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Stock Market & Financial Investment News

News Breaks
February 11, 2013
16:19 EDTAMSCAMSC 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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September 19, 2014
16:56 EDTAMSCAMSC files $100M mixed securities shelf
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September 16, 2014
08:36 EDTAMSCAMSC provides update on litigation with Sinovel Wind
AMSC issued several updates regarding its litigation with Sinovel Wind Group. In the trade secret infringement case, the Beijing Higher People's Court upheld AMSC's position by rejecting Sinovel's appeal to transfer the case to the Beijing Arbitration Commission. Additionally, the first substantive hearing in the Beijing copyright infringement case took place at the Beijing No. 1 Intermediate People's Court. Finally, in the U.S. Department of Justice's case against Sinovel, members of its senior management team, and AMSC's former employee, the United States District Court for the Western District of Wisconsin upheld an earlier ruling that the service of summons of the criminal complaint was valid.

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