AMSC Enters Power Market in Turkey with Wind Turbine License to Model Enerji Ltd.

- Turkey's First Wind Turbine Manufacturer to Initiate Production
of Proprietary 1.65 MW Wind Turbines in 2009 for Mediterranean and
Eastern European Countries

- Each Model Enerji Wind Turbine to Utilize AMSC's Core Electrical
Components
DEVENS, Mass.--(Business Wire)--
American Superconductor Corporation (NASDAQ: AMSC), a leading
energy technologies company, announced today that it has licensed its
proprietary WT1650 wind turbine design to Model Enerji Ltd., Turkey's
first megawatt-class wind turbine manufacturer. Under the terms of the
contract, Model Enerji has exclusive rights to manufacture, sell,
install, operate and maintain the WT1650 in Turkey and has
non-exclusive rights for surrounding Mediterranean and Eastern
European countries.

Model Enerji, based in Istanbul, plans to manufacture the 1.65
megawatt (MW) turbines, which utilize a doubly-fed induction generator
drive train, in Turkey's Ankara industrial zone. The company plans to
have its first prototype installed and commissioned in mid-2009 and
begin producing the turbines by the end of 2009. Subject to achieving
certain volume production levels with the WT1650, Model Enerji also
has a right of first refusal to license a proprietary 2 or 2.5 MW wind
turbine design from AMSC Windtec that will utilize a full-conversion
permanent magnet generator drive train.

"Because of its vast wind resources, open terrain and industrial
infrastructure, Turkey is predicted to be among the world's fastest
growing wind energy markets," said M. Celal Keki, General Manager of
Model Enerji. "Our highly experienced management team has extensive
expertise in Turkey's energy industry. Utilizing AMSC Windtec's
designs and expertise, our company will be the first wind turbine
manufacturer in Turkey and is ideally positioned to capitalize on this
advancing market."

Model Enerji was recently founded by a team of veterans of
Turkey's energy sector. The company works in collaboration with two
key Turkish partners: Pars Makina Ltd., a developer and manufacturer
of turbo and rotary heat engines; and SNC Kalite Ltd., an expert in
quality assurance systems and integrated logistic systems.

In addition to an upfront license fee, AMSC will receive a royalty
payment for the first 425 WT1650 wind turbines manufactured by Model
Enerji. AMSC also has a right of first refusal to provide the
electrical systems needed for all of the wind turbines manufactured by
Model Enerji.

"Turkey has one of the fastest growing economies in the world and,
like all growing economies, it needs more sources of power generation
to enable its continued strong growth," said Greg Yurek, AMSC founder
and chief executive officer. "With the country's electricity demand
expected to rise seven to eight percent annually in the coming years,
the Turkish government is increasingly promoting wind power to bolster
the security of the country's power supply, gain additional energy
independence and reduce emissions. Model Enerji has a first-mover
advantage in this dynamic market and has the technical expertise,
strong management and experienced partners needed to achieve long-term
success."

In its Global Wind 2007 Report, the Global Wind Energy Council
(GWEC) predicts Turkey could be the next "giant market on Europe's
doorstep." The country's wind power capacity grew 198 percent to 146
MW in 2007. An additional 12 licensed projects with a capacity of over
600 MW are expected to be finalized by the end of 2009. The Turkish
Energy Market Regulatory Agency is expected to offer licenses for up
to 10,000 MW of wind energy in the years ahead and says 30,000 MW
would eventually be feasible.

About Model Enerji Ltd.

Model Enerji Ltd. is a newly established firm launched by a team
of highly experienced experts in Turkey's energy sector. Model Enerji
is the first company founded in Turkey to manufacture megawatt-class
wind turbines. It has plans to localize a majority of its wind turbine
components within the next three years.

About American Superconductor (NASDAQ: AMSC)

AMSC is a leading energy technologies company offering an array of
solutions based on two proprietary technologies: programmable power
electronic converters and high temperature superconductor (HTS) wires.
The company's products, services and system-level solutions enable
cleaner, more efficient and more reliable generation, delivery and use
of electric power. AMSC is a leader in alternative energy, offering
grid interconnection solutions as well as licensed wind turbine
designs and electrical systems. As the world's principal supplier of
HTS wire, the company is enabling a new generation of compact,
high-power electrical products, including power cables, grid-level
surge protectors, Secure Super Grids(TM) technology, motors,
generators, and advanced transportation and defense systems. AMSC also
provides utility and industrial customers worldwide with voltage
regulation systems that dramatically enhance power grid capacity,
reliability and security, as well as industrial productivity. The
company's technologies are protected by a broad and deep intellectual
property portfolio consisting of hundreds of patents and licenses
worldwide. More information is available at www.amsc.com.

American Superconductor and design, Revolutionizing the Way the
World Uses Electricity, AMSC, Powered by AMSC, D-VAR, PQ-IVR,
PowerModule, Secure Super Grids, Windtec and SuperGEAR are trademarks
or registered trademarks of American Superconductor Corporation or its
subsidiaries.

Any statements in this release about future expectations, plans
and prospects for the company, including our expectations regarding
the future financial performance of the company and other statements
containing the words "believes," "anticipates," "plans," "expects,"
"will" and similar expressions, constitute forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of
1995. There are a number of important factors that could cause actual
results to differ materially from those indicated by such
forward-looking statements. Such factors include: uncertainties
regarding the company's ability to obtain anticipated funding from
corporate and government contracts, to successfully develop,
manufacture and market commercial products, and to secure anticipated
orders; the risk that a robust market may not develop for the
company's products; the risk that strategic alliances and other
contracts may be terminated; the risk that certain technologies
utilized by the company will infringe intellectual property rights of
others; and the competition encountered by the company. Reference is
made to these and other factors discussed in the "Risk Factors"
section of the company's most recent quarterly or annual report filed
with the Securities and Exchange Commission. In addition, the
forward-looking statements included in this press release represent
the company's views as of the date of this release. While the company
anticipates that subsequent events and developments may cause the
company's views to change, the company specifically disclaims any
obligation to update these forward-looking statements. These
forward-looking statements should not be relied upon as representing
the company's views as of any date subsequent to the date this press
release is issued.

American Superconductor Corporation (NASDAQ: AMSC)
Jason Fredette, 978-842-3177
Director of Investor & Media Relations
jfredette@amsc.com

Copyright Business Wire 2008