Should you buy Superconductor Technologies stocks?
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Superconductor Technologies Inc (Nasdaq: SCON) is a publicly traded semiconductor and software company that develops, manufactures, and sells superconductors for use in commercial applications such as power grids, wind turbines, and MRI machines. The company provides solutions to customers in various markets including communications equipment providers, data center operators, Internet service providers, enterprises, governments and military agencies.
The global company has been a leading innovator in high-temperature superconductors (HTS) material development for more than 25 years, developing more than 100 patents as well as proprietary trade secrets and manufacturing expertise. For the past 20 years, STI has utilized its unique HTS process to manufacture solutions for Tier 1 telecommunications operators who need an ultra-low loss solution to maximize capacity utilization and coverage.
Superconductor Technologies has invested heavily into research and development with the goal of producing more efficient technology that will be able to compete with other technologies on the market. The company's strategy is a success because it is now ranked as one of the top producers in North America and continues to grow at a rapid rate every year.
In just 5 years, the company has developed a new type of superconducting wire that is expected to be 10 times more efficient than current ones on the market. The company also expects to develop power cables made from their wires and plans to increase its number of employees by 50% over the next 2 years. Investing in Superconductor Technologies stocks could yield significant returns down the road when demand increases for these products