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Superconductive Components, Inc. Reports Improved Third Quarter Results

CONTACT:
Robert A. Lentz
(614) 876-2000

COLUMBUS, Ohio -- November 15, 2001 -- Superconductive Components, Inc. (OTC Bulletin Board: SCCI), a manufacturer of advanced ceramics, optical materials, and high temperature superconductive and non-superconductive products, reported income applicable to common shares of $22,407 for the three months ended September 30, 2001 versus a net loss of $54,522 for the same period last year.

Net income per diluted common share was $0.01 for third quarter 2001 versus a net loss of $0.04 a year ago. Weighted average shares outstanding were 33.7% higher for the quarter compared to prior year due to a private sale of common equity and conversion of debt to equity during the second half of 2000.

Income applicable to common shares improved to $123,048 for the first nine months of 2001, or $0.07 per diluted share, versus a net loss of $193,742, or $0.14 per diluted share, the prior year.

Revenues rose 12.2% to $891,813 for third quarter 2001 from $794,677 a year ago. A 20.7% increase in product sales was partially offset by lower contract research revenue for the quarter. Revenues for the 2001 year-to-date period improved 24.5% to $2,857,064 from $2,294,392 in 2000. Product sales benefited from increased shipments to an expanding customer base and higher tantalum sales, which were partially offset by a 17.1% decline in contract research revenues versus last year.

Gross margin rose to $336,194, or 37.7% of revenue, for the three months ended September 30, 2001 versus $185,860 or 23.4% of total revenue a year ago. The increase in gross margin benefited from higher sales, a more favorable product mix, and improved utilization of production capacity. Gross margin for the first nine months of 2001 was $1,005,350, or 35.2% of revenues, compared with $487,542, or 21.2% of revenues, in 2000.

General and administrative expenses increased to $244,708 and $652,320, respectively, for the three months and nine months ended September 30, 2001, versus $128,807 and $352,018 for the same periods last year. These increases are attributable to staff additions and expenses related to the Company's listing on the Nasdaq Over the Counter Bulletin Board, which became effective in September 2001. Sales and promotional expenses were $52,249 for the third quarter versus $86,896 a year ago, and totaled $178,344 for the 2001 year-to- date period compared with $219,131 last year.

Superconductive Components, Inc. manufactures advanced ceramics such as superconductors, ferroelectric and optical materials for use in wire, cable, sensors, batteries, wireless and fiber optics systems. The Target Materials, Inc. Division of the Company manufactures thin film materials for photovoltaics, flat panel displays, electronic switches, hardness and decorative coatings. The Company is a global materials supplier with clients in more than 40 countries. Additional information is available at www.superconductivecomp.com.

SUPERCONDUCTIVE COMPONENTS, INC. 
Condensed Consolidated Statements of Operations
                      
                           Three Months Ended        Nine Months Ended
                               September 30,             September 30,
                            2001          2000         2001         2000

    Revenues              $891,813      $794,677   $2,857,064    $2,294,392
    Gross margin           336,194       185,860    1,005,350       487,542
    General and
      administrative
      expenses             244,708       128,807      652,320       352,018
    Sales and promotional
      expenses              52,249        86,896      178,344       219,131
    Income (loss) from
      operations            39,237       (29,843)     174,686       (83,607)
    Net income (loss)       35,648       (50,576)     160,866      (132,269)
    Income (loss)
      applicable to
      common shares       $ 22,407     $ (54,522)    $123,048    $ (193,742)
    Net income (loss)
      per share-basic
      and diluted            $0.01        $(0.04)       $0.07        $(0.14)

    Weighted average
      shares outstanding:
      Basic and diluted  1,821,926     1,363,050    1,820,618     1,361,879
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