Superconductor Technologies, based in Santa Barbara, Calif. announced Monday plans to move its corporate headquarters to Austin along with a new manufacturing plant.
The company, which makes high performance wires for power systems and cell phones, considered the “technical talent pools, facilities, and energy costs in a number of states” and determined Austin was the best location, said Jeff Quiram, STI’s president and chief executive officer in this news release.
“We believe Austin is an ideal location to initiate the production of our Conductus superconducting wire on a commercial scale,” he said “STI is excited to become a contributor to the region’s continued high-tech success.”
Superconductor Technologies will move into its new headquarters by the end of March next year. It’s moving into a 94,000 square foot plant, previously occupied by Applied Materials. It’s also planning to keep a research and development facility and other operations in California and it does not expect any layoffs associated with the move.