Superconductor Technologies Reports Ownership of 700,000 Shares of Common Stock in Resonant Inc. on May 28, 2014

Superconductor Technologies Reports Ownership of 700,000 Shares of Common
Stock in Resonant Inc. on May 28, 2014

- Resonant Closes IPO on May 29, 2014 -

AUSTIN, Texas, May 30, 2014 (GLOBE NEWSWIRE) -- Superconductor Technologies
Inc. (Nasdaq:SCON) ("STI"), a world leader in the development and production
of high temperature superconducting (HTS) materials and associated
technologies, filed a SEC Form 3 on May 28, 2014 reporting its minority
stakeholder position in Resonant Inc. (Nasdaq:RESN). Resonant closed its
initial public offering (IPO) of 2,700,000 shares of Class A common stock on
May 29, 2014.

"We wish to congratulate the Resonant team on its strong IPO," stated Jeff
Quiram, STI's president and chief executive officer. "Resonant's
Reconfigurable Resonance™ (RcR) technology, also referred to as Infinite
Synthesized Networks™ or ISN™, was developed at STI for advanced wireless
applications. In July 2012, STI spun-out Resonant to commercialize the RcR
technology for the rapidly growing mobile device industry. STI contributed
several key patents in exchange for an ownership stake in Resonant. We are
extremely pleased with the value the Resonant IPO creates for our
shareholders."

"STI's strives to continuously expand our extensive intellectual property
position. In addition to our HTS wire program, we will continue to pursue
opportunities to unlock the value of our 100 plus patent portfolio," Quiram
concluded.

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
http://www.suptech.com.

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, 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, 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, 2013 and in STI's other public
filings. These documents are available online at STI's website,
www.suptech.com, or through the SEC's website, www.sec.gov. 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
LHA
+1-415-433-3777
invest@suptech.com

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