##### Table of Contents



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 WASHINGTON, D.C. 20549
 
 FORM 10-Q
 (Mark One)
 þ
    
    QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
 For the quarterly period ended March 28, 2009
 o
    
    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
 For the transition period from to
 Commission File Number 0-21074
 SUPERCONDUCTOR TECHNOLOGIES INC.
  Delaware
    
    77-0158076(State or other jurisdiction of
    
    (IRS Employerincorporation or organization)
    
    Identification No.)
 460 Ward Drive,
Santa Barbara, California 93111-2356
 (805) 690-4500
 
  þ o
  o o
  Large accelerated filer o
    
    Accelerated filer o
    
    Non-accelerated filer   o
(Do not check if a smaller reporting company)
    
    Smaller Reporting Company þ
 o þ




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##### 



SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS
    
    
    1PART I -FINANCIAL INFORMATIONITEM 1. Financial StatementsCondensed Consolidated Statement of Operations
    
    
    2Condensed Consolidated Balance Sheets
    
    
    3Condensed Consolidated Statement of Cash Flows
    
    
    4Notes to Unaudited Interim Condensed Consolidated Financial Statements
    
    
    5ITEM 2. Managements Discussion and Analysis of
Financial Condition and Results of Operations
    
    
    15ITEM 3. Quantitative and Qualitative Disclosures About Market Risk
    
    
    21ITEM 4T. Controls and Procedures
    
    
    21PART II  OTHER INFORMATIONITEM 1. Legal Proceedings
    
    
    22ITEM 1A. Risk Factors
    
    
    22ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds
    
    
    22ITEM 3. Defaults Upon Senior Securities
    
    
    22ITEM 4. Submission of Matters to a Vote of Security Holders
    
    
    22ITEM 5. Other Information
    
    
    22ITEM 6. Exhibits
    
    
    22SIGNATURE
    
    
    23EX-31.1EX-31.2EX-32.1EX-32.2
  i




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##### Table of Contents



SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS
 This Report contains forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. We claim the protection of the safe harbor contained in the Private Securities Litigation
Reform Act of 1995 for these forward looking statements. Our forward-looking statements relate to
future events or our future performance and include, but are not limited to, statements concerning
our business strategy, future commercial revenues, market growth, capital requirements, new product
introductions, expansion plans and the adequacy of our funding. Other statements contained in this
Report that are not historical facts are also forward-looking statements. We have tried, wherever
possible, to identify forward-looking statements by terminology such as may, will, could,
should, expects, anticipates, intends, plans, believes, seeks, estimates and other
comparable terminology.
 We caution investors that any forward-looking statements presented in this Report, or that we
may make orally or in writing from time to time, are based on the beliefs of, assumptions made by,
and information currently available to, us. Such statements are based on assumptions and the
actual outcome will be affected by known and unknown risks, trends, uncertainties and factors that
are beyond our control or ability to predict. Although we believe that our assumptions are
reasonable, they are not guarantees of future performance and some will inevitably prove to be
incorrect. As a result, our actual future results can be expected to differ from our expectations,
and those differences may be material. Accordingly, investors should use caution in relying on past
forward-looking statements, which are based on known results and trends at the time they are made,
to anticipate future results or trends.
 Some of the risks and uncertainties that may cause our actual results, performance or
achievements to differ materially from those expressed or implied by forward-looking statements
include the following:
 
    
    limited cash and a history of losses;
    
    limited number of potential customers;
    
    limited number of suppliers for some of our components;
    
    no significant backlog from quarter to quarter;
    
    our market is characterized by rapidly advancing technology;
    
    fluctuations in product demand from quarter to quarter can be significant;
    
    the impact of competitive filter products, technologies and pricing;
    
    manufacturing capacity constraints and difficulties; and
    
    general economic conditions.
 For further discussion of these and other factors see, Managements Discussion and Analysis
of Financial Condition and Results of Operations and Risk Factors in our Annual Report on Form
10-K for the year ended December 31, 2008.
 This Report and all subsequent written and oral forward-looking statements attributable to us
or any person acting on our behalf are expressly qualified in their entirety by the cautionary
statements contained or referred to in this section. We do not undertake any obligation to release
publicly any revisions to our forward-looking statements to reflect events or circumstances after
the date of this Report.
 1




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##### Table of Contents



PART I  FINANCIAL INFORMATION
 
 Item 1. Financial Statements.
 SUPERCONDUCTOR TECHNOLOGIES INC.
 
 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
 Three Months EndedMarch 28, 2009
    
    
    March 29, 2008Net revenues:Commercial product revenues
    
    $
    1,131,000
    
    
    $
    1,993,000Government and other contract revenues
    
    
    546,000
    
    
    
    1,479,000Total net revenues
    
    
    1,677,000
    
    
    
    3,472,000Costs and expenses:Cost of commercial product revenues
    
    
    1,797,000
    
    
    
    2,019,000Contract research and development
    
    
    569,000
    
    
    
    1,243,000Other research and development
    
    
    1,084,000
    
    
    
    408,000Selling, general and administrative
    
    
    1,723,000
    
    
    
    2,200,000Total costs and expenses
    
    
    5,173,000
    
    
    
    5,870,000Loss from operations
    
    
    (3,496,000
    )
    
    
    (2,398,000
    )Noncontrolling interest in joint venture
    
    
    (50,000
    )
    
    
    Interest income
    
    
    13,000
    
    
    
    99,000Interest expense
    
    
    (9,000
    )
    
    
    (9,000
    )Net loss
    
    $
    (3,542,000
    )
    
    $
    (2,308,000
    )Basic and diluted loss per common share
    
    $
    (0.20
    )
    
    $
    (0.17
    )Weighted average number of common
shares outstanding
    
    
    17,869,030
    
    
    
    13,636,083
  2




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SUPERCONDUCTOR TECHNOLOGIES INC.
 
 CONDENSED CONSOLIDATED BALANCE SHEETS
 March 28,
    
    
    December 31,2009
    
    
    2008(Unaudited)
    
    
    (See Note)ASSETSCurrent Assets:Cash and cash equivalents
    
    $
    5,077,000
    
    
    $
    7,569,000Accounts receivable, net
    
    
    543,000
    
    
    
    355,000Inventory, net
    
    
    5,020,000
    
    
    
    5,278,000Prepaid expenses and other current assets
    
    
    350,000
    
    
    
    416,000Total Current Assets
    
    
    10,990,000
    
    
    
    13,618,000Property and equipment, net of accumulated depreciation of
$20,264,000 and $19,943,000, respectively
    
    
    2,443,000
    
    
    
    2,739,000Patents, licenses and purchased technology, net of accumulated amortization
of $2,139,000 and $2,055,000, respectively
    
    
    2,195,000
    
    
    
    2,252,000Investment in joint venture
    
    
    457,000
    
    
    
    521,000Other assets
    
    
    223,000
    
    
    
    228,000Total Assets
    
    $
    16,308,000
    
    
    $
    19,358,000LIABILITIES AND STOCKHOLDERS EQUITYCurrent Liabilities:Accounts payable
    
    $
    784,000
    
    
    $
    707,000Accrued expenses
    
    
    732,000
    
    
    
    578,000Current portion of capitalized lease obligations and long term debt
    
    
    67,000
    
    
    
    80,000Total Current Liabilities
    
    
    1,583,000
    
    
    
    1,365,000Other long term liabilities
    
    
    455,000
    
    
    
    441,000Total Liabilities
    
    
    2,038,000
    
    
    
    1,806,000Commitments and contingenciesNotes 6 and 7Stockholders Equity:Preferred stock, $.001 par value, 2,000,000 shares authorized,
611,523 shares issued and outstanding
    
    
    1,000
    
    
    
    1,000Common stock, $.001 par value, 250,000,000 shares authorized,
18,705,028 and 17,869,030 shares issued and outstanding, respectively
    
    
    19,000
    
    
    
    18,000Capital in excess of par value
    
    
    230,478,000
    
    
    
    230,219,000Accumulated deficit
    
    
    (216,228,000
    )
    
    
    (212,686,000
    )Total Stockholders Equity
    
    
    14,270,000
    
    
    
    17,552,000Total Liabilities and Equity
    
    $
    16,308,000
    
    
    $
    19,358,000
 
 3




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SUPERCONDUCTOR TECHNOLOGIES INC.
 
 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
 Three Months EndedMarch 28, 2009
    
    
    March 29, 2008CASH FLOWS FROM OPERATING ACTIVITIES:Net loss
    
    $
    (3,542,000
    )
    
    $
    (2,308,000
    )Adjustments to reconcile net loss to net cash used in
operating activities:Depreciation and amortization
    
    
    404,000
    
    
    
    396,000Stock-based compensation expense
    
    
    260,000
    
    
    
    118,000Provision for excess and obsolete inventories
    
    
    12,000
    
    
    
    Noncontrolling interest in joint venture
    
    
    50,000
    
    
    
    Changes in assets and liabilities:Accounts receivable
    
    
    (187,000
    )
    
    
    525,000Inventory
    
    
    246,000
    
    
    
    (1,965,000
    )Prepaid expenses and other current assets
    
    
    65,000
    
    
    
    28,000Patents, licenses and purchased technology
    
    
    (26,000
    )
    
    
    (76,000
    )Other assets
    
    
    6,000
    
    
    
    (6,000
    )Accounts payable, accrued expenses and other long-term liabilities
    
    
    232,000
    
    
    
    208,000Net cash used in operating activities
    
    
    (2,480,000
    )
    
    
    (3,080,000
    )CASH FLOWS FROM INVESTING ACTIVITIES:Purchases of property and equipment
    
    
    (25,000
    )
    
    
    (62,000
    )Investment in joint venture
    
    
    14,000
    
    
    
    Net cash used in investing activities
    
    
    (11,000
    )
    
    
    (62,000
    )CASH FLOWS FROM FINANCING ACTIVITIES:Proceeds from preferred and common stock
    
    
    
    
    
    
    10,911,000Net cash provided by financing activities
    
    
    
    
    
    
    10,911,000Net increase (decrease) in cash and cash equivalents
    
    
    (2,491,000
    )
    
    
    7,769,000Cash and cash equivalents at beginning of period
    
    
    7,568,000
    
    
    
    3,939,000Cash and cash equivalents at end of period
    
    $
    5,077,000
    
    
    $
    11,708,000
  4




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SUPERCONDUCTOR TECHNOLOGIES INC.
 
 NOTES TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
 1. General
  ® ®
    2. Summary of Significant Accounting Policies
 Basis of Presentation
    5




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##### Table of Contents



Principles of Consolidation
  Cash and Cash Equivalents
  Accounts Receivable
  Revenue Recognition
 ® ®
   Shipping and Handling Fees and Costs
  Warranties
  6




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##### Table of Contents



Guarantees
  Research and Development Costs
  Inventories
  Property and Equipment
  Patents, Licenses and Purchased Technology
  Long-Lived Assets
   7




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Other Investments
 ® ®
 Loss Contingencies
  Income Taxes
 Accounting for Income Taxes
 Accounting for Uncertainty in Income Taxes  An Interpretation of FASB Statement No. 109
 Marketing Costs
  Net Loss Per Share
  Stock-based Compensation
  8




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##### Table of Contents



Three months endedMarch 28, 2009
    
    
    March 29, 2008Cost of Revenue
    
    $
    7,000
    
    
    $
    5,000Research and development
    
    
    65,000
    
    
    
    22,000Selling, general and administrative
    
    
    188,000
    
    
    
    91,000Total stock-based compensation expense
    
    $
    260,000
    
    
    $
    118,000
 Use of Estimates
  Fair Value of Financial Instruments
  Comprehensive Income (Loss)
  Segment Information
 ® ®
 Certain Risks and Uncertainties
   9




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##### Table of Contents



Recent Accounting Pronouncements
 Accounting for Assets Acquired and Liabilities
Assumed in a Business Combination That Arise from Contingencies,
 Determining Fair
Value When the Volume and Level of Activity for the Asset or Liability have Significantly Decreased
and Identifying Transactions That Are Not Orderly Recognition and Presentation of Other-Than-Temporary Impairments, or FSP 115-2 and FSP 124-2, Interim Disclosures about Fair Value of Financial Instruments normal intent and ability
 3. Short Term Borrowings
   10




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4. Stockholders Equity
  Convertible
    
    
    
    
    
    
    
    
    
    Capital inPreferred Stock
    
    Common Stock
    
    Excess of
    
    AccumulatedShares
    
    Amount
    
    Shares
    
    Amount
    
    Par Value
    
    Deficit
    
    TotalBalance at December 31, 2008
    
    
    611,523
    
    
    $
    1,000
    
    
    
    17,869,030
    
    
    $
    18,000
    
    
    $
    230,219,000
    
    
    $
    (212,686,000
    )
    
    $
    17,552,000Issuance of common stockIssuance of preferred stockIssuance of awards and
stock based compensation
    
    
    
    
    
    
    
    
    
    
    835,998
    
    
    
    1,000
    
    
    
    259,000
    
    
    
    
    
    
    
    260,000Net loss
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (3,542,000
    )
    
    
    (3,542,000
    )Balance at March 28, 2009
    
    
    611,523
    
    
    $
    1,000
    
    
    
    18,705,028
    
    
    $
    19,000
    
    
    $
    230,478,000
    
    
    $
    (216,228,000
    )
    
    $
    14,270,000
 Equity Awards
    Weighted
    
    
    
    
    
    WeightedAverage
    
    Number of
    
    AverageNumber of
    
    
    
    
    
    Exercise
    
    Options
    
    ExerciseShares
    
    Price Per Share
    
    Price
    
    Exercisable
    
    PriceBalance at December 31, 2008
    
    
    1,234,025
    
    
    $
    1.43 - $493.75
    
    
    $
    22.18
    
    
    
    674,061
    
    
    $
    36.67Granted
    
    
    
    
    
    
    
    
    
    
    Exercised
    
    
    
    
    
    
    
    
    
    
    Canceled
    
    
    (19,020
    )
    
    $
    6.10 - $186.50
    
    
    $
    19.37Balance at March 28, 2009
    
    
    1,215,005
    
    
    $
    1.43 - $493.75
    
    
    $
    22.23
    
    
    
    864,833
    
    
    $
    29.36
     11




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##### Table of Contents



Warrants
  Common SharesTotal and
    
    PriceCurrently
    
    perExercisable
    
    Share
    
    Expiration DateWarrants related to the issuance of common stock342,466
    
    
    
    6.74
    
    
    August 16, 2010*  **Warrants related to April 2004 Bridge Loans
    
    
    10,000
    
    
    
    18.50
    
    
    April 28, 2011*Total
    
    
    352,466
 
 *
    
    The terms of these warrants contain net exercise provisions, under which holders can elect
to receive common stock equal to the difference between the exercise price and the sale
price for common shares on the exercise date or the date immediately preceding the exercise
date instead of paying the exercise price in cash.**
    
    These warrants contain special anti-dilution adjustment provisions relating to the price
of other issuances. 5. Earnings Per Share
   March 28, 2009
    
    March 29, 2008Outstanding stock options
    
    
    1,215,005
    
    
    
    1,234,689Unvested restricted stock awards
    
    
    855,998
    
    
    
    318,000Outstanding warrants
    
    
    352,466
    
    
    
    468,745Total
    
    
    2,423,469
    
    
    
    2,021,434
 6. Commitments and Contingencies
 Operating Leases
   Patents and Licenses
  12




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##### Table of Contents



Year ending December 31,
    
    Licenses
    
    
    Operating LeasesRemainder of 2009
    
    $
    150,000
    
    
    $
    987,0002010
    
    
    150,000
    
    
    
    1,333,0002011
    
    
    150,000
    
    
    
    1,364,0002012
    
    
    150,000
    
    
    
    1,396,0002013
    
    
    150,000
    
    
    
    1,429,000Thereafter
    
    
    900,000
    
    
    
    4,413,000Total payments
    
    $
    1,650,000
    
    
    $
    10,922,000
 7. Contractual Guarantees and Indemnities
  Warranties
  Intellectual Property Indemnities
  Director and Officer Indemnities and Contractual Guarantees
   General Contractual Indemnities/Products Liability
  13




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##### Table of Contents



Short Term Borrowings
 See Note 3Short Term Borrowings.
 Contractual Contingency
  8. Details of Certain Financial Statement Components and Supplemental Disclosures of Cash Flow
Information and Non-Cash Activities
 Balance Sheet Data
 March 28,
    
    
    December 31,2009
    
    
    2008Accounts receivable:Accounts receivable-trade
    
    $
    265,000
    
    
    $
    110,000United States government accounts receivable-billed
    
    
    353,000
    
    
    
    320,000Less: allowance for doubtful accounts
    
    
    (75,000
    )
    
    
    (75,000
    )$
    543,000
    
    
    $
    355,000
 March 28,
    
    
    December 31,2009
    
    
    2008Inventories:Raw materials
    
    $
    2,710,000
    
    
    $
    2,753,000Work-in-process
    
    
    1,050,000
    
    
    
    1,038,000Finished goods
    
    
    2,129,000
    
    
    
    2,348,000Less inventory reserve
    
    
    (869,000
    )
    
    
    (861,000
    )$
    5,020,000
    
    
    $
    5,278,000
 March 28,
    
    
    December 31,2009
    
    
    2008Property and Equipment:Equipment
    
    $
    15,562,000
    
    
    $
    15,537,000Leasehold improvements
    
    
    6,741,000
    
    
    
    6,741,000Furniture and fixtures
    
    
    404,000
    
    
    
    404,00022,707,000
    
    
    
    22,682,000Less: accumulated depreciation and amortization
    
    
    (20,264,000
    )
    
    
    (19,943,000
    )$
    2,443,000
    
    
    $
    2,739,000
  14




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##### Table of Contents



March 28,
    
    
    December 31,2009
    
    
    2008Patents and Licenses:Patents pending
    
    $
    994,000
    
    
    $
    940,000Patents issued
    
    
    1,070,000
    
    
    
    1,059,000Less accumulated amortization
    
    
    (425,000
    )
    
    
    (409,000
    )Net patents issued
    
    
    645,000
    
    
    
    650,000Licenses Pending
    
    
    
    
    
    
    39,000Licenses Issued
    
    
    563,000
    
    
    
    563,000Less accumulated amortization
    
    
    (175,000
    )
    
    
    (167,000
    )Net licenses
    
    
    388,000
    
    
    
    396,000Purchased technology
    
    
    1,706,000
    
    
    
    1,706,000Less accumulated amortization
    
    
    (1,538,000
    )
    
    
    (1,479,000
    )Net purchased technology
    
    
    168,000
    
    
    
    227,000$
    2,195,000
    
    
    $
    2,252,000
  March 28,
    
    
    December 31,2009
    
    
    2008Accrued Expenses and Other Long Term
Liabilities:Salaries payable
    
    $
    147,000
    
    
    $
    12,000Compensated absences
    
    
    358,000
    
    
    
    375,000Compensation related
    
    
    53,000
    
    
    
    12,000Warranty reserve
    
    
    255,000
    
    
    
    261,000Deferred rent
    
    
    331,000
    
    
    
    325,000Other
    
    
    109,000
    
    
    
    114,0001,253,000
    
    
    
    1,099,000Less current portion
    
    
    (798,000
    )
    
    
    (658,000
    )Long term portion
    
    $
    455,000
    
    
    $
    441,000
 For the three months ended,March 28, 2009
    
    
    March 29, 2008Warranty Reserve Activity:Beginning balance
    
    $
    261,000
    
    
    $
    380,000Additions
    
    
    7,000
    
    
    
    12,000Deductions
    
    
    (13,000
    )
    
    
    (85,000
    )Ending balance
    
    $
    255,000
    
    
    $
    307,000
 
 Item 2. Managements Discussion and Analysis of Financial Condition and Results of Operations.
 General
  15




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##### Table of Contents



Our Proprietary Technology
  
    
    7 patents for technologies directed toward producing thin-film materials and
structures, which expire between 2010 and 2025. We have developed a proprietary
state-of-the-art manufacturing process for producing HTS thin-films of the highest
quality.
    
    30 patents for cryogenic and non-microwave circuit designs, which expire between
2010 and 2026. The expertise of our highly qualified team has allowed us to design
and fabricate extremely small, high-performance circuits including RF signal filters.
    
    17 patents covering cryogenics, packaging and systems, which expire between 2013
and 2025. Our proprietary and patented cryogenic packaging innovation provides us
with a significant competitive advantage in maintaining our HTS materials at their
critical temperatures.
    
    4 patents covering other superconducting technologies, which expire between 2013
and 2015.
   
    
    Wireless Networks. Our current commercial products help maximize the performance of
wireless telecommunications networks by improving the quality of uplink signals from
mobile wireless devices. Our products increase capacity utilization, lower dropped
and blocked calls, extend coverage, and enable higher wireless data throughput  all
while reducing capital and operating costs.
    
    Reconfigurable Handset Filters. The trend in the wireless handset industry is to
continually reduce size and cost, while adding more features and making the unit more
adaptable to different air interfaces and frequencies throughout the world. This
drives the need for more complex and reconfigurable transceivers. We believe our
strong intellectual property and expertise in frequency agile and thin film filters
position us well to meet this demand.
    
    Superconducting Power Transmission Lines. We have entered into a collaborative
effort and signed a Material Transfer Agreement with the Department of Energys Los
Alamos National Laboratory (LANL) to apply our HTS expertise to LANLs research
initiative to develop HTS coated conductors for power transmission lines. If
successfully developed, HTS superconducting cables could replace copper power
transmission lines, resulting in higher capacity with less resistive cable losses.
    
    Government Products. As the worldwide leader in developing tunable HTS filter
systems for military applications, we continue to be a crucial partner in the U.S.
governments future success. Our high-performance HTS filter systems have been proven
to increase the detection range, reduce interference, and in some cases, detect
signals that were previously undetectable with conventional technology. Currently, we
actively participate in the development of technologies for application in military
communications, signals intelligence, and electronic warfare.
 Risk Factors
 16




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##### Table of Contents



Our Business Model
  Government Contracts
  Commercial Applications
 e
 
    
    SuperLink®, a highly compact and reliable receiver front-end HTS wireless
filter system to eliminate out-of-band interference for wireless base stations,
combining filters with a proprietary cryogenic cooler and a cooled low-noise
amplifier.
    
    AmpLink®, a ground-mounted unit for wireless base stations that includes a
high-performance amplifier and up to six dual duplexers.
    
    SuperPlex, a high-performance multiplexer that provides extremely low
insertion loss and excellent cross-band isolation designed to eliminate the need for
additional base station antennas and reduce infrastructure costs.
 Risk Factors
 Joint Ventures
 ® ® Risk Factors
 Licenses
 17




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##### Table of Contents



Recent Developments
  Backlog
  Results of Operations
 Quarter Ended March 28, 2009 compared to the Quarter Ended March 29, 2008
  ®
     For the quarters endedMarch 28, 2009
    
    
    March 29, 2008(Dollars in thousands)Net commercial product sales
    
    $
    1,131
    
    
    
    100.0
    %
    
    $
    1,993
    
    
    
    100.0
    %Total cost of commercial
product sales
    
    
    1,797
    
    
    
    158.9
    %
    
    
    2,019
    
    
    
    101.3
    %Gross profit
    
    $
    (666
    )
    
    
    (58.9
    %)
    
    $
    (26
    )
    
    
    (1.3
    %)
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##### Table of Contents



Liquidity and Capital Resources
 Cash Flow Analysis
      Financing Activities
   19




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##### Table of Contents



Contractual Obligations and Commercial Commitments
  Capital Expenditures
  Future Liquidity
    Net Operating Loss Carryforward
    Critical Accounting Policies and Estimates
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##### Table of Contents



Recent Accounting Pronouncements
 Accounting for Assets Acquired and Liabilities
Assumed in a Business Combination That Arise from Contingencies,
 Determining Fair
Value When the Volume and Level of Activity for the Asset or Liability have Significantly Decreased
and Identifying Transactions That Are Not Orderly Recognition and Presentation of Other-Than-Temporary Impairments, or FSP 115-2 and FSP 124-2, Interim Disclosures about Fair Value of Financial Instruments normal intent and ability
 
 Item 3. Quantitative and Qualitative Disclosures About Market Risk.
 Managements Discussion and
Analysis of Financial Condition and Results of Operations  Market Risk
 
 Item 4T. Controls and Procedures.
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##### Table of Contents



PART II  OTHER INFORMATION
 
 Item 1. Legal Proceedings.
  
 Item 1A. Risk Factors.
  
 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
  
 Item 3. Defaults Upon Senior Securities.
  
 Item 4. Submission of Matters to a Vote of Security Holders.
  
 Item 5. Other Information.
  
 Item 6. Exhibits.
 Number
    
    Description of Document31.1
    
    Statement of CEO Pursuant to 302 of the Sarbanes-Oxley Act of 2002*31.2
    
    Statement of CFO Pursuant to 302 of the Sarbanes-Oxley Act of 2002*32.1
    
    Statement of CEO Pursuant to 906 of the Sarbanes-Oxley Act of 2002*32.2
    
    Statement of CFO Pursuant to 906 of the Sarbanes-Oxley Act of 2002*
 
 *
    
    Filed herewith. 22




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##### Table of Contents



SIGNATURES
  SUPERCONDUCTOR TECHNOLOGIES INC.Dated: May 8, 2009
    
    /s/ William J. BuchananWilliam J. BuchananController/s/ Jeffrey A. QuiramJeffrey A. QuiramPresident and Chief Executive Officer
 23