Siemens to use superconductors in building the power grid of the future in Augsburg

Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 165 years. The company is active in more than 200 countries, focusing on the areas of electrification, automation and digitalization. One of the world's largest producers of energy-efficient, resource-saving technologies, Siemens is No. 1 in offshore wind turbine construction, a leading supplier of combined cycle turbines for power generation, a major provider of power transmission solutions and a pioneer in infrastructure solutions as well as automation, drive and software solutions for industry. The company is also a leading provider of medical imaging equipment – such as computed tomography and magnetic resonance imaging systems – and a leader in laboratory diagnostics as well as clinical IT. In fiscal 2014, which ended on September 30, 2014, Siemens generated revenue from continuing operations of €71.9 billion and net income of €5.5 billion. At the end of September 2014, the company had around 357,000 employees worldwide. Further information is available on the Internet at http://www.siemens.com.

Stadtwerke Augsburg is the third largest multi utility company in Bavaria, Germany. In the Augsburg region it supplies over 350,000 people with energy and drinking water and guarantees easy mobility with modern means of transport. As a hundred-percent municipal company it contributes substantially to the efficiency of the city of Augsburg. Further information can be found on the Internet at www.sw-augsburg.de.