Item 2.05. Costs Associated with Exit or Disposal Activities.

On January 22, 2020, Superconductor Technologies, Inc. (the "Company," "STI" or "we") committed to a cost reduction plan for the purpose of extending the Company's operating capital (in light of the Company's cash limitations previously disclosed) and aligning its personnel needs and capital requirements as the Company explores strategic alternatives as further discussed below. The cost reduction plan includes maintaining operations of the Company's cryogenics initiatives while ceasing additional manufacturing of the Company's HTS Conductus® wire. The cost reduction plan also includes a reduction in force to result in the termination of 19 employees or approximately 70% of the Company's employee workforce. As a result of the cost reduction plan, the Company anticipates that it will not incur any significant charges for severance or other employee termination related costs. The Company is not currently aware of any other significant charges it will incur as a result of the cost reduction plan.

As previously announced, the Company is exploring strategic alternatives, which may include, among others, a strategic investment financing that would enable the company to pursue its business plan to commercialize the Conductus wire platform; a business combination such as a merger with another party; or a sale of STI. The Company's timetable for the conclusion of this review and its decisions related to any potential strategic alternatives are subject to the company's cash limitations previously disclosed.

Item 7.01. Regulation FD Disclosure.

On January 28, 2020, the Company issued a press release announcing the cost reduction plan discussed above. A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1, and the information therein is incorporated herein by reference.

The information contained in this Item 7.01 and Exhibit 99.1 included with this Current Report on Form 8-K, is being furnished pursuant to Item 7.01 and shall not be deemed to be "filed" for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that Section, nor shall such information be deemed to be incorporated by reference in any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as otherwise stated in such filing.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

99.1 Press Release dated January 28, 2020

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