Press Releases

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

<br />- TECO to Initiate Production of Proprietary AMSC Windtec 2 MW Wind Turbines in Taiwan in 2009
<br />- Licensed Territory Includes Taiwan and Mainland China
<br />- TECO to Utilize AMSC's Proprietary Core Electrical Components in Each Turbine

Presentations to be Broadcast Live Over the Internet on June 5, June 12 and June 24

<br />-Wind Farms in Australia, Canada and the United Kingdom to Utilize AMSC's Grid Interconnection Solution
<br />-Market for Grid Interconnection Solutions Expanding With Growth in Worldwide Installed Base of Wind Power
<br />-Company to Host "Connecting With the Wind(TM)" Exhibit at WINDPOWER 2008 Conference & Exhibition in Houston

-Fourth-Quarter Revenues Increased 101 Percent Year Over Year

-Full Fiscal 2007 Revenues More Than Doubled to $112.4 Million

-Record Gross Margin of 28.5 Percent Achieved for Full Fiscal 2007

-Total Backlog as of March 31, 2008 Increased to $199 Million

-Fiscal 2008 Revenue Forecast Revised Upward

<br />-Cable System Able to Carry 574 Megawatts of Power to Local Residents and Businesses
<br />-Industry/Government Partnership Takes Major Step Forward in Development of Electricity Superhighways
<br />-Very Low Impedance Characteristics Enable Self-Adjusting, Secure Power Networks

Company to Host Conference Call at 10:00 a.m. ET on May 8

<br />-D-VAR(R) Solution Selected to Meet Grid Interconnection Requirements for 35 Wind Farms Worldwide
<br />-With New Orders, AMSC Products Will Be Serving More Than 7 Gigawatts of Wind Generated Electricity Worldwide - Up 120 Percent From One Year Ago

<br />-Veteran Participant in Indian Wind Market Adding Turbine Production Capability
<br />-AMSC's Proprietary WT1650 Wind Turbine Design to be Manufactured for Expanding Market in India and for Export to the Middle East, Southern Asia and Africa
<br />-Initial Production of 1.65 MW Wind Turbines in 2009

Core Electrical Components to be Delivered to Sinovel Over Next 15 Months

<br />-First Order from China's Dongfang Steam Turbine Works Received for Electrical Systems for AMSC Windtec's 2.5 MW Wind Turbine Design
<br />-Canada's AAER, Inc. Orders Core Electrical Components for 20 Additional 1.5 MW Wind Turbines
<br />-CSR-ZELRI Orders 20 Additional Sets of Core Electrical Components for 1.65 MW Wind Turbines in China