AMSC Named Employer Of The Year By The New England Clean Energy Council

Devens, MA - American Superconductor Corporation, a global energy technologies company, is pleased to announce that it has been named "Employer of the Year" by the New England Clean Energy Council (NECEC). This award is given each year to a company that has grown its workforce by a substantial margin, while also providing high quality, high-paying jobs to the community. AMSC accepted the award at NECEC's second annual "Green Tie Gala," held on November 11, 2009 at the John F. Kennedy Presidential Library and Museum in Boston.

Based in Devens, Massachusetts, AMSC also has operations in Wisconsin, Pennsylvania, Austria, China, India and Korea. Over the past two years, the company has more than doubled its global workforce of highly skilled engineering, manufacturing and support personnel to more than 600 as of September 30, 2009. AMSC expects to end its fiscal year on March 31, 2010 with more than 700 employees worldwide.

Over the past two fiscal years, AMSC's revenues more than tripled to $183 million for fiscal year 2008. The company's financial guidance (provided October 29, 2009) calls for revenues to increase by more than 60 percent to a range of $300 million to $310 million for full year fiscal 2009.

"AMSC is capitalizing on waves of growth that are taking place in the renewable energy and power grid markets," said AMSC founder and Chief Executive Officer Greg Yurek. "In order to keep up with near-term demand and develop technologies and solutions for the future, we have grown our workforce substantially both here in the United States and abroad. We are pleased to be recognized as ‘Employer of the Year' by The New England Clean Energy Council, which is playing an important role in furthering energy policy and promoting clean energy solutions that are necessary to power the 21st Century economy."

SOURCE: American Superconductor