wiredinUSA March 2013

INDEX

ReversE stock split proposal

Superconductor Technologies Inc has revealed its intention to have a reverse stock split in March, according to a filing with the US Securities and Exchange Commission. The company has said that the proposed reverse split is due to its stock price being well below the minimum level set for stocks listed on the NASDAQ capital market exchange. Superconductor Technologies could do a reverse split in the range of one-for-two shares outstanding and not greater than one-for-12 shares. It presently has 55.5 million shares outstanding. Company officials said: “We believe the low market pace of our common stock has reduced theeffectivemarketabilityof those shares because of the reluctance of many leading brokerage firms to recommend low-priced stocks.” The company develops superconducting wire for use in power transmission lines and in wind power generators, but has lost money in recent years. For the nine months ended September 2012, it lost $8.7million on revenue of $2.2million.

Ted Bill, president of Pelican Wire

new staff at pelican

Althoughnewto thewireandcable industry, Sander Steele has over twenty years of sales experience and is busy learning about Pelican Wire’s manufacturing processes and thermocouple cable applications. Steele said: “Pelican Wire is a great company, and their custom engineering is really impressive.” Ted Bill, president of Pelican Wire, commented on the sales team’s newest representative: “Sander impressed me during his first few weeks on the job.” Nancy Sarafian, who has joined Pelican Wire as sales manager, has over 30 years of sales management experience in the cable industry. Sarafian said that learning more about the resistance heating applications of Pelican Wire and the specialization in fine wire diameters has broadened her knowledge of wire and cable.

Pelican Wire, an employee-owned company specializing in resistance wire, thermocouple and RTD wire, has new sales personnel.

wiredInUSA - March 2013

wiredInUSA - March 2013

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