Superconductor Technologies Inc. to Raise $2.18 Million in Registered Direct Offering

Superconductor Technologies Inc. to Raise $2.18 Million in Registered Direct
Offering

AUSTIN, Texas, April 24, 2013 (GLOBE NEWSWIRE) -- Superconductor Technologies
Inc. ("STI" or the "Company"), (Nasdaq:SCON), today announced that it has
entered into a definitive agreement with institutional investors for a
registered direct placement of approximately $2.18 million of common stock at
a price of $4.25 per share. In addition, the Company will issue to the
investors warrants to purchase up to an aggregate of 513,827 shares of common
stock. The warrants have an exercise price of $5.45 per share, and are
exercisable 12 months and one day after issuance. One half of the warrants
terminate two years after the date of issuance and the other one half
terminate six years after the date of issuance.

The offering is expected to close on or about April 26, 2013, subject to
satisfaction of customary closing conditions.

Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial
Services Inc. (NYSE MKT:LTS), served as the exclusive placement agent on the
transaction.

The securities described above are being offered pursuant to a shelf
registration statement (File No. 333-172190), which was declared effective by
the United States Securities and Exchange Commission ("SEC") on April 13,
2011. This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any of the securities described herein, nor
shall there be any sale of these securities in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or jurisdiction.
When filed with the SEC, copies of the prospectus supplement and the
accompanying base prospectus relating to this offering may be obtained at the
SEC's website at http://www.sec.gov or by request at Ladenburg Thalmann & Co.
Inc., 4400 Biscayne Blvd., 14th Floor, Miami, Florida 33137.

About Superconductor Technologies Inc. (STI)

Superconductor Technologies Inc., founded in Santa Barbara, CA, and now
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.

Safe Harbor Statement

This press release contains certain statements that may include
"forward-looking statements." All statements other than statements of
historical fact included herein are "forward-looking statements." These
forward-looking statements are often identified by the use of forward-looking
terminology such as "believes," "expects" or similar expressions, involving
known and unknown risks and uncertainties. Although the Company believes that
the expectations reflected in these forward-looking statements are reasonable,
they do involve assumptions, risks and uncertainties, and these expectations
may prove to be incorrect. You should not place undue reliance on these
forward-looking statements, which speak only as of the date of this press
release. The Company's actual results could differ materially from those
anticipated in these forward-looking statements as a result of a variety of
factors, including the risk factors discussed in the Company's periodic
reports that are filed with the Securities and Exchange Commission.All
forward-looking statements attributable to the Company or persons acting on
its behalf are expressly qualified in their entirety by these risk factors.
Other than as required under the securities laws, the Company does not assume
a duty to update these forward-looking statements.

Contacts

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

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