AMSC Announces D-VAR(R) System Installations in Africa and the United States

AMSC Announces D-VAR(R) System Installations in Africa and the United States

Company Also Announces Four D-VAR Wins in Australia, North America, and South

DEVENS, Mass., May 1, 2014 (GLOBE NEWSWIRE) -- AMSC (Nasdaq:AMSC), a global
solutions provider serving wind and power grid industry leaders, today
announced that it has successfully installed and commissioned three D-VAR®
STATCOM systems in Africa and the United States. The new installations are
connecting renewable power plants to the grid and ensuring power quality at
industrial sites. Additionally, AMSC announced that it has won four new D-VAR
contracts in Australia, North America, and South Africa. For all of these new
contracts, the D-VAR system will be used to meet grid interconnection
standards and safely and efficiently connect wind and solar energy generation
plants to the power grid.

Renewable Installations

Located at the wind or solar plant substation, AMSC's D-VAR STATCOM provides 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 new installations include:

  *Kahuku Wind project in Oahu, Hawaii: First Wind, an independent U.S.-based
    wind energy company, is using the solution to connect the 30 megawatt (MW)
    Kahuku Wind project to the Hawaiian Electric Company's (HECO) grid.
  *Cookhouse Wind Farm near Port Elizabeth, South Africa: Consolidated Power
    Projects (CONCO), South Africa's largest high voltage construction
    company, has installed the D-VAR system as part of its efforts to connect
    the 140 MW project to the Eskom's grid. Eskom is South Africa's primary
    electric utility.

Industrial Installations

Every year, billions of dollars in revenue are lost due to momentary power
quality problems. The slightest variations in voltage can cause hours of
downtime, resulting in lost productivity and the need to recalibrate
equipment. When used to enhance power quality, AMSC's D-VAR system can cost
effectively provide efficiency, protection, and a secure connection, helping
industrial facilities achieve smooth operation and realize their full profit
potential. AMSC also installed a D-VAR system for a power quality application
at the Yellowstone Valley Electric Co-op in Montana, United States. The
Yellowstone Valley Electric Co-op is using a D-VAR system to mitigate the
voltage sags and flicker caused by large power draw from a local car shredding

"To achieve our financial targets, we remain focused on winning new orders in
both existing and emerging markets," said Daniel P. McGahn, President and CEO,
AMSC. "The new orders we announced today, in conjunction with the new
installations, demonstrate our accomplishments in our core markets of
Australia and the United States as well as in Africa, one of our targeted
emerging markets."

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

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 ability to win new orders in existing and emerging markets
to achieve our fiscal targets 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 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

         Kerry Farrell
         Phone: 978-842-3247

Press spacebar to pause and continue. Press esc to stop.