JQ claimed for a fact that the claimed delamination fix is being tested: 2016Q4 SA EC transcript, JQ, "Our customers are now conducting test to validate our results in their applications and approve these samples.".
JQ proven to have LIED, delamination fix wire was not being tested by device manufactures: 2017Q1 SA EC transcript, JQ: "You have to reserve the slot in their testing laboratory and until we got the wire back with the copper plating on and tested to ourselves, we didn't know it was ready."
JQ's latest excuse on why the delamination fix wasn't tested by the device manufacturers. 2017Q2 SA EC transcript, JQ: "we called our customers and said well, you don't need to test it because it's not going to pass."
My, My, per the DOE websites, there are no selected funded awards "High temperature superconducting wire" under "NGEM: ENABLING TECHNOLOGIES"
AMO’s Next Generation Electric Machines (NGEM) program is an RD&D effort leveraging recent technology advancements in power electronics and electric motors to develop a new generation of energy efficient, high power density, high speed, integrated MV
I studied Industrial Sciences in highschool & am certain this will work their wire
STI's electric engines can replace fuel engines in Boeings in the future they are now at 600Amps /cm & in 2 years future at 1400 Amps/cm, Future STI electric engines are about 10x smaller, & have huge weight advantage Guys like Chris Froome winning races TDF are extremely thin
Cathy IR VP Management will provide further updates per Regulation Fair Disclosure via press releases or SEC filings, but the Q2 updates are the most recent.
Regards, Cathy Cathy Mattison, Vice President
Subject: Please do an update on cap layer shipments sent out or
plans about the power cables & windturbines that was near term focus AMSC has some more visibility about their plans
With bigger turbines, the developer can increase electricity production while reducing the number of turbine positions at the same time. Also they expect 13MW 15MW windturbines t o be only there by 2024 leaving STI with some chance to catapult itself in the industry solving this problem much sooner with GE & Siemens mentioned on CC's
Putting together a conservative estimate of the timeline for qualification which JQ did not want to commit to..... 1. Getting in spec cap layer wire to customers.... not to distant future (quote from JQ) would be conservatively 3 weeks from CC call or Aug. 31 2. SFCL customer is their best bet at contract, and they have testing queue in their lab. Assume 4 weeks in queue based on STI conversations occurring now to get their wire in queue. Sept. 29: date wire starts qualification testing at SFCL. 3. STI has quoted that the SFCL customer in the past as having a 2-3 week test regimen for qualification (slamming the wire with high current (fault simulation) in a SFCL configuration to see how many cycles it can last). Conservatively takes us to OCT 19th. 4 STI gets results by OCT. 19th. According to previous CC's, high chance of success based on past testing at STI and customer. STI announces HTS wire qualified in formal announcement. 5. Hopefully in the interim period Now-OCT 19, STI and customer have been working out details of contract for shipments of HTS wire. 6. STI announces contract in hand by OCT 26.
Only wild card here is the queue time in the lab which one would hope STI could negotiate a high priority based on STI going belly up without qualification and SFCL supplier not having access to STI HTS II wire. Right now STI has best performing HTS II wire on the market and SFCL would want that wire in their qualified product. If SFCL does not qualify STI wire, then their option would be to qualify a worse performing HTS II wire from AMSC or superpower.
This would be typical timeline for high tech company selling its component to another high tech company up the food chain.
All STI management and the rest of the "board" should have been booted out a long time ago. SHAMELESS!
$4.5 million financing coming starting Q3 from Department Of Energy
US Boat able to carry windturbines of 10 15 20 Megawatt offshore going operational mid 2018
Anyone holding shares settled before 8/7, hold onto them until the annual meeting. Vote against SCON's criminal BS. Don't let them continue to dilute and split. What should the board be awarded for anyways. They don't do anything progressive or worthy of free options. Vote out the trash and stop the dilution.
IS A SINKER! Turdmania abounds and yet another reverse split and dilution is no doubt on the way as STI management soon frolicks at yet another European convention. Nice work, boys. Nice work!
AMSC has 6 press releases outside of earnings this year STI (SCON) has to increase visibility & do more press releases
You know, I just feel so close to you all now. I don't know what we're going to end up doing when S(con) gets delisted. I mean, don't you think we should start a blog or reddit or something so we can all keep in touch? sniffle. sniffle.
I can't help but wont themselder if this is a scheme to screw existing shareholders and drive the price down. Why? So STI can cut a deal with the latest PIPER and management can save their worthless hides. And of course they'll grant themselves massive stock options and shares for a job well done. That includes the rodent board members and compensation committee.
Awe-Inspiring For 10 years now, investors are down 98% buying into the S Cons revolutionary hype. Their product does not work! Blah, Blah, Blah. Superconductors have so many great applications.
Cathy IR told me in march near term focus is power cables & windturbines
Folks, while the news about the cap layer was certainly disappointing, there is still, according the JQ on the call, the possibility that they can receive the wire from their cap layer supplier, check it out and send it to their SFCL customer for testing. JQ expressed the belief that the customer could test the wire to their satisfaction, and for STI to still have time before the end of the year to produce that initial low capacity production test run, before the end of the year. The essence of that statement is in JQ's response to Sameer's last query by just before Bill Lap starts with his questions.
Thus there is the possibility, however remote, that STI could get the production order near the end of the year or in the 1st Q of next year. That might just be enough to avoid another round of dilutive financing. I certainly hope that JQ will keep his shareholders more informed about progress moving forward. His lack of communication is ill conceived.
In dense urban environments many substations often reach capacity limits and require redundant transformer capacity to improve reliability. HTS cables can tie these existing stations together, avoiding very costly transformer upgrades and construction costs. .