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AUSTIN, Texas, March 03, 2020 (GLOBE NEWSWIRE) -- Superconductor Technologies Inc. (STI) (Nasdaq: SCON), a frontrunner in superconducting innovation, reported it entered right into a definitive merger agreement with Allied Integral United, Inc. ("Clearday", a privately-held firm devoted to delivering subsequent generation longevity care and wellness companies, whereby a wholly-owned subsidiary of STI will merge with and into Clearday in a stock-for-stock transaction with Clearday.
Upon completion of the merger, STI will change its name to Clearday, Inc. The merged company will concentrate on the development of Clearday’s non-residential daily care service mannequin as properly because the continued operation of Clearday’s current Reminiscence Care America residential reminiscence care amenities.

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