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High Temperature Superconductors, Inc. Completes Acquisition of PVD Products Inc.

·2-min read

SANTA BARBARA, Calif., June 29, 2022--(BUSINESS WIRE)--High Temperature Superconductors, Inc. (HTS) today announced the successful completion of its acquisition of PVD Products, Inc., a leading manufacturer of custom thin film deposition systems, reel-to-reel deposition equipment for the coated-conductor market, and combinatorial deposition tools for rapid process development.

Founded in 1995, PVD Products specializes in the manufacturing of large-area pulsed laser deposition (PLD) systems along with thin film physical vapor deposition (PVD) techniques. PVD offers design and engineering services for a wide variety of high quality PLD magnetron sputtering and evaporation systems. Evaporation systems utilize thermal and e-beam evaporators. The company also manufacture custom chemical vapor deposition (CVD) tools. PVD Products is located just outside of Boston in Wilmington, MA.

"Our investment in PVD Products aligns with our focus on the commercialization of high temperature superconducting wire. The process steps in the fabrication of these coated conductors include ion beam assisted deposition (IBAD) and PLD — both tools manufactured by PVD Products. The combination of HTS and PVD Products strengthens our ability to meet superconducting wire demand for new Resilient, Reliable, and Sustainable Power Applications, including Fusion, Next Generation Electrical Machines, Transmission Cables, High Field Magnets, Fault Current Limiters, and Energy Storage," stated Ray Karam, HTS’s President and CEO.

Dr. James A. Greer, President and CEO of PVD Products, said, "Over the last 27 years, PVD Products has developed a strong reputation for the utmost product design, innovation and quality, especially in the rapidly growing thin film industry. Now, with the benefit of additional resources and strategic support, we couldn’t be more excited to join High Temperature Superconductors to accelerate our growth trajectory for both PVD and HTS."

PVD Products, Inc.; For more information, visit https://www.pvdproducts.com/

High Temperature Superconductors, Inc., visit https://www.hitsuperconductors.com/

View source version on businesswire.com: https://www.businesswire.com/news/home/20220629005266/en/

Contacts

Adam Shelton
Vice President, Product Marketing and Business Development
High Temperature Superconductors Inc.
Email: Adam.s@hitsuperconductors.com

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