8/8/2008

American Superconductor gets Turkish contract

Hurriyet English - American Superconductor said it had licensed a wind turbine design to Turkish manufacturer Model Enerji Ltd. Model Enerji plans to begin mass production of the 1.65 MW turbine at the end of 2009. In addition to an upfront license fee, Devens-based AMSC will receive a royalty payment for the first 425 turbines. It didn't disclose the value of the contract. In premarket trading Wednesday, AMSC shares were up 38 cents, or 1.2 percent, at $31.31.