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Jan 31, 2008
AMSC Reports Third-Quarter Fiscal 2007 Financial Results

<p align="center">-Record Revenues Posted as Sales Increased 245 Percent Year Over Year
<p align="center">-Gross Margin Grows to a Record 28.7 Percent
<p align="center">-Fiscal 2007 Financial Forecast Revised Upward
<p align="center">-Backlog for Fiscal 2008 Continues to Grow
<p align="center">-Consolidation of Massachusetts Operations Completed

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