Intermagnetics General Corporation [IMGC]
Opened The NASDAQ Stock Market
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Pictured:
Glenn H. Epstein, Chairman and Chief Executive Officer, Intermagnetics General
Corporation [IMGC] and Philip Pellegrino, President of the Intermagnetics'
subsidiary, SuperPower, Inc. join NASDAQ host David Weild, Vice Chairman,
The NASDAQ Stock Market to preside over the Market Open.
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Glenn H. Epstein,
Chairman and
Chief Executive Officer,
Intermagnetics General Corporation and
Philip Pellegrino,
President of
the Intermagnetics' subsidiary,
SuperPower, Inc.
opened The NASDAQ Stock Market
Friday, November 15, 2002
at NASDAQ's MarketSite
in New York City.
Click here for more information on
Intermagnetics General Corporation
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Summary Quote
The NASDAQ Stock Market proudly welcomes Intermagnetics General Corporation [IMGC] to the Market Open. Intermagnetics' SuperPower subsidiary and Sumitomo Electric Industries signed a collaboration agreement to focus on a high temperature superconductor (HTS) cable project in Albany, New York. This partnership plans to execute the world's first-of-a-kind in-grid demonstration effort of 3-core HTS cable technology. Little is being done to improve the ability to transmit and deliver energy from point A to point B - transmission gridlock. HTS devices could ease the gridlock that has evolved in delivering power to many dense urban areas and large industrial users.
About Intermagnetics General Corporation [IMGC]
Intermagnetics (http://www.igc.com), drawing on the financial strength, operational excellence and technical leadership in its core businesses of Magnetic Resonance Imaging and Instrumentation has become a prominent participant in superconducting applications for Energy Technology. The company has a more than 30-year history as a successful developer, manufacturer and marketer of superconducting materials, radio-frequency coils, magnets and devices utilizing low- and high-temperature superconductors and related cryogenic equipment. Intermagnetics derives current revenues primarily from applications within magnetic resonance imaging for medical diagnostics and cryogenic applications for vacuum and related processes.
The company is at the forefront in the development of high-temperature superconductor-based applications that would provide increased capacity and reliability for transmission and distribution of electric power. Through its own research and development programs and in conjunction with industry and other partners, Intermagnetics is committed to further commercialization of applied superconductivity and cryogenic systems for a broad range of applications.
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