Press Releases

<br />-Over 30 MW of Power to be Managed by PowerModule(TM) Power Converter Systems Aboard Four All-Electric Ships Being Manufactured in Europe
<br />-Canadian Firm to Apply PowerModule Technology for Tugboat Electrical Storage System
<br />-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

<br />-- More Than 20 Electric Utilities Worldwide Adopt AMSC's Proprietary D-VAR Solution to Increase Power Grid Reliability
<br />-- 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

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

<br />-Up to $25 Million in Funding Awarded for Deployment of AMSC's Surge-Suppressing Superconductor 'Smart Grid' Technology in Manhattan
<br />-Secure Super Grids&#8482; Solution Expected to be Operational in 2010

Company to Host Conference Call at 10:00 a.m. ET on January 31

Presentation to be Webcast Live at 11 a.m. ET on January 9, 2008