Extra September, 2004

Date of Issue: September 1, 2004

Superconductivity Web21
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What’s New in the World of Superconductivity (July)
Power
Intermagnetics General Corporation (July 15, 2004)
Intermagnetics General Corporation announced its financial results for the fourth quarter offiscal 2004, ending May 30, 2004. Net income increased by more than 33% to US $5.8 million,
compared to $4.4 million for the same period in the previous fiscal year. Net sales for the quarter
increased by 57% to $59.1 million, compared to $37.7 million for the same quarter in the previous
fiscal year. The increase was mainly due to a full quarter of on-target performance from therecently acquired Invivo Corporation. The company’s net income for fiscal 2004 was $15.6 million,compared with $15.9 million for fiscal 2003 and excluding one-time items. The reported net
income for fiscal 2004 was $14.8 million, compared with $14.9 million in fiscal 2003. The firstquarter of fiscal 2004 was affected by a planned reduction in magnet system deliveries toaccommodate a strategic enhancement to the company's exclusive supply agreement with its
major OEM customer. Commented Glenn H. Epstein, chairman and chief executive officer ofIntermagnetics General Corporation, “Results in the fourth quarter were the strongest of the year,
as originally projected, including a continued ramp-up in MRI magnet systems & components
sales and robust growth from our Instrumentation segment. Both of these businesses are well
positioned for additional growth during fiscal 2005.” The Energy Technology sector reported $1.9
million in fourth-quarter revenue, up from $482,000 for the same period in the previous fiscal year,
and $6.5 million for the year overall, well over triple the amount of $1.8 million for the previousfiscal year.
In a second press release issued on the same day, the company announced that its boardof directors has declared a three-for-two split of its common stock. The split, to be completed in
the form of a 50% stock dividend, will be payable as of August 17, 2004, to shareholders onrecord as of July 23, 2004. Epstein commented, "We believe that increasing the number of sharesavailable will benefit shareholders in the longer term by enhancing the liquidity of the stock andmaking it more attractive to both institutional and individual investors."
Sources:“Intermagnetics Reports Q4 Sales of $59.1 Million; EPS Climbs 31% to Record $0.34”
Intermagnetics General Corporation press release (July 15, 2004)
http://ir.thomsonfn.com/InvestorRelations/PubNewsStory.aspx?partner=10215&storyId=117268“Intermagnetics Declares 3-For-2 Stock Split”
Intermagnetics General Corporation press release (July 15, 2004)
http://ir.thomsonfn.com/InvestorRelations/PubNewsStory.aspx?partner=10215&storyId=117269
American Superconductor Corporation (July 27, 2004)
American Superconductor Corporation (AMSC) announced that it has reached a significant
manufacturing development benchmark for its very high performance, second-generation HTSwire. The company reported end-to-end electric currents in the range of 160 – 185 Amps forstandard one-centimeter wide wires. The new results are for lengths of wire greater than 30
meters long – more than triple the length of previously reported results. David Garman, Acting
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Date of Issue: September 1, 2004

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Under Secretary for Energy, Science and Environment at the U.S. Department of Energy (DOE),
noted that, "These results are a significant milestone on the pathway to creating more secure
power networks and to increasing the electrical efficiency of large-scale electric equipment." Theannouncement, which was made at DOE Peer Review Meeting, was accompanied by word thatthe company expects to initiate a planned, two-staged scale-up in manufacturing, based on theselatest results. David Paratore, AMSC's president and chief operating officer, explained "First we'llfinalize the conversion of our current 2G development facility into a pre-pilot production line by thespring of 2005 to produce and ship more than 10,000 meters of 2G wire during the fiscal year
ending March 2006. Second, we plan to scale-up to full pilot production in order to achieve anannual production capacity of approximately 300,000 meters of high performance 2G HTS wireby the end of calendar 2007.” AMSC presently has orders for more than 550,000 meters of its
present commercial first generation (1G) HTS wire, which it will manufacture and ship in its
current fiscal year ending March 2005. The company expects to scale-up to the production of
1,000-meter lengths of 2G HTS wire by the end of calendar 2007, which should signal thebeginning of the market transition from first- to second-generation HTS wire.
The new wire performance results are documented in a white paper available at
http://www.amsuper.com/products/htsWire/documents/2GWhitePaper-July04_000.pdf.
Source:“American Superconductor Achieves Key Manufacturing Development Benchmarks for its High
Performance Second Generation Wire”
American Superconductor Corporation press release (July 27, 2004)
http://phx.corporate-ir.net/phoenix.zhtml?c=86422&p=irol-newsArticle_Print&ID=596743&highlight

MRI and Other Medical Applications
Intermagnetics General Corporation (July 12, 2004)
Intermagnetics General Corporation announced that it has received regulatory clearance
from the US Department of Justice to complete the acquisition of privately held MRI Devices
Corporation (MRIDC), a leading manufacturer of RF coils for MRI systems, for a $45 million cash
payment, a three-year $5 million promissory note, and about $50 million in Intermagnetics'
common stock. The company also reaffirmed its earlier projections that the acquisition would
increase fiscal 2005 revenues to nearly $300 million, about an 80% increase compared to theprior year. Commented Glenn H. Epstein, chairman and chief executive officer of Intermagnetics
General Corporation, "With MRIDC now formally becoming a part of Intermagnetics, we see evengreater potential for our overall operations… The MRIDC acquisition, coupled with the Invivo
acquisition earlier this year, continues the expansion of Intermagnetics into additional diagnostic
applications within medical devices, broadening our customer base and expanding our markets."
Source:“Intermagnetics to Complete Acquisition of MRI Devices Corporation”
Intermagnetics General Corporation press release (July 12, 2004)
http://ir.thomsonfn.com/InvestorRelations/PubNewsStory.aspx?partner=10215&storyId=117058

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Date of Issue: September 1, 2004

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CardioMag Imaging, Inc. (July 27, 2004)
CardioMag Imaging, Inc. announced that the US Food and Drug Administration (FDA) has
approved the marketing and sale of CardioMag’s magnetocardiograph (MCG) system. Six
hospitals are already using the device to study the ability of MCG to detect coronary arterydisease. Dr. Peter Smars of the Mayo Clinic predicted, “If the ongoing clinical trial at various
luminary sites confirms our expectations, MCG could become standard diagnostic equipment innearly every hospital in this country.” CardioMag has sold MCG systems to hospitals in Europe
and Asia, but the FDA’s approval will now enable the company to sell its equipment in the largest
medical equipment market in the world.
Source:“CardioMag’s Equipment is the First of its Kind Ever to Receive FDA Approval”
CardioMag Imaging, Inc. press release (July 27, 2004)
http://www.cardiomag.com/about/news.shtml

MagnetTrithor GmbH (July 5, 2004)
Trithor GmbH announced the commencement of a project to design, manufacture, andtest an ultra-high field magnet. The program, which is expected to cost almost 2 million Euro,will be funded in part by the 6th Framework Program of the European Commission. The target
magnet induction, as high as 25 Tesla, will be achieved by combining an LTS outer section withand HTS inner section. Trithor will provide the HTS conductor, and Cryogenic Limited willcontribute its experience as a producer of superconducting high-field magnets to the project,while Techtra will contribute know-how in the manufacture of the high-strength alloys that will beused as structural materials. The German laboratory IFW-Dresden and the UK laboratory IRC
in Superconductivity (University of Cambridge) will provide know-how and counseling during
the design stage and hands-on responsibility during the testing of the magnet. The program
should be completed in 2006.
Source:“Trithor Heading 2 M euros Project on the Development of 25 Tesla Magnet”
Trithor GmbH press release (July 5, 2004)
http://www.trithor.de/pdf/2004-07-05%20Trithor%20HIGINS%20ENG.pdf
Florida State University (July 23, 2004)
The National High Magnetic Field Laboratory (NHMFL), funded by the National Science
Foundation and the State of Florida, has achieved a world record in magnet development with thesuccessful testing of a 21.1 Tesla, superconducting, ultra-wide bore, NMR magnet. The magnet
reached full field on July 21, 2004, and will remain in this condition for as long as decades. Themagnet was developed, designed, manufactured, and tested at NHMFL and is the product of a
13-year research and development effort. It is the only magnet in the world that can produce 21.1
Tesla for NMR and MRI applications in a 105 mm warm bore. The ultra-wide bore is one of theunique aspects of this magnet and will enable a wider range of scientific experiments to beperformed, compared to that possible with a standard 52 mm bore. The magnet itself is a
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concentric assembly of ten niobium-tin (Nb3Sn) or niobium-titanium (NbTi) superconducting coils
connected in series and operated at 1.7 K. Small adjustments to field homogeneity are achieved
via a set of superconducting shim coils, which were developed in cooperation with Intermagnetics
General Corporation. NHMFL Director Greg Boebinger commented, "This very powerful andultra-wide bore magnet was an extremely challenging system to build, and it represents asignificant engineering accomplishment. It is the crown jewel of the laboratory's NMR
spectroscopy and imaging program." The accomplishment positions NHMFL as an international
leader in the development of high field superconducting magnet technology for magnetic
resonance applications.
Source:“New world record magnet for chemical and biomedical research”
Florida State University (July 23, 2004)
http://www.fsu.edu/%7Eunicomm/pages/releases/2004_07/release_chrono_0407.html

Communication
ISCO International, Inc. (July 27, 2004)
ISCO International, Inc. has reported the expansion of their RF ™ platform to include a new
product life cycle extension. The extension will directly assist operators to maximize the use ofexisting infrastructures and allow the migration to newer technology at a pace that suits theoperator. The expansion into dedicated life cycle extension is expected to broaden the company’smarket coverage, and new orders for the solution are expected during the current (third) fiscalquarter.
In a simultaneous announcement, the company reported that its lenders have agreed to let
ISCO International draw the remaining US $1 million on its existing credit line and to increase thesize of that credit line by $ 500,000, drawing the additional amount immediately. The resources
will be used to expand the marketplace for the company’s products.
Source:“ISCO International Announces Extension of RF² Solution Platform and Financing”
ISCO International, Inc. press release (July 27, 2004)
http://www.iscointl.com/
ISCO International, Inc. (July 29, 2004)
ISCO International, Inc. announced its financial results for the second quarter of fiscal 2004,ending June 30, 2004. Consolidated net revenues amounted to US $843,000, compared to$336,000 for the same quarter in the previous fiscal year. The consolidated net loss was$1,287,000, compared to $2,113,000 for the same period in the previous fiscal year. This
improvement was mainly due to a reduction in legal expenses and to operational efficiencies
realized during the past several quarters. Commented Dr. Amr Abdelmonem, CEO of ISCO,“While the second quarter was better than the first, and better than the prior year comparable,
conversion of quotes to orders remains one of our critical objectives. By aggressively expanding
the depth and breadth of our portfolio of solutions we are positioning ISCO as a valuable ally towireless operators. The market has responded as more customers have joined with us and we
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Date of Issue: September 1, 2004

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look to grow those relationships.
Source:“ISCO INTERNATIONAL REPORTS QUARTERLY RESULTS”
ISCO International, Inc. press release (July 29, 2004)
http://www.iscointl.com/(Akihiko Tsutai, Director, International Affairs Department, ISTEC)

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