Superconductor Technologies Announces Pricing of $5 Million At-The-Market Registered Direct Offering

Superconductor Technologies, Inc. SCON (the "Company" or "SCON") announced that it entered into a definitive securities purchase agreement with certain investors providing for the issuance of 3,062,790 shares of common stock at a purchase price per share of $1.6325, and five and a half (5.5) year warrants to purchase up to 1,531,395 shares of common stock at an exercise price of $1.6325. H.C. Wainwright & Co. acted as the exclusive placement agent for this transaction. The closing of the sale of the securities is expected to take place on or about March 25, 2015, subject to satisfaction of customary closing conditions. The shares of common stock described above were offered pursuant to a shelf registration statement (File No. 333-202702), which was declared effective by the United States Securities and Exchange Commission ("SEC") on March 19, 2015. The warrants described above have not been registered under the Securities Act of 1933 (the "Act"), and may not be offered or sold in the United States absent registration with the SEC or an applicable exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. When filed with the SEC, copies of the prospectus supplement and the accompanying base prospectus relating to this offering may be obtained at the SEC's website at http://www.sec.gov. Copies of the prospectus supplement and accompanying prospectus relating to the offering may be obtained from H.C. Wainwright & Co., LLC by contacting by telephone at (212) 356-0530 or by e-mail at placements@hcwco.com.