 AYER, Mass., May 06, 2021 GLOBE NEWSWIRE -- AMSC Nasdaq: AMSC, a leading system provider of megawatt-scale power resiliency solutions that orchestrate the rhythm and harmony of power on the gridTM and protect and expand the capability of our Navys fleet, today announced that it has acquired Neeltran, Inc. Neeltran, a private Connecticut-based company that supplies rectifiers and transformers to industrial customers. At closing, AMSC paid 4.5 million in cash and issued 301,556 restricted shares of AMSC common stock having a value of approximately 4.3 million. Additionally, AMSC paid 7.6 million directly to Neeltran lenders at closing to extinguish outstanding Neeltran debt. 