AMSC

Earlier this month, Devens-based wind and power grid company AMSC reported quarterly revenue that was better than...

Devens-based wind and power grid company AMSC reported first-quarter fiscal 2014 revenues that were 13 percent better than the fourth quarter of last year, but down compared with the same period last year, as it continues to work to regain its footing more than two years after losing its largest customer.

Protecting intellectual property has always been a key business priority, especially in highly competitive, high-cost industries like software and drug development. But today, the stakes are even higher.

Last month's federal indictment of Sinovel Wind Group, the Chinese firm alleged to have stolen trade secrets...

The Chinese company that's embroiled in a legal dispute with Devens-based AMSC is now facing a federal indictment, accused of stealing trade secrets that caused AMSC to lose more than $800 million.

Devens-based AMSC, continuing to struggle two years after losing its largest customer, pared its quarterly and annual losses while posting a 14-percent gain in revenue for its 2013 fiscal year, which ended March 31.

China's highest court next week will hear Devens-based AMSC's software copyright infringement cases against two Chinese firms, one of which allegedly refused to pay for products it had ordered from the maker of products for wind energy and the electric grid.

Devens-based AMSC slightly increased its financial expectations for its fourth quarter, which ended March 31.

AMSC, the Devens company formerly known as American Superconductor, saw its losses shrink in its third quarter – three months that included a 25-percent reduction of its workforce.

Devens-based AMSC said it will sell high-temperature superconductor (HTS) wire to Nexans, a French provider of cables and cabling systems. Nexans will use the wire as part of a type of surge protector for a project designed to replace high-voltage equipment in inner cities with superconductor systems.