Large-scale technology transfer contract for Bruker HTS GmbH subsidiary to license and transfer know-how for second generation (2G) YBCO ceramic tape high temperature superconductors
HANAU, Germany--(BUSINESS WIRE)--May. 23, 2012-- Bruker Energy & Supercon Technologies, Inc. (BEST) announced today a large-scale technology transfer contract for its Bruker HTS GmbH subsidiary to license and transfer know-how for second generation (2G) YBCO ceramic tape high temperature superconductors (HTS) to a subsidiary of the Russian state atomic energy corporation, Rosatom. The total contract value exceeds $25 million, and BEST revenue is expected in various increments and milestones over an approximately two-year period.
BEST has granted a license to Rosatom to make and sell within the Russian Federation certain 2G HTS conductors, which are expected to be manufactured in Russia using BEST’s proprietary pulsed laser deposition technology and process know-how. In addition to providing a license, BEST will also provide training and education services as well as a complete 2G HTS pilot production line to Rosatom, with expected deliveries commencing in 2013. The pilot line is expected initially to be set up and commissioned at the Bruker HTS facility in Alzenau, Germany, and then transferred to the Kurtchatow Institute near Moscow, Russia.
Dr. Burkhard Prause, President and CEO of BEST, said: “We are very pleased that Rosatom has chosen BEST’s unique and proprietary 2G HTS technology to introduce state-of-the-art YBCO HTS technology in the Russian Federation. The parties also expect to continue with subsequent scientific and technical collaborations in the further development of 2G HTS technology and its applications, particularly in energy and smart-grid markets.”
Dr. Viacheslav Pershukov, Rosatom Deputy Director - Head of innovation management block, stated: “This is a unique opportunity for the two companies to develop this key energy technology in two large markets and to potentially join forces for further development of HTS-based applications and devices.”
Dr. Reinhard Dietrich, Managing Director of Bruker HTS GmbH, commented further: “BEST is delighted to enable Rosatom to begin producing and selling HTS tape in Russia. We intend to continue scaling up our own HTS pilot line in Alzenau, Germany while simultaneously assisting Rosatom in establishing its HTS capabilities. This license and technology transfer is a historic event in HTS, and affirms that the YBCO tape process path selected at BEST has outstanding specifications. The collaboration between BEST and Rosatom is expected to provide benefits to both parties and accelerate the adoption of HTS in various end-market applications.”
BEST is a subsidiary of Bruker Corporation (NASDAQ: BRKR), and is a leader in the development and industrial manufacturing of advanced superconducting materials and superconducting devices for alternative energy, smart grid, healthcare and ‘big science’ applications. For more information on BEST, please visit www.bruker-est.com.
CAUTIONARY STATEMENT OF BEST
This press release contains forward-looking statements. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, business strategy and plans and objectives of management for future operations, are forward-looking statements. In many cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expect," "plan," "anticipate," "could," "intend," "target," "project," "contemplate," "believe," "estimate," "predict," "potential," "continue" or other similar words.
These forward-looking statements are predictions, not guarantees. These statements relate to future events or our future financial performance and involve known and unknown risks, uncertainties and other important factors that may cause our actual results, levels of activity, performance or achievements to materially differ from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Risks and uncertainties that could cause actual results to differ materially from those projected, include, but are not limited to, the integration of businesses we have acquired or may acquire in the future, changing technologies, product development, the cost and pricing of our products, manufacturing, competition, dependence on collaborative partners and key suppliers, capital spending and government funding policies, changes in governmental regulations, intellectual property rights, litigation, and exposure to foreign currency fluctuations. Because forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, you should not rely on these forward-looking statements as guarantees of future events.
The forward-looking statements in this press release represent our views as of the date of this press release. We anticipate that subsequent events and developments may cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we have no current intention of doing so except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing our views as of any date subsequent to the date of this press release.
Bruker Energy & Supercon Technologies, Inc.
Dr. Burkhard Prause, +49-(0)6181-4384-4133
President & CEO