AMSC Receives $40 Million Follow-On Order From Inox Wind

AMSC Receives $40 Million Follow-On Order From Inox Wind

DEVENS, Mass., June 5, 2014 (GLOBE NEWSWIRE) -- AMSC (Nasdaq:AMSC), a global
solutions provider serving wind and power grid industry leaders, today
announced that it has received a $40 million order for wind turbine electrical
control systems (ECS) from Inox Wind Limited, part of India's Inox Group of
Companies. AMSC expects to begin shipments under this new order during the
second quarter of fiscal 2014 and expects to complete shipments during
calendar year 2015. This is the sixth and largest order that AMSC has received
from Inox since the company began volume production of its 2 megawatt (MW)
wind turbines, which were licensed from AMSC in May 2009.

AMSC's ECS are an integrated, high-performance suite of power electronics
systems that include the wind turbine power converter cabinet, internal power
supply and various controls. Together, these systems serve as the "brains" of
the wind turbine and enable reliable, high-performance operation by
controlling power flows, regulating voltage, monitoring system performance,
controlling the pitch of the wind turbine blades and the yaw of the turbines
to maximize efficiency.

"India's wind market is growing and Inox Wind has become a prominent player in
India," said Daniel P. McGahn, President and CEO, AMSC. "Similar to other Inox
Group companies, Inox Wind aims to be the leader in its area of operations.
This order represents the growth of Inox and its ambitions in India as well as
its continued partnership with AMSC."

Industry experts expect new annual capacity to grow from 1.7 gigawatts (GW) in
2013 to more than 4 GW in 2020.

To learn more about AMSC's product offerings for the wind industry, please

About Inox Wind Limited

Inox Wind Limited is part of the Inox Group of Companies. Inox Group is a $2
billion+, professionally managed business group, with interests in diverse
businesses including Industrial Gases, Refrigerants, Engineering Plastics,
Chemicals, Carbon Credits, Cryogenic Engineering, Renewable Energy and
Entertainment. The INOX Group employs close to 9,000 people at more than 150
business units across the country and has a distribution network that is
spread across more than 50 countries around the globe. Each INOX Group company
is characterized by three distinct characteristics - early identification of a
winning business idea, building it to a size of dominant market leadership in
that segment, and attaining a profit leadership position through cutting-edge
efficiency in operations. The Inox Group of Companies, besides Inox Wind
Limited, includes Inox Air Products Limited, Gujarat Fluorochemicals Limited,
Inox India Limited, Inox Renewables Limited, Inox Leisure Limited and Fame
India limited. More information is available at


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, Gridtec, 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

Forward-Looking Statements

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 expectations regarding new annual
wind capacity in India and our expectations as to when shipments will begin
under the new order and our expectations as to when shipments will be
completed under this new order 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 a
history of operating losses, which may continue in the future. Our operating
results may fluctuate significantly from quarter to quarter and may fall below
expectations in any particular fiscal quarter; We have a history of negative
operating cash flows, and we may require additional financing in the future,
which may not be available to us; Our Term Loans include certain covenants and
other events of default. Should we not comply with these covenants or incur an
event of default, we may be required to repay our obligation in cash, which
could have an adverse effect on our liquidity; 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; 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; Our success in addressing the wind energy market is
dependent on the manufacturers that license our designs; Our success is
dependent upon attracting and retaining qualified personnel and our inability
to do so could significantly damage our business and prospects; We may not
realize all of the sales expected from our backlog of orders and contracts;
Our financial condition may have an adverse effect on our customer and
supplier relationships; Failure to successfully execute the consolidation of
our Grid manufacturing operations or achieve expected savings could adversely
impact our financial performance; Our business and operations would be
adversely impacted in the event of a failure or security breach of our
information technology infrastructure; We may not be able to launch operations
at our newly leased manufacturing facility in Romania, and, if we are able to
do so, we may have manufacturing quality issues, which would negatively affect
our revenues and financial position; 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; 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 may acquire additional complementary businesses or
technologies, which may require us to incur substantial costs for which we may
never realize the anticipated benefits; Our success depends upon the
commercial use of high temperature superconductor (HTS) products, which is
currently limited, and a widespread commercial market for our products may not
develop; Growth of the wind energy market depends largely on the availability
and size of government subsidies and economic incentives; We have operations
in and depend on sales in emerging markets, including 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; 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 in various legal proceedings, 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, 2014, 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.

         Kerry Farrell
         Phone: 978-842-3247
         Email: kerry.farrell @

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