Press Releases

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

-Ceremony Held at Long Island Power Authority's Holbrook Transmission Right of Way
-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

- TECO to Initiate Production of Proprietary AMSC Windtec 2 MW Wind Turbines in Taiwan in 2009
- Licensed Territory Includes Taiwan and Mainland China
- 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

-Wind Farms in Australia, Canada and the United Kingdom to Utilize AMSC's Grid Interconnection Solution
-Market for Grid Interconnection Solutions Expanding With Growth in Worldwide Installed Base of Wind Power
-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

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

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

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

-Veteran Participant in Indian Wind Market Adding Turbine Production Capability
-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
-Initial Production of 1.65 MW Wind Turbines in 2009

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

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

-Over 30 MW of Power to be Managed by PowerModule(TM) Power Converter Systems Aboard Four All-Electric Ships Being Manufactured in Europe
-Canadian Firm to Apply PowerModule Technology for Tugboat Electrical Storage System
-Programmable Power Electronic Building Blocks Addressing Multiple Markets, Including Commercial Marine, Wind Energy, Fuel Cell and Power Grid Reliability Systems

Presentation to be Webcast Live at 2:15 p.m. ET on March 3, 2008

-- More Than 20 Electric Utilities Worldwide Adopt AMSC's Proprietary D-VAR Solution to Increase Power Grid Reliability
-- Over 60 AMSC STATCOM Solutions Sold Worldwide - More Than All Other STATCOM Manufacturers Combined

Presentations to be Webcast Live on February 13 and February 20

-Record Revenues Posted as Sales Increased 245 Percent Year Over Year

-Gross Margin Grows to a Record 28.7 Percent

-Fiscal 2007 Financial Forecast Revised Upward

-Backlog for Fiscal 2008 Continues to Grow

-Consolidation of Massachusetts Operations Completed

- ZERLI Places Follow-on Order for Electrical Systems for an Additional 20 Wind Turbines
- AAER, Inc. Places Order for Electrical Systems to be Used in its First 10 Wind Turbines

-Up to $25 Million in Funding Awarded for Deployment of AMSC's Surge-Suppressing Superconductor 'Smart Grid' Technology in Manhattan
-Secure Super Grids™ Solution Expected to be Operational in 2010