American Superconductor Corp. AMSC, The Wind Is Blowing and Shipments of Wind Turbine are Accelerated

American Superconductor Corporation, has amended it contract with Sinovel Wind of China (China's largest wind turbine manufacturer), to meet increasing demands of 1.5 megawatt turbines.

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Originally the contract call for shipping core components for Sinovel’s 1.5 MW wind turbines beginning in Jan. 09 and continuing through Dec. 2011.  This has been amended in the new contract to complete shipments so the contract is complete by April 2011.

"Sinovel has ascended to the top of China’s rapidly growing wind industry and continues to increase its market share and backlog," said Greg Yurek, founder and chief executive officer of AMSC. "This acceleration of shipments to Sinovel was necessitated by recent wind turbine orders received by them for new large-scale wind farms in China. We anticipate that Sinovel will continue to grow rapidly throughout the next decade, which we expect will give rise to new orders for our core electrical components for 2011 and beyond."

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