SANTA BARBARA, Calif., March 17, 2008 (PRIME NEWSWIRE) -- Superconductor Technologies Inc. (Nasdaq:SCON) ("STI"), a leading provider of high performance infrastructure products for wireless voice and data applications, announced Thomas R. Giunta, 47, joined STI as vice president, engineering. As a key member of the senior management team, Giunta will report to Jeff Quiram, STI's president and chief executive officer, and will manage all aspects of engineering at the company.
Quiram said, "STI intends to continue to expand our product portfolio aggressively, including new initiatives in tunable handset filters and other attractive areas. Tom brings years of experience in directing the successful completion of very complex system developments. As STI continues to introduce new products to expand our addressable market, we believe Tom's strategic vision and product development expertise will play a critical role in our future success. I am extremely pleased that Tom has decided to join the STI team."
Giunta stated, "STI possesses exceptional expertise and patented technology in several areas that factor heavily into providing innovative solutions to the wireless industry. I thrive on leading programs that take cutting edge technology to commercialization. I am very excited about the opportunity to drive STI's product development processes that will capitalize on our core competencies, expand our product offerings and increase our success in the marketplace."
Prior to joining STI, Giunta held senior management positions in Motorola's IP Video Solutions and Motorola Wireline Networks organizations, where he was responsible for video compression and networking products. Prior to joining Motorola, he served as vice president, switching development engineering at Ciena Corporation, where he was responsible for Ciena's CoreDirector optical core network switching platform. In that role, he managed a 300-person team and guided the successful transition of that product platform to carrier-class status and directed product deployments into major operators including AT&T, Sprint, and Qwest. In addition, he served in senior leadership and senior engineering/product development and management roles at Mahi Networks, Advanced Fibre Communications, Fujitsu Network Communications and Alcatel.
Giunta holds an MBA from the W.P. Carey School of Business at Arizona State University and Bachelor of Science degree in Computer Science from Florida International University.
About Superconductor Technologies Inc. (STI)
STI, headquartered in Santa Barbara, CA, is a leading provider of high performance infrastructure products for wireless voice and data applications. STI's SuperLink(r) solution increases capacity utilization, lowers dropped and blocked calls, extends coverage, and enables faster wireless data rates. Its AmpLink(tm) solution enhances the performance of wireless base stations by improving receiver sensitivity and geographic coverage.
For information about STI, please visit http://www.suptech.com.
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Safe Harbor Statement
The 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 fundraising plans, profitability, revenues, market growth, capital requirements and new product introductions and any other statements identified by phrases such as "thinks,'' "anticipates,'' "believes,'' "estimates,'' "expects,'' "intends,'' "plans,'' "goals" or 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 statements. These factors and uncertainties include: fluctuations in product demand from quarter to quarter which can be significant; the need for additional capital depending on unpredictable cash flow; STI's ability to diversify its concentrated customer base; the impact of competitive filter products technologies and pricing; unanticipated decreases in the capital spending of wireless network operators; and manufacturing capacity constraints and difficulties. Forward-looking statements can be affected by many other factors, including, those described in the Business and the MD&A sections of its Annual Report on Form 10-K for 2006 and in STI's other public filings. These documents are available online at STI's website, www.suptech.com, or through the SEC's website, www.sec.gov. Forward-looking statements are based on information presently available to senior management, and STI has not assumed any duty to update any forward-looking statements.