Investor Relations

  

Press Releases

Superconductive Components, Inc. Awarded
Research Contract by U.S. Department of Energy

CONTACT:
Daniel Rooney
Chairman & CEO
(614) 486-0261

Robert Lentz
(614) 876-2000

COLUMBUS, Ohio -- October 6, 2003 -- Superconductive Components, Inc. (OTCBB: SCCI), today announced it has been awarded a contract for approximately $518,000 from the U.S. Department of Energy for a Phase II Small Business Innovation Research ("SBIR") program. This is in addition to an interim Phase II SBIR award for $105,000 granted earlier this year. The Phase II SBIR program is intended to determine the feasibility of producing cost effective, kilometer length Bismuth Strontium Calcium Copper Oxide ("BSCCO") 2212 wires for very high field magnets beyond 12 Tesla at 4.2 Kelvin. This contract is expected to continue through June 2005 and is a follow on to the Phase I and interim Phase II SBIR program the company has participated in during the past 13 months.

The Phase II SBIR program is focused on tailoring the particle size distribution of BSCCO 2212 powders to improve the advanced thermo-mechanical processing of superconductor/silver composite wires and scaling the process to commercial level. The primary objective of the first two phases is to demonstrate the feasibility of improved powder and wire forming processes for producing metal oxide superconductors with current carrying capability of at least one kilometer and current densities exceeding 250 amp/mm2 at 4.2 Kelvin and 12 Tesla.

Daniel Rooney, Chairman and Chief Executive Officer, commented, "We are very pleased to have been selected to conduct additional research in conjunction with our partners for this project. These efforts are expected to lead to additional commercial applications regarding the use of high-energy magnets and ceramic superconductors, including magnetic resonance imaging devices."

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 Phase II SBIR program continuing through June 2005 which is intended to determine the feasibility of producing cost effective, kilometer length BSCCO 2212 wires for very high field magnets (paragraph 1), and expectations that this program will lead to additional commercial applications regarding the use of high-energy magnets and ceramic superconductors (paragraph 3). 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.

###