May 12 2005
Superconductive Component, a manufacturer of ceramics and metals for advanced applications in batteries, optical, and high temperature superconductive and non-superconductive products, today announced results for the three months ended March 31, 2005. The net loss was $138,917, or $0.06 per diluted share, for the first quarter 2005 compared to a net loss of $285,794, or $0.16 per diluted share, for the same period last year.
Dan Rooney, Chairman, President and Chief Executive Officer, commented, "We are encouraged by the relative improvement in our first quarter 2005 results compared to last year. Results were in line with our expectations. The increased marketing activities initiated during 2004 are beginning to gain traction. It is expected they will contribute to higher sales and improved margins going forward, and particularly benefit from more favorable mix of increased ceramic product sales."
Mr. Rooney added, "Commercialization of thin-film batteries is beginning to occur through distinct applications for large, diverse end-markets. Some of our thin-film battery customers have raised capital during the past six months for the purchase of manufacturing equipment to substantially increase their production capabilities. This is an important step toward broader product market acceptance leading to higher demand for thin-film batteries. We intend to remain the leading supplier to this emerging market and plan to raise additional capital during the first half of 2005 to further expand our manufacturing capabilities."
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