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Superconductor Technologies Inc. Announces Exercise of Over-Allotment Option



Superconductor Technologies Inc. Announces Exercise of Over-Allotment Option

AUSTIN, Texas, Dec. 5, 2012 (GLOBE NEWSWIRE) -- Superconductor Technologies
Inc. (Nasdaq:SCON) ("STI"), a world leader in the development and production
of high temperature superconducting (HTS) materials and associated
technologies, today announced the exercise in full of the over-allotment
option granted to the underwriters by Superconductor Technologies with respect
to the purchase of 500,000 shares of common stock at a public offering price
of $0.30 per share. The over-allotment option is being exercised in connection
with Superconductor Technologies' previously announced underwritten public
offering of 3,333,334 shares of common stock. As a result of the exercise of
the over-allotment option, the total gross proceeds to Superconductor
Technologies from the offering will be approximately $1,150,000, before
deducting the underwriting discount and other estimated offering expenses.

This press release does not constitute an offer to sell, or the solicitation
of an offer to buy, these securities, nor will there be any sale of these
securities in any state or other jurisdiction in which such offer,
solicitation or sale is not permitted.

About Superconductor Technologies Inc. (STI)

Superconductor Technologies Inc., headquartered in Austin, TX, has been a
world leader in HTS materials since 1987, developing more than 100 patents as
well as proprietary trade secrets and manufacturing expertise. For more than a
decade, STI has been providing innovative interference elimination and network
enhancement solutions to the commercial wireless industry. The company is
currently leveraging its key enabling technologies, including RF filtering,
HTS materials and cryogenics to develop energy efficient, cost-effective and
high performance second generation (2G) HTS wire for existing and emerging
power applications, to develop applications for advanced RF wireless solutions
and innovative adaptive filtering, and for government R&D. Superconductor
Technologies Inc.'s common stock is listed on the NASDAQ Capital Market under
the ticker symbol "SCON." For more information about STI, please visit
http://www.suptech.com.

The Superconductor Technologies Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=3963

Safe Harbor Statement

Statements in this press release regarding our business that are not
historical facts are "forward-looking statements" that involve risks and
uncertainties. Forward-looking statements are not guarantees of future
performance and are inherently subject to uncertainties and other factors,
which could cause actual results to differ materially from the forward-looking
statements. These factors and uncertainties include, but are not limited to:
limited cash and a history of losses; our ability to raise sufficient capital
to fund our operations, and the impact on our strategic initiatives of any
inability to raise such funds; the impact of any such financing activity on
the level of our stock price; limited number of potential customers; decreases
in average selling prices for our products; rapidly advancing technology in
our target markets; our need to overcome additional technical challenges in
attaining milestones to develop and manufacture commercial lengths of our
Conductus(R) HTS wire; customer acceptance of our Conductus HTS wire; the
impact of competitive products, technologies and pricing; limited number of
suppliers for some of our components; no significant backlog from quarter to
quarter; fluctuations in sales and product demand from quarter to quarter,
which can be significant; our proprietary rights, while important to our
business, are difficult and costly to protect; manufacturing capacity
constraints and difficulties; cost and uncertainty from compliance with
environmental regulations; and local, regional, and national and international
economic conditions and events, and the impact they may have on us and our
customers.

Forward-looking statements can be affected by many other factors, including,
those described in the "Business" and "Management's Discussion and Analysis of
Financial Condition and Results of Operations" sections of STI's Annual Report
on Form 10-K for the year ended December 31, 2011 and in STI's other public
filings. These documents are available online at STI's website,
www.suptech.com, or through the SEC's website, www.sec.gov. Forward-looking
statements are based on information presently available to senior management,
and STI has not assumed any duty to update any forward-looking statements.

Contacts

Investor Relations, invest@suptech.com, Cathy Mattison or Becky Herrick of
LHA, +1-415-433-3777, for Superconductor Technologies Inc.

Superconductor Technologies Inc. Logo
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