AMSC Manufactures and Ships Superconductor Wire for Project HYDRA Prototype Power Cable

American Superconductor Corporation a leading energy technologies company, announced today that it has manufactured and shipped approximately 17,000 meters (56,000 feet) of its proprietary second generation (2G) high temperature superconductor (HTS) wire, branded as 344 superconductors, from the company’s manufacturing facility in Devens, MA for use in Project HYDRA. This is the single largest shipment of 2G HTS wire by any company worldwide. Project HYDRA relies upon the development of new fault current limiting technology, which is partially funded by the United States Department of Homeland Security (DHS) Science and Technology Directorate. The project focuses on the development and deployment of AMSC’s Secure Super Grids(TM) technology in the power delivery network of Manhattan operated by Consolidated Edison Company of New York, Inc. DHS is providing up to $25 million of the $39 million project. AMSC is both the wire supplier and the prime contractor for the project. Ultera(TM), a joint venture between Southwire Company and nkt cables, is the cable manufacturer.
Continue reading AMSC Manufactures and Ships Superconductor Wire for Project HYDRA Prototype Power Cable

Milwaukee Wire Products changes name, expands to China

Milwaukee Wire Products, a leading direct supplier of engineered components and assemblies to the automotive industry, has changed its name to Charter Automotive. The company is a division of Charter Manufacturing Company Inc., a privately owned producer of carbon, alloy and stainless steel bar, rod, wire, shaped wire products, and engineered components, headquartered in Mequon. “The new name signals our continuing international expansion and our ongoing commitment to automotive customers throughout the world,” said John Mellowes, chairman and chief executive officer of Charter Manufacturing Company.
Continue reading Milwaukee Wire Products changes name, expands to China

BAE Systems News – BAE Systems agrees to sell Inertial Products Business

Today in our defence news we feature a Press Release from BAE Systems selling off another component aspect of their business.  BAE Systems is a global defense and aerospace company, delivering a full range of products and services for air, land, and naval forces, as well as advanced electronics, information technology solutions, and customer support services. BAE Systems, with 88,000 employees worldwide, had 2006 sales that exceeded $25 billion.  For the full press article please read on: 

 

 

The Inertial Products business supplies military and commercial customers inertial sensors and measurement units for the control, navigation and guidance of fixed- and rotary-winged aircraft, precision weapon systems, missiles, unmanned aerial vehicles, aerial targets and drones, tanks and fighting vehicles. It has approximately 810 employees at sites in Cheshire, Connecticut; Heath, Ohio; Wayne, New Jersey; and Plymouth, U.K. The sale also includes BAE Systems’ share of Silicon Sensing Systems, a joint venture between BAE Systems and Sumitomo Precision Products that is based in the U.K. and Japan.

 

The transaction, for consideration of $140 million cash subject to customary post-closing adjustments, is expected to occur within 60 days following receipt of regulatory approvals.

 

The sale is consistent with BAE Systems’ strategy to expand as a developer and integrator of systems and de-emphasize its role as a components provider.