Press Releases

Presentations to be Broadcast Live Over the Internet on January 6 and February 12

Revenues Expected to Grow to More Than $225 Million in Fiscal 2009 Company Expects to be Profitable on a GAAP Basis for Full Year Fiscal 2009 China Wind Market Expected to Continue to be Primary Driver of Revenue Growth and Profitability

Presentations to be Webcast Live Beginning at 8:30 a.m. ET

Shenyang Blower Works to Begin Manufacturing 2 Megawatt Wind Turbines for Chinese Market in 2010

-- Global 500 Company to Enter U.S. Wind Market with AMSC Windtec's 1.65 MW and 2 MW Wind Turbines

-Revenues Increased 87 Percent Year Over Year

-Fiscal 2008 Revenue and Net Income Forecasts Reconfirmed

-Company Expects to Achieve Profitability on a GAAP Basis in Fourth Fiscal Quarter

Distribution Voltage SVC Systems to Increase Performance of Major Oil Pipeline

Company to Host Conference Call at 10:00 a.m. ET on November 4

Presentation to be Webcast Live on October 22, 2008

XJ Group Corporation to Become Fifth Manufacturer to Provide AMSC Windtec-Designed Wind Turbines to the Chinese Market

Secure Super Grids(TM) Prototype Cable to be Tested in 2009; Solution to be Deployed in Manhattan Power Grid in 2010

<br />-Revolutionary PowerModule(TM) PM3000W Converter Incorporates AMSC's Unique Combination of Wind Turbine Design, Power Electronics and Power Grid Operation Expertise
<br />-New Features Include Low Voltage Ride Through and Wind Specific Controls
<br />-Pre-Launch Orders Booked for More Than 3,300 Converters from Wind Turbine Manufacturers in Canada, China, Germany and India
<br />-Product Shipments to Customers Initiated in September 2008

Presentations to be Broadcast Live Over the Internet on September 4 and September 10

<br />- Turkey's First Wind Turbine Manufacturer to Initiate Production of Proprietary 1.65 MW Wind Turbines in 2009 for Mediterranean and Eastern European Countries
<br />- Each Model Enerji Wind Turbine to Utilize AMSC's Core Electrical Components

-First-Quarter Revenues Doubled Year Over Year to Record $39.8 Million

-Positive Cash Flow Generated from Operations

-Total Backlog Increased to $634 Million as of June 30, 2008

-Fiscal 2008 Revenue and EBITDAS Forecasts Increased

<br />-Successful Electrical Tests of High Temperature Superconductor Degaussing Coil to be Followed by Sea Trials Over Next Two Years
<br />-System is Significantly Lighter and Less Expensive to Install and Operate Than Conventional Copper-Based Degaussing Coils

Company to Host Conference Call at 10:00 a.m. ET on August 5

Five New Customers Adopt Solution to Increase Industrial Productivity Across Diverse Markets

<br />-Ceremony Held at Long Island Power Authority's Holbrook Transmission Right of Way
<br />-Project Partners Commence Second Phase of LIPA Project Focused on Deployment of Secure Super Grids(TM) Technology

AMSC to Provide Core Electrical Components for Sinovel's 1.5 Megawatt Wind Turbines Over Three Years