This cannot be a coincidence...
Composite Technology Announces New Order for Transmission Conductor Business
Bundled Conductor Application Targeted for Immediate Installation
IRVINE, CA - Composite Technology Corporation (CTC) (OTCBB: CPTC) is pleased to announce a new ACCC(TM) conductor order for its subsidiary, CTC Cable Corporation. The order issued by Far East Composite Technology Company, a subsidiary of Jiangsu New Far East Cable Corporation (Far East), is made up of a single core size with associated hardware to be used on a critical transmission line in China. The order represents conductor for the first segment of an important reconductor project for a major transmission corridor.
The order is valued at approximately $3.1 million and is composed of 750 kilometers of ACCC(TM) core and associated hardware. The transmission line is designed to use a bundle of 4 Dove sized ACCC(TM) conductors. The hardware provided by CTC Cable will be its standard design with spacers provided by Far East. The core will be stranded by Far East in China under terms of the established Manufacturing and Distribution Agreement. The line is planned for installation in mid-2009.
"We are excited about the use of ACCC(TM) conductor in this bundled application. We have long believed the use of bundled conductors was an excellent way to utilize the benefits of ACCC(TM) conductor for very high voltage applications. This is an important line and we are pleased with the extensive investigative work completed by Far East to show the suitability of ACCC(TM) for this application. We expect to release more details of the line at a later date," stated Marv Sepe, COO of CTC and President of CTC Cable.
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