Resonant Completes $7 million Private Placement

Resonant Completes $7 million Private Placement

- Superconductor Technologies continues as minority stakeholder in Resonant -

AUSTIN, Texas, June 18, 2013 (GLOBE NEWSWIRE) -- Superconductor Technologies
Inc. (STI) (Nasdaq:SCON), a world leader in the development and production of
high temperature superconducting (HTS) materials and associated technologies,
announced Resonant Inc., an STI spin-out, raised $7 million in a private
placement exclusive of STI. Resonant was spun-out in July 2012 to leverage
Reconfigurable Resonance™ (RcR) technology developed by STI for advanced
wireless applications. This funding enables Resonant to continue to
commercialize RcR technology for the rapidly growing mobile communications
industry. After this June 2013 investment, Resonant's management and new
investors own the majority of equity and equity equivalents, and STI holds a
convertible note that represents a minority of Resonant's fully diluted

"Over many years, STI has developed a rich intellectual property (IP)
portfolio," stated Jeff Quiram, STI's president and chief executive officer.
"STI remains highly focused on our 2G HTS wire program and will also continue
to pursue alternatives to extract value on the deep reservoir of our IP
unrelated to our wire. In the spin out, STI contributed patents to Resonant to
form a company to assist mobile device manufacturers as they struggled to keep
up with the explosion of mobile data demand from next generation mobile

"In the past year, this data tidal wave has only accelerated. Under the
leadership of the Resonant management team, the RcR technology has been
successfully advanced. We believe the patented technology and highly
specialized technical team can address these issues with unique, disruptive
solutions. Others agree and additional sophisticated investors have validated
the Resonant business model and progress. We are pleased our shareholders are
positioned to enjoy the value being created by Resonant," concluded Quiram.

About Resonant & STI Relationship

In February 2012, STI signed a product development agreement with a global
leader in mobile communications products to bring to market RcR technology by
extending its world-leading expertise in radio frequency analog passive
circuit design and active analog circuitry. In July 2012, STI contributed a
group of patents and related technology to Resonant LLC (now wholly owned by
Resonant Inc.), and two STI employees joined Resonant as key members of the
management team. Resonant was founded as a company separate from STI and is
controlled by its own board and management.

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

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:
our limited cash and a history of losses; the limited number of potential
customers; the limited number of suppliers for some of our components and our
HTS wire; there being no significant backlog from quarter to quarter; our
market being characterized by rapidly advancing technology; overcoming
technical challenges in attaining milestones to develop and manufacture
commercial lengths of our HTS wire; customer acceptance of our HTS wire;
fluctuations in product demand from quarter to quarter; the impact of
competitive filter products, technologies and pricing; manufacturing capacity
constraints and difficulties; our ability to raise sufficient capital to fund
our operations (whether through our equity sales agreement, registered direct
offerings or otherwise), and the impact on our strategic wire initiative of
any inability to raise such funds; the impact of any such financing activity
on the level of our stock price; our ability to fully utilize our equity sales
agreement as a source of future financings and the dilutive impact of any
sales under such agreement, whether due to market conditions, our ability to
satisfy various conditions required to sell shares under the agreement, the
sales agent's performance of its obligations under the agreement or otherwise;
the impact on the level of our stock price, which may decline, in connection
with the sales under the equity sales facility, registered direct offerings or
otherwise; and local, regional, and national and international economic
conditions and events and the impact they may have on us and our customers,
such as the current worldwide recession.

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, 2012 and in STI's other public
filings. These documents are available online at STI's website,, or through the SEC's website, 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.

CONTACT: Investor Relations Contact
Cathy Mattison or Kirsten Chapman

Superconductor Technologies Inc. Logo
Press spacebar to pause and continue. Press esc to stop.