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Stock Market & Financial Investment News

News Breaks
January 15, 2013
08:20 EDTAMSCAMSC receives order from D-Var solution from Xiamen Red Phase Instruments
AMSC announced that it recently received an order for a D-VAR reactive compensation solution from Xiamen Red Phase Instruments. This is the third order that AMSC has received from Red Phase. The new D-VAR system, which was shipped in late 2012, is now being used to resolve power quality issues for China Southern Power Grid. Red Phase will install the D-VAR STATCOM system in a 110 kilovolt (kV) substation in the Yunnan province of China. The D-VAR system is being used to connect a 35kV bus line to the substation while regulating voltage, mitigating transient voltage deviations, ensuring high power quality and improving grid stability.
News For AMSC From The Last 14 Days
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May 24, 2013
08:10 EDTAMSCChina's China's Supreme People's Court to hear AMSC's case against Sinovel
AMSC announced that China's Supreme People's Court has scheduled a hearing for May 29 to review the jurisdiction of AMSC's software copyright infringement cases against Sinovel Wind Group and Guotong Electric. During the proceedings, the court is expected to review the jurisdiction of AMSC's civil action filed against Sinovel in the Beijing No. 1 Intermediate People's Court as well as AMSC's civil action filed against Sinovel and Guotong Electric in the Hainan Province No. 1 Intermediate People's Court. These are two of the four legal cases that AMSC brought against Sinovel in late 2011 regarding Sinovel's contractual breaches and AMSC's discovery of intellectual property theft by Sinovel. AMSC is also engaged in a commercial arbitration case and a trade secrets case against Sinovel in China.

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