporation of thin-films over large areas, similar to the production method deployed by STI. Prior to work in the thin-film solar industry, he was a Program Manager and lead engineer for the MegaWatt scale uninterruptible power supply development at Active Power, Inc. In addition, he served in a variety of engineering leadership and product management positions at Applied Materials, Inc.
Ken holds an MBA from the McCombs School of Business at the University of Texas, a Master of Science degree in Mechanical Engineering from the University of Texas, and a Bachelor of Science degree in Mechanical Engineering from Texas A&M University.
Interesting 200,000 share open market purchase on 5-3 by billionaire Leroy Koop as his family now owns over 10% of this equity.
Headlines for May 03, 2017
Form 4 SUPERCONDUCTOR TECHNOLOG For: Apr 10 Filed by: Kopp LeRoy C US Securities and Exchange Commission - 5:13 PM ET, 05/03/2017 Filed on: May 3, 2017. Form 3 SUPERCONDUCTOR TECHNOLOG For: Apr 07 Filed by: Kopp LeRoy C US Securities and Exchange Commission - 5:10 PM ET, 05/03/2017 Filed on: May 3, 2017. Form 3 SUPERCONDUCTOR TECHNOLOG For: Apr 07 Filed by: Kopp Family Office, LLC US Securities and Exchange Commission - 5:07 PM ET, 05/03/2017