AMSC Receives $30 Million Follow-On Order From Inox Wind

AMSC Receives $30 Million Follow-On Order From Inox Wind

DEVENS, Mass., Feb. 11, 2013 (GLOBE NEWSWIRE) -- AMSC (Nasdaq:AMSC), a global
solutions provider serving wind and power grid industry leaders, today
announced that it has received an order worth in excess of $30 million for
wind turbine electrical control systems (ECS) from Inox Wind Limited, part of
India's Inox Group of Companies. AMSC expects to begin shipments under this
new order during the current quarter and complete shipments in 2014. This is
the fifth and largest order that AMSC has received from Inox sincethe
companybegan volume production of its 2 megawatt (MW) wind turbines, which
were licensed from AMSC in May 2009.

"To date, we have installed nearly 250 MW of high-quality, reliable,
cost-competitive wind turbines in India – a solid step toward our objective of
becoming India's premiere wind power company," said Devansh Jain, director of
Inox Wind Limited. "We are already among India's top five wind energy
companies with well respected customers including India's largest wind IPP's,
private power distribution companies and prestigious government organizations.
We are looking forward to continuing our rapid growth in the Indian market and
working with AMSC to help India meet its energy demands with clean,
emission-free power."

AMSC's ECS are an integrated, high-performance suite of power electronics
systems that include the wind turbine power converter cabinet, internal power
supply and various controls. Together, these systems serve as the "brains" of
the wind turbine and enable reliable, high-performance operation by
controlling power flows, regulating voltage, monitoring system performance,
controlling the pitch of the wind turbine blades and the yaw of the turbines
to maximize efficiency.

"Since the inception of our relationship, Inox has quickly become one of
AMSC's key wind turbine manufacturing partners, and India has emerged as one
of our key markets," said Daniel P. McGahn, President and CEO, AMSC. "We are
proud to partner with Inox, a company that is dedicated to manufacturing
excellence and committed to helping India to bridge its power gap with
high-performance wind turbines."

To learn more about AMSC's product offerings for the wind industry, please
visit: http://www.amsc.com/windtec/index.html.

About Inox Wind Limited

Inox Wind Limited is part of the Inox Group of Companies. Inox Group is a $2
billion+, professionally managed business group, with interests in diverse
businesses including Industrial Gases, Refrigerants, Engineering Plastics,
Chemicals, Carbon Credits, Cryogenic Engineering, Renewable Energy and
Entertainment. The INOX Group employs close to 9,000 people at more than 150
business units across the country and has a distribution network that is
spread across more than 50 countries around the globe. Each INOX Group company
is characterized by three distinct characteristics - early identification of a
winning business idea, building it to a size of dominant market leadership in
that segment, and attaining a profit leadership position through cutting-edge
efficiency in operations. The Inox Group of Companies, besides Inox Wind
Limited, includes Inox Air Products Limited, Gujarat Fluorochemicals Limited,
Inox India Limited, Inox Renewables Limited, Inox Leisure Limited and Fame
India limited. More information is available at www.inoxwind.com.

About AMSC (NASDAQ: AMSC)

AMSC generates the ideas, technologies and solutions that meet the world's
demand for smarter, cleaner … better energy. Through its Windtec™ Solutions,
AMSC provides wind turbine electronic controls and systems, designs and
engineering services that reduce the cost of wind energy. Through its Gridtec™
Solutions, AMSC provides the engineering planning services and advanced grid
systems that optimize network reliability, efficiency and performance. The
company's solutions are now powering gigawatts of renewable energy globally
and enhancing the performance and reliability of power networks in more than a
dozen countries. Founded in 1987, AMSC is headquartered near Boston,
Massachusetts with operations in Asia, Australia, Europe and North America.
For more information, please visit www.amsc.com.

The AMSC logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=11339

AMSC, Windtec, and Gridtec are trademarks or registered trademarks of American
Superconductor Corporation. All other brand names, product names, trademarks
or service marks belong to their respective holders.

This press release contains forward-looking statements within the meaning of
Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange
Act"). Any statements in this release about future expectations, plans and
prospects for the company, including without limitation, our expectations
regarding the recognition of revenue associated with the new order, the timing
of our future ECS shipments and the performance of our products, and other
statements containing the words "believes," "anticipates," "plans," "expects,"
"will" and similar expressions, constitute forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements represent management's current expectations and are
inherently uncertain.

There are a number of important factors that could materially impact the value
of our common stock or cause actual results to differ materially from those
indicated by such forward-looking statements. Such factors include: Our
success in addressing the wind energy market is dependent on the manufacturers
that license our designs; we may not realize all of the sales expected from
our backlog of orders and contracts; we may require additional funding in the
future and may be unable to raise capital when needed; our business and
operations would be adversely impacted in the event of a failure or security
breach of our information technology infrastructure; our success is dependent
upon attracting and retaining qualified personnel and our inability to do so
could significantly damage our business and prospects; we rely upon
third-party suppliers for the components and subassemblies of many of our Wind
and Grid products, making us vulnerable to supply shortages and price
fluctuations, which could harm our business; many of our revenue opportunities
are dependent upon subcontractors and other business collaborators; if we fail
to implement our business strategy successfully, our financial performance
could be harmed; problems with product quality or product performance may
cause us to incur warranty expenses and may damage our market reputation and
prevent us from achieving increased sales and market share; our contracts with
the United States government are subject to audit, modification or termination
by the United States government and include certain other provisions in favor
of the government; the continued funding of such contracts remains subject to
annual congressional appropriation which, if not approved, could reduce our
revenue and lower or eliminate our profit; we may acquire additional
complementary businesses or technologies, which may require us to incur
substantial costs for which we may never realize the anticipated benefits;
many of our customers outside of the United States are, either directly or
indirectly, related to governmental entities, and we could be adversely
affected by violations of the United States Foreign Corrupt Practices Act and
similar worldwide anti-bribery laws outside the United States; we have limited
experience in marketing and selling our superconductor products and
system-level solutions, and our failure to effectively market and sell our
products and solutions could lower our revenue and cash flow; we have a
history of operating losses, and we may incur additional losses in the future;
our operating results may fluctuate significantly from quarter to quarter and
may fall below expectations in any particular fiscal quarter; we may require
additional funding in the future and may be unable to raise capital when
needed; our new debt obligations include certain covenants and other events of
default. Should we not comply with the covenants or incur an event of default,
we may be required to repay our debt obligations in cash, which could have an
adverse effect on our liquidity; we have recorded a liability for adverse
purchase commitments with certain of our vendors; should we be required to
settle these liabilities in cash, our liquidity could be adversely affected;
if we fail to maintain proper and effective internal controls over financial
reporting, our ability to produce accurate and timely financial statements
could be impaired and may lead investors and other users to lose confidence in
our financial data; we may be required to issue performance bonds or provide
letters of credit, which restricts our ability to access any cash used as
collateral for the bonds or letters of credit; changes in exchange rates could
adversely affect our results from operations; growth of the wind energy market
depends largely on the availability and size of government subsidies and
economic incentives; we depend on sales to customers in China, and global
conditions could negatively affect our operating results or limit our ability
to expand our operations outside of China; changes in China's political,
social, regulatory and economic environment may affect our financial
performance; our products face intense competition, which could limit our
ability to acquire or retain customers; our international operations are
subject to risks that we do not face in the United States, which could have an
adverse effect on our operating results; adverse changes in domestic and
global economic conditions could adversely affect our operating results; we
may be unable to adequately prevent disclosure of trade secrets and other
proprietary information; our patents may not provide meaningful protection for
our technology, which could result in us losing some or all of our market
position; the commercial uses of superconductor products are limited today,
and a widespread commercial market for our products may not develop; there are
a number of technological challenges that must be successfully addressed
before our superconductor products can gain widespread commercial acceptance,
and our inability to address such technological challenges could adversely
affect our ability to acquire customers for our products; we have not
manufactured our Amperium wire in commercial quantities, and a failure to
manufacture our Amperium wire in commercial quantities at acceptable cost and
quality levels would substantially limit our future revenue and profit
potential; third parties have or may acquire patents that cover the materials,
processes and technologies we use or may use in the future to manufacture our
Amperium products, and our success depends on our ability to license such
patents or other proprietary rights; our technology and products could
infringe intellectual property rights of others, which may require costly
litigation and, if we are not successful, could cause us to pay substantial
damages and disrupt our business; we have filed a demand for arbitration and
other lawsuits against our former largest customer, Sinovel, regarding amounts
we contend are overdue. We cannot be certain as to the outcome of these
proceedings; we have been named as a party to purported stockholder class
actions and stockholder derivative complaints, and we may be named in
additional litigation, all of which will require significant management time
and attention, result in significant legal expenses and may result in an
unfavorable outcome, which could have a material adverse effect on our
business, operating results and financial condition; our 7% convertible note
contains provisions that could limit our ability to repay the note in shares
of common stock and should the note be repaid in stock, shareholders could
experience significant dilution; our common stock has experienced, and may
continue to experience, significant market price and volume fluctuations,
which may prevent our stockholders from selling our common stock at a profit
and could lead to costly litigation against us that could divert our
management's attention; and new regulations related to conflict-free minerals
may force us to incur additional expenses. These and the important factors
discussed under the caption "Risk Factors" in Part II. Item 1A and Part 1.
Item 1A of our Form 10-K/A for the fiscal year ended March 31, 2012, and our
other reports filed with the SEC, among others, could cause actual results to
differ materially from those indicated by forward-looking statements made
herein and presented elsewhere by management from time to time. Any such
forward-looking statements represent management's estimates as of the date of
this press release. While we may elect to update such forward-looking
statements at some point in the future, we disclaim any obligation to do so,
even if subsequent events cause our views to change. These forward-looking
statements should not be relied upon as representing our views as of any date
subsequent to the date of this press release.

CONTACT: AMSC Contact:
         Kerry Farrell
         Phone: 978-842-3247
         Email: kerry.farrell@amsc.com

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