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News Breaks | | | | February 11, 2013 | | 16:19 EDT |  | AMSC | AMSC receives $30M follow-on order from Inox Wind
AMSC announced that it has received an order worth in excess of $30M for wind turbine electrical control systems, or ECS, from Inox Wind Limited, part of India's Inox Group of Companies. AMSC expects to begin shipments under this new order during the current quarter and complete shipments in 2014. This is the fifth and largest order that AMSC has received from Inox since the company began volume production of its 2 megawatt wind turbines, which were licensed from AMSC in May 2009. | |
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News For AMSC From The Last 14 Days Check below for free stories on AMSC the last two weeks. |
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| May 24, 2013 | | 08:10 EDT | | AMSC | China'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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