AMSC and Sinovel sign follow-on contract

American Superconductor Corporation (AMSC) has announced that it and Beijing-based Sinovel Wind Corporation Limited (Sinovel) have signed a new contract worth more than US$ 100 million (excluding value added tax) for core electrical components to be utilized in Sinovel’s 3MW wind turbines, known as the SL3000.? AMSC expects to begin shipping sets of core components under the new contract in March 2010 and to complete all shipments by the end of calendar year 2011.