CORPORATE NEWS:
Suzuki Shokan to sell ‘344 superconductors’ in growing Japanese market
American Superconductor (AMSC) has appointed Suzuki Shokan as its distribution partner for ‘344 superconductors’ in the Japanese market. Japan represents one of the world’s largest markets for superconductor wires for applications in the power transmission, industrial, medical and transportation sectors. The Japanese government has recently increased funding for the development of products that utilise second-generation (2G) high temperature superconductor (HTS) wires such as AMSC’s
‘344 superconductors’ that have enhanced performance properties.
“Japan represents a substantial opportunity for sales growth for ‘344 superconductors’,” said Greg Yurek, president and CEO of American Superconductor. “We have worked successfully with Suzuki Shokan on a number of projects over the last ten years and have developed a strong business relationship with them. Their knowledge of the Japanese market, their expertise and track record in selling products based on advanced technologies make them a great choice to act as our distributor for ‘344 superconductors’ in this key market.”
Founded in March 1905, Suzuki Shokan supplies gases, materials, state-of-the-art industrial equipment, including cryogenic equipment and related products to customers in Japan. Suzuki Shokan is also a distributor of HTS electromagnets for New Zealand-based HTS-110, of which AMSC is a shareholder.
“We are very excited about AMSC’s ‘344 superconductors’ because this is the right product at the right time in Japan,” said Yoshihiko Suzuki, president and CEO of Suzuki Shokan. “We are eager to continue our relationship with AMSC and together
to increase sales of ‘344 super- conductors’ to meet the growing market demand in Japan.”
Company: |
American Superconductor Corp |
Country: |
USA |
Fax: |
+1 508 836 4248 |
Email: |
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Website: |
www.amsuper.com |