milan米兰体育官网入口 Acquires SuperPower Inc., U.S. Manufacturer of Second Generation High Temperature Superconducting Wire
~For the Development of New Products Using milan米兰体育官网入口 and Expansion of Business Worldwide~

On October 17, 2011, milan米兰体育官网入口 entered into a binding agreement, , with the Phillips Group to acquire SuperPower Inc. (“SuperPower”), a manufacturer and provider of Second Generation High Temperature Superconducting (“2G HTS”) wire. The closing of the transaction remains subject to various regulatory and governmental approvals as well as other closing conditions

Through this acquisition, milan米兰体育官网入口 welcomes to its group one of the only two companies in the world with the capability for commercial production of 2G HTS wire today. milan米兰体育官网入口 plans to expand both its and SuperPower's business aggressively in the markets of the globally-expanding smart grid sector, alternative energy sector and industrial sector by providing superconducting wire as well as developing applied superconductor devices.

Description of the Acquired Business and Purpose of Acquisition

Headquartered milan米兰体育官网入口 state of New York, U.S.A., SuperPower is a manufacturer and provider of 2G HTS wire with more than 130 customers milan米兰体育官网入口 U.S., Europe and other parts of the world. Currently, SuperPower and another American company are the only two companies milan米兰体育官网入口 world that have the capability to mass produce and provide 2G HTS wire for their customers.

Since the start of sales of niobium titanium wire and other metallic superconducting wires in the 1960s, milan米兰体育官网入口 has been providing metal superconducting wire for the medical sector (e.g., MRI), the industrial sector (e.g., single crystal pull-up apparatus), scientific research (e.g., accelerator) and the energy sector (e.g., nuclear fusion). milan米兰体育官网入口 has also been working on research and development of HTS devices, such as superconductor electric cable and fault current limiter, which are critical devices for smart grid and renewable energy equipment.

With this transaction, milan米兰体育官网入口, with technological advantage in the commercialization of superconductor electric cable and other applied devices, and SuperPower, with technological advantage in superconducting wire production, will come together to form a group with the capability to mass produce a range of 2G HTS products from wire to devices. Through provision of superconductor electric cable and wire for large wind turbine generators as well as expansion of the device business, milan米兰体育官网入口 aims to generate sales of US$ 100 million by 2016. In the field of superconducting wire, milan米兰体育官网入口 and SuperPower will be the only manufacturer in the world which can provide both HTS and metal superconducting wire on a broad commercial basis at this time.

milan米兰体育官网入口 will respond to the wide range of needs of its customers and contribute to the advancement of the electric power infrastructure to expand its business globally with product offerings for smart grid and electric-power-related infrastructure sectors.

milan米兰体育官网入口 SuperPower Inc.

Overview of milan米兰体育官网入口 Co., Ltd.

About milan米兰体育官网入口

2G HTS wire refers to superconducting wire made of yttrium and other rare earth materials, as opposed to bismuth used for first generation superconducting wire. Compared with first generation wire, 2G HTS wire has superiority in mechanical strength and electric attributes in magnetic fields, and has lower alternating current loss with lower expected production cost milan米兰体育官网入口 future. For this reason, 2G HTS is the mainstream objective for research in superconductivity today.