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Bruker Energy & Supercon Technologies (BEST) Announces Two Large, Multi-Year Superconductor Contracts from Leading MRI Manufacturers

November 01, 2011

BILLERICA, Mass., Nov 01, 2011 (BUSINESS WIRE) -- Bruker Energy & Supercon Technologies, Inc. (BEST) today announced that it has recently received two large, multi-year contracts for its metallic, low-temperature superconductors (LTS) from existing customers who are leading manufacturers of clinical magnetic resonance imaging (MRI) systems.

The total minimum order value from these two contracts through September 2014 is approximately $71 million, while actual purchases may range as high as 25% above the minimum commitment levels.

Burkhard Prause, President and CEO of BEST, commented: "These two new multi-year contracts give us significant additional visibility into future demand, as we continue to move forward with our planned LTS capacity expansion in support of our major customers with long-term commitments. We are very pleased that our discerning major customers in the MRI field have placed multi-year contracts for BEST's high-quality, high-performance superconductors."

About Bruker Energy & Supercon Technologies, Inc. (BEST)

BEST is a subsidiary of Bruker Corporation (NASDAQ: BRKR), and is a leader in the development and industrial manufacturing of advanced superconducting materials and superconducting devices for alternative energy, smart grid, healthcare and 'big science' applications. For more information on BEST, please visit www.bruker-est.com.

CAUTIONARY STATEMENT OF BEST

This press release contains forward-looking statements. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, business strategy and plans and objectives of management for future operations, are forward-looking statements. In many cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expect," "plan," "anticipate," "could," "intend," "target," "project," "contemplate," "believe," "estimate," "predict," "potential," "continue" or other similar words.

These forward-looking statements are predictions, not guarantees. These statements relate to future events or our future financial performance and involve known and unknown risks, uncertainties and other important factors that may cause our actual results, levels of activity, performance or achievements to materially differ from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Risks and uncertainties that could cause actual results to differ materially from those projected, include, but are not limited to, the integration of businesses we have acquired or may acquire in the future, changing technologies, product development, the cost and pricing of our products, manufacturing, competition, dependence on collaborative partners and key suppliers, capital spending and government funding policies, changes in governmental regulations, intellectual property rights, litigation, and exposure to foreign currency fluctuations. Because forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, you should not rely on these forward-looking statements as guarantees of future events.

The forward-looking statements in this press release represent our views as of the date of this press release. We anticipate that subsequent events and developments may cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we have no current intention of doing so except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing our views as of any date subsequent to the date of this press release.

SOURCE: Bruker Energy & Supercon Technologies, Inc.

Bruker Energy & Supercon Technologies, Inc.
Burkhard Prause, Ph.D., +49 (0)6181 4384-4101
President and CEO
info@bruker-est.com

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