Exhibit 99.2

[SUPERCONDUCTOR TECHNOLOGIES LOGO]

             SUPERCONDUCTOR TECHNOLOGIES INC. COMPLETES MERGER WITH
               CONDUCTUS AND CLOSES $20 MILLION PRIVATE PLACEMENT

SANTA BARBARA, CA - DECEMBER 23, 2002: Superconductor Technologies Inc.
(Nasdaq: SCON) ("STI") the global leader in high-temperature superconducting
(HTS) products for wireless voice and data applications, announced today it has
completed the merger with Conductus, Inc. (Nasdaq: CDTS) and concurrently
closed a related $20 million equity private placement that was contingent on
the merger. STI issued 21,096,954 shares OF common stock to the investors in
the private placement at a purchase price of 0.95 per share. STI also issued
5-year warrants to the investors for the purchase of an additional 5,274,240
shares of common stock at an exercise price of $1.19 per share. After giving
effect to the merger and the financing, STI estimates 59,823,553 shares of
common stock outstanding and 15,504,417 shares reserved for options and
warrants.

The securities sold in the private placement have not been registered under the
Securities Act of 1933 and may not be offered or sold in the United States in
the absence of an effective registration statement or exemption from the
registration requirements of the Securities Act. STI has agreed to file a
registration statement covering public resales of the common stock issued at
the closing and the common stock issuable in the future upon exercise of the
warrants.

ABOUT SUPERCONDUCTOR TECHNOLOGIES INC.

Superconductor Technologies Inc., headquarter in Santa Barbara, CA, is the
global leader in developing, manufacturing, and marketing superconducting
products for wireless networks. STI'S SuperLink(TM) solutions are proven to
increase capacity utilization, lower dropped and blocked calls, extend
coverage, and enable higher wireless transmission data rates. SuperFilter(R),
the company's flagship product in the SuperLink RX product line, incorporates
patented high-temperature superconductor (HTS) technology to create a cryogenic
receiver front-end (CRFE) used by wireless operators to enhance network
performance while reducing capital and operating costs.

More than 1,700 SuperFilter Systems have been deployed worldwide, logging in
excess of 20 million hours of cumulative operation. In 2002, STI was named one
of Deloitte & Touche's prestigious "Technology Fast 50" companies for the Los
Angeles area, a ranking of the 50 fastest-growing technology companies in the
area.

SuperFilter and SuperLink are trademarks or registered trademarks of
Superconductor Technologies Inc. in the United States and in other countries.
For information about STI, please visit www.suptech.com.

COMPANY CONTACT:                        INVESTOR RELATIONS CONTACT:
Martin McDermut                         Lippert/Heilshorn & Associates
Senior Vice President,                  Lillian Armstrong, Moriah Shilton
Chief Financial Officer                 Email: lillian@Ihai-sf.com
Email: mmcdermut@suptech.com            (415) 433-3777
(805) 690-4500