Superconductor Technology teams with New Zealand university

Sep 18, 2014
Austin Business Journal

Superconductor Technologies Inc. has agreed to jointly contact customers and partners in building products using STI’s Conductus wire combined with technology developed at a New Zealand university

The Austin-based company disclosed Wednesday plans to team with the Robinson Research Institute at Victoria University on the project, according to a company announcement. The hope is to find more applications for their superconducting technologies

The Robinson Research Institute, with the help of the private sector, has built superconducting devices for the energy industry, recently completing a transformer for use in the electrical grid. In the health care market, Robinson has focused on applications of MRI systems where these new types of wire offer a competitive advantage

STI, founded in 1987, develops high-temperature superconducting materials and other specialized products. It employs about 80 workers

In August, the company reported a second-quarter loss of $55,000 on revenue of $75,000 compared with a loss of $2.4 million, or 54 cents per share, on revenue of $555,000 during the same period last year

In 2011, it disclosed plans to relocate its corporate headquarters from Santa Barbara, Calif., to a 94,000-square-foot Austin facility previously occupied by Applied Materials Inc.

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