Monday, December 12, 2011

Superconductor Technologies Shifts HQ To Texas

Santa Barbara-based Superconductor Technologies, which was founded in 1987 in Santa Barbara and develops high temperature superconducting materials, is moving its headquarters out of the state, to Texas. Superconductor Technologies--which is publicly held and trades on the NASDAQ as SCON--said the moves is part of a "strategic initiative" to grow the company. The company said that the decision is not expected to affect its headcount in Santa Barbara, where it will continue to maintain R&D and wireless operations. Superconductor Technologies is moving into a 94,000, Class A semiconductor manufacturing facility in Austin, Texas, which was previously occupied by Applied Materials. The firm said it is taking advantage of that facility and its already-built clean room facilities.