Maybe it's because of this boost by Telloite & Douche?
http://biz.yahoo.com/prnews/030731/lath102_1.html Superconductor Technologies Inc. Again Named One of LA's Fastest Growing Tech Companies in Deloitte & Touche 'Technology Fast 50' Program Thursday July 31, 2:37 pm ET 180 Percent Growth Driven by Increased Product Acceptance Among Wireless Carriers
SANTA BARBARA, Calif., July 31 /PRNewswire-FirstCall/ -- Superconductor Technologies Inc. (Nasdaq: SCON - News; "STI"), the global leader in high-temperature superconducting (HTS) products for wireless voice and data applications, has been named to Deloitte & Touche's prestigious Los Angeles Technology Fast 50 program for the second year in a row. (Logo: http://www.newscom.com/cgi-bin/prnh/20020216/SUPCONLOGO ) The Technology Fast 50 program ranks the 50 fastest growing technology companies in the area by Deloitte & Touche LLP, one of the nation's leading professional services firms. Rankings are based on the percentage of growth in fiscal year revenues over five years, from 1998-2002.
"STI has achieved 180 percent growth from 1998-2002 because our products empower our customers, enabling them to keep pace with infrastructure demands while maintaining tight control over CAPEX and OPEX budgets," said M. Peter Thomas, STI's president and chief executive officer. "With SuperLink(TM) Rx and other products, STI customers can 'do more with less.' They can meet network challenges head on, improving capacity utilization and coverage integrity without having to install new base stations -- and take the savings to the bottom line."
"In 2002, we grew our total revenue by more than 80 percent versus 2001," Thomas said. "I'm pleased to report that I believe we're on pace to double our revenues in 2003. Much of this success can be attributed to SuperLink Rx, which now provides interference protection and higher sensitivity to nearly 3,000 base stations worldwide. This means that millions of potential dropped and blocked calls are being saved every year."
"To succeed during prosperous times is one thing; to succeed in adversity is much more challenging, and that's exactly what the Deloitte & Touche Technology Fast 50 winners have done," said Gary Dickey, partner in the Technology, Media & Telecommunications group, Deloitte & Touche. "We applaud STI for its tremendous accomplishments during economically challenging times and for being one of the elite Fast 50 companies in the Los Angeles area."
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 1998 and $1-million in 2002, must be public or private companies headquartered in North America, and be a "technology company" defined as owning proprietary technology that contributes to a significant portion of the company's operating revenues (using other companies' technology in a unique way does not qualify); and/or devoting a significant proportion of revenues to research and development of technology.
Winners of the 20 regional Technology Fast 50 programs in the United States and Canada are entered automatically in the Deloitte & Touche Technology Fast 500 Program, which ranks North America's top 500 fastest growing technology companies. For more information on the Deloitte & Touche Fast 50 or Fast 500 programs, visit www.fast500.com .
About Superconductor Technologies Inc.
Superconductor Technologies Inc., headquartered in Santa Barbara, CA, is the global leader in developing, manufacturing, and marketing superconducting products for wireless networks. STI's SuperLink(TM) Solutions are proven to increase capacity utilization, lower dropped and blocked calls, extend coverage, and enable higher wireless transmission data rates. SuperLink(TM) Rx, the company's flagship product, incorporates patented high-temperature superconductor (HTS) technology to create a cryogenic receiver front-end (CRFE) used by wireless operators to enhance network performance while reducing capital and operating costs.
More than 3,000 SuperLink Rx systems have been shipped worldwide, logging in excess of 30 million hours of cumulative operation. In 2002 and 2003, STI was named one of Deloitte & Touche's prestigious "Technology Fast 50" companies for the Los Angeles area, a ranking of the 50 fastest growing technology companies in the area.
SuperLink is a trademark or registered trademark of Superconductor Technologies Inc. in the United States and in other countries. For information about STI, please visit www.suptech.com .
About Deloitte & Touche
Deloitte & Touche, one of the nation's leading professional services firms, provides assurance and advisory, tax, and management consulting services through nearly 30,000 people in more than 80 U.S. cities. The firm is dedicated to helping its clients and its people excel. Known as an employer of choice for innovative human resources programs, Deloitte & Touche has been recognized as one of the "100 Best Companies to Work For in America" by Fortune magazine for six consecutive years. Deloitte & Touche refers to Deloitte & Touche LLP and related entities. Deloitte & Touche is the US national practice of Deloitte Touche Tohmatsu. Deloitte Touch Tohmatsu is a Swiss Verein, and each of its national practices is a separate and independent legal entity. For more information, please visit Deloitte & Touche's web site at www.deloitte.com/us .
Safe Harbor Statement
This press release contains forward-looking statements made in reliance upon the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, STI's views on future profitability, revenues, market growth, capital requirements and new product introductions, and are generally identified by phrases such as "thinks," "anticipates," "believes," "estimates," "expects," "intends," "plans," and similar words. Forward-looking statements are not guarantees of future performance and are inherently subject to uncertainties and other factors which could cause actual results to differ materially from the forward-looking statement. These factors and uncertainties include: STI's ability to expand its operations to meet anticipated product demands; the ability of STI's products to achieve anticipated benefits for its customers; the anticipated growth of STI's target markets; unanticipated delays in shipments to customers; and STI's ability to achieve profitability. STI refers interested persons to its most recent Annual Report on Form 10-K and its other SEC filings for a description of additional uncertainties and factors that may affect forward-looking statements. Forward-looking statements are based on information presently available to senior management, and STI has not assumed any duty to update its forward-looking statements.
For further information please contact: Michael Williams, Superconductor Technologies Director of Marketing, +1-805-690-4500, mwilliams@suptech.com; or Bob Silver of The Silver Company, +1-206-624-0388, bob@thesilvercompany.com, for Superconductor Technologies Inc.
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