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China's Supreme People's Court Decides in Favor of AMSC on Jurisdictional Matters

China's Supreme People's Court Decides in Favor of AMSC on Jurisdictional
Matters

DEVENS, Mass., Feb. 19, 2014 (GLOBE NEWSWIRE) -- AMSC (Nasdaq:AMSC), a global
solutions provider serving wind and power grid industry leaders, today
announced that China's Supreme People's Court has decided in favor of AMSC on
the jurisdiction of AMSC's two software copyright infringement cases against
Sinovel Wind Group, Ltd. (Sinovel) and Guotong Electric (Guotong). The Supreme
People's Court ruled that the cases will be heard as copyright infringement
cases separate from the commercial arbitration claims. The cases will be heard
independently in their respective court systems.

These are two of the four legal cases that AMSC brought against Sinovel in
late 2011 regarding Sinovel's contractual breaches and AMSC's discovery of
intellectual property theft by Sinovel. AMSC is also engaged in a commercial
arbitration case and a trade secrets case against Sinovel in China.

Background on Beijing Civil Case

In September 2011, AMSC filed a civil action with the Beijing No. 1
Intermediate People's Court that alleges Sinovel's unauthorized copying and
use of portions of AMSC's wind turbine control software developed for
Sinovel's 1.5 MW wind turbines and the binary code, or upper layer, of AMSC's
software for its PM3000 power converters. In this case, AMSC is seeking a
cease and desist order and damages totaling US$6 million. In November 2011,
Sinovel filed a motion to remove this case from the Beijing No. 1 Intermediate
People's Court and transfer the matter to the Beijing Arbitration Commission.
The court denied Sinovel's motion to remove the case. Sinovel filed an appeal
of that decision to the Beijing Higher People's Court, and the Beijing Higher
People's Court supported the Beijing No. 1 Intermediate People's Court's
ruling and rejected Sinovel's appeal. Sinovel then filed an appeal of that
decision with China's Supreme People's Court. The Supreme People's Court has
ruled to uphold the Beijing Higher People's Court ruling that the dispute
shall be heard by the court. AMSC will now await a hearing date from the
Beijing No. 1 Intermediate People's Court.

Background on Hainan Civil Case

In September 2011, AMSC also filed a copyright case against Sinovel and
Guotong Electric with the Hainan No. 1 Intermediate People's Court. In this
case, AMSC is seeking a cease and desist order as well as damages totaling
approximately US$200,000, making this the smallest of AMSC's legal actions
against Sinovel. In this case, Sinovel filed a jurisdiction opposition motion
in December 2011 requesting that the Hainan No. 1 Intermediate People's Court
dismiss AMSC's case against Sinovel, saying the case should be governed by the
Beijing Arbitration Commission pursuant to the terms of component contracts
between AMSC and Sinovel. Not only did the court grant Sinovel's motion, but
also it dismissed the cases against both Sinovel and Guotong. AMSC appealed
the dismissal to the Hainan Higher People's Court, which on April 5, 2012
upheld the decision of the Hainan No. 1 Intermediate People's Court. AMSC then
filed an appeal of that decision with China's Supreme People's Court. The
Supreme People's Court overturned the previous two rulings made by the Hainan
No. 1 Intermediate People's Court and Hainan Higher People's Court and has
ruled that the case will be heard by the court. AMSC will now await a hearing
date from Hainan No. 1 Intermediate People's Court.

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 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,
prospects, and our beliefs regarding the potential impact of the Supreme
People's Court ruling on AMSC's other pending cases against Sinovel andother
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;new regulations related to conflict-free minerals may force us to incur
significant additional expenses;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 India, and global conditions could negatively affect our
operating results or limit our ability to expand our operations outside of
these countries; changes in China's or India'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. 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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