NKT ULTERA A/S

The company has a development collaboration with the U.S. cable manufacturer Southwire Company. The purpose of the collaboration is to develop and market superconducting cable systems in collaboration with academic and industrial partners. In 2019, Southwire announced the desire to exit this collaboration. The exit was effected in 2020 by NKT’s purchase of Southwire’s 50% stake in the property of the collaboration. NKT has the intention to pursue market opportunities independently within its regular operation and organization. IP was transferred to NKT Cables Group A/S while hardware and production facilities were transferred to NKT Group Gmbh & Co. KG.