Advanced Supercon, Inc. (ASCI) in Billerica, Massachusetts, a new subsidiary of Bruker Corporation (NASDAQ: BRKR), announced today that it has hired Thomas M. Rosa as Chief Financial Officer and Senior Vice President, and that it is establishing business development and customer support operations in the U.S. under Mr. Rosa’s leadership. The manufacturing operations of the Advanced Supercon business and its present research and development for low temperature superconductor (LTS) and high temperature superconductor (HTS) wires and devices will remain in Europe. Over time, ASCI expects to conduct selected superconducting device-related R&D projects also at its new U.S. operations.
Mr. Rosa previously worked for over 14 years at American Superconductor Corporation (AMSC) in Westborough, MA, where he served as Vice President and CFO from March 2006 to July 2007, during which time he was involved in two acquisitions in the wind and power electronics industries. Mr. Rosa also served as Vice President of Finance and Accounting from 2003 to 2006, as Chief Accounting Officer from 1998 to 2003, and as Corporate Controller of AMSC from 1992 to 1998. Prior to that, from 1982 to 1992, he served in a variety of financial management positions at Lockheed, Wang Labs and Prime Computer, where he was the division controller of manufacturing operations.
“We’re delighted that Tom has decided to join us in a lead management role in what we expect to be an exciting growth opportunity for our new Advanced Supercon business,” said Frank Laukien, President and CEO of Bruker Corporation. “Tom is not only very familiar with the HTS industry, but he brings a wealth of financial expertise in the public markets to our Advanced Supercon business. He helped grow his previous company from $3 million in revenue when he first joined them to now approximately $100 million in annual revenues. Tom also played a lead role in several public equity offerings which raised an aggregate of over $350 million and he closed the all-stock acquisitions of two companies in the renewable energy and power electronics industries during his tenure as CFO. In short, his background and experience present a perfect fit for our Advanced Supercon business and we are now looking forward to Tom helping to drive the growth of our LTS and HTS wire and devices businesses, particularly also outside of the European markets where we’ve traditionally been strong already.”
Tom Rosa commented: “I am very pleased to join the Advanced Supercon business and look forward to playing an important role not only in finance, but also in promoting global awareness of ASCI as a high-quality provider of LTS and HTS wire products and devices. We expect to make additional hires in the U.S. in the near future as our business expands in North America as well as in the Asia-Pacific region. We’re excited to be getting the word out about the broad range of superconductor products we offer or are developing here in the Advanced Supercon business, including first-generation (BSCCO) and second-generation (YBCO) HTS wire and medium temperature superconductor (MTS) magnesium diboride (MgB2) wire. The Advanced Supercon business already manufactures and sells tens of thousands of kilometers of high-performance LTS wire annually worldwide, primarily for MRI, NMR, physics research and experimental fusion magnets.”
ABOUT THE ADVANCED SUPERCON BUSINESS
Bruker Corporation now operates in two business segments, the Life and Analytical Science systems segment and the Advanced Supercon segment. For more information on the Advanced Supercon business, please visit www.advancedsupercon.com.
Contacts:
Burkhard Prause, Ph.D., +49 (0)6181 4384-4133
Managing
Director
Burkhard.Prause@advancedsupercon.com
or
Advanced
Supercon, Inc. (ASCI)
Tom Rosa, +1-978-901-7550
CFO and Senior
VP
tom.rosa@asci.bruker.com
