Inox Wind

AMSC Reports Third Quarter Fiscal Year 2023 Financial Results and Provides Business Outlook

Retrieved on: 
Wednesday, January 24, 2024
AMSC, GAAP, Inox Wind, ECS, Cryptocurrency

AYER, Mass., Jan. 24, 2024 (GLOBE NEWSWIRE) -- AMSC (Nasdaq: AMSC), a leading system provider of megawatt-scale power resiliency solutions that orchestrate the rhythm and harmony of power on the grid™ and protect and expand the capability and resiliency of our Navy’s fleet, today reported financial results for its third quarter of fiscal year 2023 ended December 31, 2023.

Key Points: 
  • Revenues for the third quarter of fiscal 2023 were $39.4 million compared with $23.9 million for the same period of fiscal 2022.
  • AMSC’s net loss for the third quarter of fiscal 2023 was $1.6 million, or $0.06 per share, compared to a net loss of $9.6 million, or $0.34 per share, for the same period of fiscal 2022.
  • Cash, cash equivalents, and restricted cash on December 31, 2023, totaled $25.0 million, compared with $24.0 million at September 30, 2023.
  • The Company’s net loss for the fourth quarter of fiscal 2023 is expected not to exceed $3.5 million, or $0.12 per share.

AMSC Receives Wind Turbine Electrical Control System Order from Inox Wind

Retrieved on: 
Tuesday, January 16, 2024
Wind, Temperature, AMSC, Inox Wind, Inox, Electricity sector in India, ECS, Calendar, Renewable energy

AYER, Mass., Jan. 16, 2024 (GLOBE NEWSWIRE) -- AMSC (NASDAQ: AMSC), a leading system provider of megawatt-scale power resiliency solutions that orchestrate the rhythm and harmony of power on the grid™, and protect and expand the capability of our Navy’s fleet, today announced it has received an $8 million order for its 3 megawatt (MW) class wind turbine electrical control systems (ECS) from Inox Wind Limited (Inox), India’s premium wind turbine manufacturer.

Key Points: 
  • AYER, Mass., Jan. 16, 2024 (GLOBE NEWSWIRE) -- AMSC (NASDAQ: AMSC), a leading system provider of megawatt-scale power resiliency solutions that orchestrate the rhythm and harmony of power on the grid™, and protect and expand the capability of our Navy’s fleet, today announced it has received an $8 million order for its 3 megawatt (MW) class wind turbine electrical control systems (ECS) from Inox Wind Limited (Inox), India’s premium wind turbine manufacturer.
  • Inox Wind has requested immediate delivery under this $8 million follow-on order.
  • AMSC’s 3 MW class wind turbine design is certified as having a 3 MW power rating (according to GL2010 onshore guidelines).
  • AMSC’s 3 MW class wind turbine may operate up to 3.3 MW under certain grid conditions and certain ambient temperature conditions.

AMSC Agrees to Deliver nearly $20 Million in Wind Turbine Electrical Control Systems to Inox Wind

Retrieved on: 
Wednesday, May 31, 2023
Partnership, GlobalData, ECS, Inox Wind, AMSC, Wind, Temperature, Renewable energy, Inox

We are encouraged to begin scaling up production for Inox Wind and to support our partner’s complete wind turbine product line with our proprietary ECS products."

Key Points: 
  • We are encouraged to begin scaling up production for Inox Wind and to support our partner’s complete wind turbine product line with our proprietary ECS products."
  • AMSC has received a $5 million dollar order from Inox for its 3-MW class wind turbine ECS.
  • AMSC has agreed to provide nearly $15 million of 2 MW wind turbine ECS to Inox.
  • AMSC’s 2 MW class wind turbine may operate up to 2.15 MW under certain grid conditions and certain ambient temperature conditions.

AMSC to Report First Quarter Fiscal Year 2021 Financial Results on August 4, 2021

Retrieved on: 
Monday, August 2, 2021
Energy, Electrical engineering, Articles, Renewable energy, Electric power distribution, AMSC, Wind power, Wind turbine, Electrical grid, Inox Wind

In conjunction with this announcement, AMSC management will participate in a conference call with investors and covering analysts beginning at 10:00 a.m. Eastern Time on Thursday, August 5, 2021.

Key Points: 
  • In conjunction with this announcement, AMSC management will participate in a conference call with investors and covering analysts beginning at 10:00 a.m. Eastern Time on Thursday, August 5, 2021.
  • On this call, management will discuss market trends, and the Companys recent accomplishments, financial results, and business outlook.
  • Through its Gridtec Solutions, AMSC provides the engineering planning services and advanced grid systems that optimize network reliability, efficiency and performance.
  • Through its Windtec Solutions, AMSC provides wind turbine electronic controls and systems, designs and engineering services that reduce the cost of wind energy.

AMSC to Report Second Quarter Fiscal Year 2020 Financial Results on November 4, 2020

Retrieved on: 
Wednesday, October 28, 2020
Energy, Electrical engineering, Articles, Renewable energy, Electric power distribution, Electric power, Electromechanical engineering, Energy conversion, Wind turbine, Wind power, Electrical grid, Inox Wind

In conjunction with this announcement,AMSCmanagement will participate in a conference call with investors and covering analysts beginning at10:00 a.m. Eastern TimeonThursday, November 5, 2020.

Key Points: 
  • In conjunction with this announcement,AMSCmanagement will participate in a conference call with investors and covering analysts beginning at10:00 a.m. Eastern TimeonThursday, November 5, 2020.
  • On this call, management will discuss market trends, and the Companys recent accomplishments, financial results and business outlook.
  • Through its Gridtec Solutions, AMSC provides the engineering planning services and advanced grid systems that optimize network reliability, efficiency and performance.
  • Through its Windtec Solutions, AMSC provides wind turbine electronic controls and systems, designs and engineering services that reduce the cost of wind energy.

AMSC to Report First Quarter Fiscal Year 2020 Financial Results on August 5, 2020

Retrieved on: 
Friday, July 31, 2020
Energy, Articles, Electric power, Aerodynamics, Electromechanical engineering, Energy conversion, Wind turbine, Wind power, Electrical grid, Inox Wind

In conjunction with this announcement,AMSCmanagement will participate in a conference call with investors and covering analysts beginning at10:00 a.m. Eastern TimeonThursday, August 6, 2020.

Key Points: 
  • In conjunction with this announcement,AMSCmanagement will participate in a conference call with investors and covering analysts beginning at10:00 a.m. Eastern TimeonThursday, August 6, 2020.
  • On this call, management will discuss market trends, and the companys recent accomplishments, financial results and business outlook.
  • Through its Gridtec Solutions, AMSC provides the engineering planning services and advanced grid systems that optimize network reliability, efficiency and performance.
  • Through its Windtec Solutions, AMSC provides wind turbine electronic controls and systems, designs and engineering services that reduce the cost of wind energy.