AMSC Expands Business in India with License to Inox Wind Limited

-- Inox to Begin Production of AMSC Windtec 2 MW Wind Turbines in 2010

-- AMSC to Supply Electrical Systems for All Inox Wind Turbines
DEVENS, Mass.--(Business Wire)--
American Superconductor Corporation (NASDAQ: AMSC), a leading energy
technologies company, announced today that its wholly owned AMSC Windtec
subsidiary has licensed its proprietary 2 megawatt (MW) doubly-fed induction
wind turbine design to Inox Wind Limited, part of India`s Inox Group of
Companies (Inox). The license provides Inox with the right to manufacture and
sell the wind turbines globally. Inox plans to begin series production of the 2
MW wind turbines in 2010.

In addition to providing licensed designs to Inox, AMSC will help the company
localize the supply of key wind turbine components, establish its manufacturing
line, and build and test Inox`s first prototype wind turbines. AMSC will receive
an upfront license fee as well as royalty payments. AMSC also will provide the
electrical systems for the 2 MW wind turbines manufactured by Inox.

Inox has a diverse line of businesses, more than 4,500 employees and nearly
US$600 million in annual sales. The company owns and operates several wind farms
in India.

"The Inox Group of Companies has established technology leadership positions in
a range of sectors," said Deepak Asher, Director of Inox Wind Limited. "We
expect to make major investments in our wind energy business in the coming
years, and we look forward to forging a close, long-term relationship with AMSC
as we grow our manufacturing operations."

Inox is AMSC`s second wind turbine manufacturing customer in India. In 2008,
AMSC Windtec licensed a 1.65 MW wind turbine design to Ghodawat Industries
(India) Pvt. Ltd. Ghodawat plans to enter into commercial production of these
wind turbines by the end of 2009.

"We view India as a tremendous growth opportunity for all AMSC products," said
Greg Yurek, founder and CEO of AMSC. "Similar to our strategy in China, we have
entered India through the wind energy market, which not only provides us with a
growing stream of revenue, but also provides a concrete rationale to establish
our in-country base of operations and contacts. From this base, we expect to
address not only the wind market, but also the huge power grid market
opportunity in India for our reactive compensation and superconductor products."

Global wind energy capacity grew by nearly 29 percent in 2008 to reach more than
120 gigawatts (GW), according to the Global Wind Energy Council (GWEC). India
ranked as the world`s fifth largest wind power market at the end of 2008, with
nearly 10 GW of capacity. The Indian Wind Turbine Manufacturers Association
estimates that the potential for wind development in India is approximately 65
to 70 GW.

To learn more about AMSC`s product offerings for the wind industry, please visit
http://www.amsc.com/products/applications/windEnergy/index.html.

About Inox Wind Limited

Inox Wind Limited is part of the Inox Group of Companies. The Inox Group has
employee strength of over 4,500 and is involved in the following businesses:
industrial gases, refrigerants, chemicals, engineering plastics, cryogenic
vessels, carbon credits, entertainment and renewable energy. The Inox Group of
Companies, apart from Inox Wind Limited, includes amongst others, Inox Air
Products Limited, Gujarat Fluorochemicals Limited, Inox India Limited and Inox
Leisure Limited.

About American Superconductor (NASDAQ: AMSC)

AMSC offers an array of proprietary technologies and solutions spanning the
electric power infrastructure - from generation to delivery to end use. The
company is a leader in alternative energy, providing proven, megawatt-scale wind
turbine designs and electrical control systems. The company also offers a host
of Smart Grid technologies for power grid operators that enhance the
reliability, efficiency and capacity of the grid, and seamlessly integrate
renewable energy sources into the power infrastructure. These include
superconductor power cable systems, grid-level surge protectors and power
electronics-based voltage stabilization systems. AMSC`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, dSVC, PowerModule, PQ-IVR, Secure
Super Grids, Windtec and SuperGEAR are trademarks or registered trademarks of
American Superconductor Corporation or its subsidiaries. All other brand names,
product names or trademarks belong to their respective holders. The Windtec logo
and design is a registered European Union Community Trademark.

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 the increasingly uncertain
global economic conditions could result in customers delaying or reducing
purchases of our products; 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 2009