Stock Research for AMSC


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AMSC Stock Chart & Research Data

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AMSC Due diligence Resources & Stock Charts

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Financial & Transaction Holdings

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Latest Financial News for AMSC

AMSC Announces $11 Million in D-VAR® System Orders
Posted on Wednesday July 18, 2018

AMSC (AMSC), a global energy solutions provider serving wind and power grid industry leaders, today announced five new D-VAR® STATCOM system orders valued at over $11 million.  Three of the orders serve the renewable connectivity sector and are expected to be used to connect wind power plants to the electric grid, as well as to provide voltage regulation by responding dynamically to varying load conditions. Two of the orders are expected to be used for industrial power quality applications. “The team continues to drive momentum in demand for our Grid products,” said Daniel P. McGahn, President and CEO, AMSC.

[$$] Apple self-driving car secrets allegedly stolen
Posted on Tuesday July 10, 2018

employee has been accused by US authorities of stealing trade secrets about the company’s self-driving car project, according to a criminal complaint filed in California. Xiaolang Zhang, who joined Apple in December 2015, was arrested by Federal Bureau of Investigation agents on July 7 as he attempted to board a flight to China, according to the court filing. Mr Zhang had worked for Apple on a project to “develop software and hardware for use in autonomous vehicles”, the filing said, and had designed and tested circuit boards to analyse sensor data.

Court Imposes Sentence on Sinovel For Theft of AMSC Trade Secrets
Posted on Monday July 09, 2018

AMSC (AMSC), a global energy solutions provider serving wind and power grid industry leaders, announced that Judge James D.  Peterson of the U. S. District Court for the Western District of Wisconsin sentenced Sinovel Wind Group Co. Ltd. (Sinovel) in connection with Sinovel’s theft of AMSC’s trade secrets.  Sinovel was convicted of conspiracy to commit trade secret theft, theft of trade secrets, and wire fraud on January 24, 2018 following an 11-day jury trial in Madison, Wisconsin.

China's Sinovel fined in U.S. trade secrets theft case
Posted on Friday July 06, 2018

A U.S. judge on Friday ordered Chinese wind turbine maker Sinovel Wind Group Co Ltd to pay a $1.5 million fine after the company was convicted of charges it stole trade secrets from Massachusetts-based AMSC. U.S. District Judge James Peterson in Madison, Wisconsin, also sentenced Sinovel to one year of probation, during which it must pay the unpaid balance of a $57.5 million settlement it struck with AMSC that was disclosed on Tuesday. The U.S. Justice Department said Sinovel has already paid AMSC, formerly known as American Superconductor Corp, $32.5 million and will have to pay $850,000 to additional victims during the probation period.

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