Composite Technology Featured in Forbes Magazine Article on Innovative Solutions to Prevent Future Blackouts
IRVINE, Calif., May 25 -- Composite Technology
Corporation (CTC) (OTC Bulletin Board: CPTC), a leading developer of
high-performance composite core cables for electric transmission and
distribution lines, today announced that its Aluminum Conductor Composite Core
(ACCC) cable was cited in a recent article in Forbes Magazine.
The Forbes article, "Smarter Juice. Another megablackout threatens to
darken the summer of 2004. Innovative solutions abound. Will the industry
choose to fund them?" by Rob Wherry, in the Technology Section of the June 7,
2004 issue is available online at
forbes.com and on newsstands.
The article notes that "a frequent cause of outages is power-line sag.
The cables get hot, expand and short out against an errant tree branch. Last
year Composite Technology Corp. began marketing a stronger cable consisting of
aluminum threads that surround a carbon-and-glass-fiber core. Utilities
traditionally use two types of cables: copper and aluminum with a steel core.
CTC's composite-core cable, says the company, carries twice the power of
traditional aluminum cables and is 25% stronger ... It's also cheaper --
$90,000 a mile rather than $550,000. The savings hinge on not having to
construct new steel towers to carry the weight of additional aluminum cables
to meet demand."
Benton Wilcoxon, CTC Chairman and CEO said, "Our Aluminum Conductor
Composite Core (ACCC) cable is minimally affected by high electric loads
(temperatures) resulting in substantially less line sag (approximately 90%
less). This increases a utility's ability to deliver greater capacity using
ACCC cables on existing structures and provides an overall increase in energy
efficiency and reliability."
About CTC
CTC is an Irvine, CA-based company providing high performance advanced
composite core conductor cables for electric transmission and distribution
lines. The proprietary new ACCC cable transmits two times more power than
comparably sized conventional cables in use today. ACCC can solve
high-temperature line sag problems, create energy savings through less line
losses, has significantly lower corona and reduced electromagnetic fields, and
can easily be retrofitted on existing towers to upgrade energy throughput.
ACCC cables allow transmission owners, utility companies, and power producers
to easily replace transmission lines without modification to the towers using
standard installation techniques and equipment, thereby avoiding the
deployment of new towers and establishment of new rights-of-way that are
costly, time consuming, controversial and may impact the environment. CTC has
established strategic relationships with existing cable manufacturers to
rapidly expand production and facilitate deployment to end users worldwide.
See: compositetechcorp.com.
Contact: Media Contact: Investor Relations
James Carswell James McCusker Carl Hymans
Dir., Investor Relations G.S. Schwartz & Co. G.S. Schwartz & Co.
Composite Technology Corp. 212-725-4500 212-725-4500
760-416-8628 |
