MOUNT PROSPECT, Ill.-Illinois Superconductor Corp. received three new commercial orders for its SpectrumMaster radio frequency filter equipment during the fourth quarter. The orders, which are valued at $425,000, bring the company’s total SpectrumMaster order volume to $600,000 for the year.
“So far this year, we have shipped and installed SpectrumMaster systems at four commercial locations in the United States and we will be ramping up our product shipment activity in 1997 to serve growing demand,” said Ora E. Smith, president and chief executive officer of Illinois Superconductor.
The company also announced all of its redeemable common stock purchase warrants announced Nov. 21 were exercised prior to the Dec. 23 redemption date.
