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Press ReleasesSuperconductive Components, Inc. Announces Plans to Move to a Larger Facility
COLUMBUS, Ohio -- August 6, 2003 -- Superconductive Components, Inc. (OTC Bulletin Board: SCCI), today announced a letter of intent has been signed to lease 32,000 square feet in Columbus, Ohio for the company's administrative and manufacturing operations. It is anticipated that the move will occur on or about November 1, 2003. Dan Rooney, Chairman and Chief Executive Officer, commented, "We are pleased to have located a facility that will enable us to improve our manufacturing efficiencies and also accommodate future growth, particularly in the emerging thin film battery market. We are a leader in the production of materials for these batteries, which are expected to achieve significant growth beginning in 2004. The recently completed financing included funds specifically earmarked for our move to a new facility." Superconductive Components, Inc., operates through SCI Engineered Materials and manufactures advanced ceramics such as superconductors, ferroelectric and optical materials for use in wire, cable, batteries, wireless and fiber optics systems. The company also provides materials for thin film applications used in photovoltaics, electronic switches, hardness and decorative coatings. The company is a global materials supplier with clients in more than 40 countries. Additional information is available at http://www.sciengineeredmaterials.com. This press release contains certain 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, which are intended to be covered by the safe harbors created thereby. Those statements include, but are not limited to, all statements regarding intent, beliefs, expectations, projections, forecasts, and plans of the company and its management, and specifically include statements regarding the letter of intent for the leased facility and the company's move on or about November 1, 2003 (paragraph 1) and expectations that the thin film battery market will achieve significant growth beginning in 2004 (paragraph 2). These forward-looking statements involve numerous risks and uncertainties, including, without limitation: the availability of a new leased facility and the ability to move to such facility at the anticipated cost, the development of the thin film battery market, the impact of competitive products and services, the ability to adapt to technological changes, the availability of capital, and other risks and uncertainties detailed from time to time in the company's Securities and Exchange Commission filings, including the company's Annual Report on Form 10- KSB for the year ended December 31, 2002. One or more of these factors have affected, and could in the future affect, the company's business and financial results in future periods and could cause actual results to differ materially from plans and projections. Therefore, there can be no assurances that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by the company, or any other persons, that the objectives and plans of the company will be achieved. All forward-looking statements made in this press release are based on information presently available to the management of the company. The company assumes no obligation to update any forward-looking statements. ### |
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