AMSC Renews Agreement with GE Industrial

June 23, 2003 by Jeff Shepard

American Superconductor Corp. (AMSC, Westborough, MA) and GE Industrial Systems, a business of General Electric Co., announced the renewal and expansion of their joint marketing and sales agreement. Under terms of the new agreement, GE Industrial Systems will continue to be the exclusive sales channel to North American electric utilities and other transmission grid owners for American Superconductor's integrated power electronic systems.

"AMSC's power quality and reliability systems are an important offering in our portfolio of flexible ac transmission solutions," said Jim Rogers, general manager, GE Industrial Systems' Power Delivery and Control business. "Their deep engineering expertise and superior technology help ensure that we remain among the leaders in the rapidly growing market for advanced power quality and reliability solutions."