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AMSC Wins First D-VAR(R) STATCOM Project in South Africa

AMSC Wins First D-VAR(R) STATCOM Project in South Africa

DEVENS, Mass., Sept. 10, 2013 (GLOBE NEWSWIRE) -- AMSC (Nasdaq:AMSC), a global
solutions provider serving wind and power grid industry leaders, today
announced that Consolidated Power Projects (CONCO), South Africa's largest
high voltage construction company, has selected AMSC's D-VAR® STATCOM solution
to connect South Africa's largest wind farm to the electricity grid. This is
AMSC's first D-VAR STATCOM sale to South Africa. The system will be
commissioned in the first half of 2014.

"We selected AMSC as the grid interconnection solution provider because of its
proven ability to meet even the most stringent of grid codes and keep wind
farms online thereby increasing output and revenues," said Rein Dijkstra,
Business Unit Manager; Renewable Energy, CONCO.

To ensure high quality power and a stable electricity grid, South Africa has
carefully reviewed the lessons learned by other countries and regions that
have added substantial amounts of renewable energy to their grids and have
designed strict grid codes that must be met in order for renewable power
plants to connect to the grid. AMSC's D-VAR solution offers complete VAR
compensation and voltage control, enabling wind and solar energy generation
systems to meet the most stringent requirements while augmenting overall
performance of the wind farm.

Located at the wind or solar plant substation, AMSC's STATCOM products provide
a renewable energy integration solution that allows power plants to stay
online and helps prevent the nuisance tripping of solar inverters and wind
turbine generators.Customers utilize AMSC's D-VAR solutions to provide
dynamic voltage control, power factor correction and post-contingency reactive
compensation to stabilize the power grid and prevent undesirable events such
as voltage collapse.

"The D-VAR system cost effectively provides the dynamic reactive VAR
compensation that is essential to connect renewable power plants to the grid
effectively, making it an ideal solution for the emerging South African
renewables market," said Daniel P. McGahn, President and CEO, AMSC. "CONCO has
built a reputation as Africa's leading developer of quality, turnkey high
voltage solutions and we are looking forward to working with them and helping
to deliver a clean energy to South Africa."

D-VAR dynamic reactive compensation systems are classified as Static
Compensators, or "STATCOMs," a member of the FACTS (Flexible AC-Transmission
System) family of power electronic solutions for alternating current (AC)
power grids. AMSC's D-VAR solutions are able to detect and instantaneously
compensate for voltage disturbances by dynamically injecting leading or
lagging reactive power into the power grid. AMSC has received orders for over
100 STATCOM power grid solutions worldwide. The company's D-VAR STATCOM
customers include more than 20 power grid operators worldwide.

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 http://www.amsc.com.

AMSC, Windtec, Gridtec, D-VAR, and Smarter, Cleaner ... Better Energy 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 expectation that
the system will be commissioned in the first half of 2014, 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: We have
experienced recurring operating losses and recurring negative cash flows from
operations which raise substantial doubt about our ability to continue as a
going concern. This substantial doubt has resulted in a qualified opinion from
our auditors with an explanatory paragraph regarding our ability to continue
as a going concern. We believe this opinion may have an adverse effect on our
customer and supplier relationships; 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;
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 U. S. government are subject to audit,
modification or termination by the U.S. 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
experienced recurring losses from operations and negative operating cash flow;
these factors raise substantial doubt regarding our ability to continue as a
going concern; 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 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; 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 warrants and 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 significant additional expenses.
These and the important factors discussed under the caption "Risk Factors" in
Part 1. Item 1A of our Form 10-K for the fiscal year ended March 31, 2013, 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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