Composite Technology Announces Further Market Expansion

Friday, Jun 04, 2010

Composite Technology Corporation (CTC) /quotes/comstock/11k!cptc (CPTC 0.22, +0.01, +2.38%) is pleased to announce a new order for its subsidiary, CTC Cable Corporation in Brazil. The order is comprised of ACCC(R) Dove conductor and associated hardware to be used for reconductoring an existing 138 kV, 217 MVA, single circuit ACSR Dove conductor transmission line. This project will upgrade the line to a higher capacity 310 MVA ACCC(R) Dove conductor line. Installation is scheduled for October 2010.

This first project will significantly improve the capacity and reliability of this portion of the transmission grid serving the Brazilian market. The application of ACCC(R) conductor represents our initial steps into a very substantial new geographic market for CTC Cable.

CTC Cable's ACCC(R) Dove conductor was chosen for this application because of its increased capacity, lower sag profile and superior efficiency. With the choice of ACCC(R) Dove conductor, this transmission line upgrade will not require structure modification or replacement and will have the added advantage of a significantly greater reserve capacity during peak load operation.

Benton Wilcoxon, Chief Executive Officer of Composite Technology Corporation, commented, "CTC Cable Corporation continues to expand its strategic business development efforts into key international markets. We are pleased with this first order from Brazil and look forward to the near term development of this region."

This initial penetration of the Brazilian market represents further evidence of CTC Cable Corporation's position as the world's leading composite core conductor in the electrical transmission and distribution industry. ACCC(R) conductor is the most broadly accepted composite core conductor technology in the industry with over 140 installations and 9,400 kilometers commercially deployed in transmission and distribution grids in the U.S., Mexico, South America, Asia and Europe.

About CTC: Composite Technology Corporation, based in Irvine, California, USA, develops, manufactures and sells innovative, high performance, energy efficient electrical transmission conductors through its subsidiary, CTC Cable Corporation. CTC Cable produces composite core rod for use in its patented high efficiency ACCC(R) conductors, which are used in electrical transmission and distribution grids. ACCC(R) conductors perform with less line losses when compared to similar diameter conventional conductors and therefore enable power generators to reduce the amount of generation while still delivering the same power to customers. ACCC(R) conductors also enable grid operators to reduce blackouts and brownouts by providing reserve electrical capacity, since they can be operated at higher temperatures without significant thermal line sag. The performance and longevity of CTC's ACCC(R) conductor technology has been independently verified by certifying agencies, test centers and power grids around the world and has consistently demonstrated significant savings in upgrade capital costs and operating expenses when substituted for traditional conductors in reconductoring upgrades as well as new line construction. ACCC(R) core, the key component of ACCC(R) conductor, is produced by CTC Cable and is delivered to licensed qualified conductor manufacturers worldwide for ACCC(R) conductor production and sale into local markets. Over 9,400 kilometers of ACCC(R) conductor have been ordered and over 8,500 kilometers installed on five continents. ACCC(R) is a registered trademark of CTC Cable Corporation.

For further information, visit our website: www.compositetechcorp.com or contact Investor Relations, James Carswell, +1-949-428-8500.

Source: Marketwatch