Superconductor Technologies Inc. Receives Proceeds of $3.7 Million From Exercise of Warrants

Superconductor Technologies Inc. Receives Proceeds of $3.7 Million From
Exercise of Warrants

AUSTIN, Texas, March 27, 2014 (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 that more than 1.4 million warrants to purchase shares, which were
issued as part of an underwritten public offering that closed in August 2013,
have been exercised from January 1 through March 21, 2014. These exercised
warrants generated net proceeds of approximately $3.7 million and represent
14% of the 10 million total warrants issued under the August 2013 offering.

Proceeds from the exercise of these warrants serve to increase the company's
cash reserves, which were $7.5 million as of December 31, 2013 as reported in
the March 27^th press release announcing fourth quarter and year-end 2013

This press release does not constitute an offer to sell or the solicitation of
an offer to buy any of the securities.

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

Contact: Investor Relations Contact
Cathy Mattison or Kirsten Chapman

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