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Microcap & Penny Stocks : Composite Technology (CPTC)

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From: Savant1/3/2011 11:37:05 AM
   of 203
 
Mercury Cable Requests Summary Judgment Based on Invalidity of CTC Patent Claims

DANA POINT, Calif., Jan 03, 2011 (BUSINESS WIRE) -- Mercury Cable and Energy
("Mercury Cable") announces that it has filed a Motion for Summary Judgment in
Federal District Court (case no.:CV-09-261 DOC (MLGx)) which asks the Court to
invalidate each of the asserted claims of Composite Technology Corporation
(OTCBB:CPTC.OB) contained in United States Patent Numbers 7,306,162 and 7,211,319
(collectively the "CTC patents in suit") which are directed to composite core
electric transmission cables.

On January 3, 2011, counsel for Mercury Cable filed with the Federal District
Court a motion for summary judgment that the asserted claims of the CTC patents
in suit are invalid as anticipated and obvious in light of publicly available
prior art that predates the filing dates of the CTC patents in suit by several
years. In its filing, counsel for Mercury Cable contends that there is nothing
novel in the asserted claims, as each and every element of the asserted claims is
disclosed and taught by a single reference published for the Electric Power
Research Institute ("EPRI") approximately seven years before the priority date of
the CTC patents in suit. Further, combining the EPRI reference with any one or
more of several other prior art references also renders the asserted claims of
the patents invalid for obviousness.

Court filings may be viewed at: pacer.gov

Mercury Cable & Energy is a privately-held developer of High Voltage Composite
Reinforced Conductors (HVCRC), Smart Conductors for the Smart Grid. The patented
HVCRC Smart Conductor is superior to existing conductors in a number of key
performance areas including:

Up to double the current carrying capacity of ACSR Substantially reduces
high-temperature sag Requires fewer structures for new line construction
Increases capacity of existing rights-of-way and structures through retrofitting
Eliminates bi-metallic corrosion Significantly reduces line losses compared to
same-diameter conventional and composite conductors at equal operating
temperatures

SOURCE: Mercury Cable & Energy

Mercury Cable & Energy
Todd Harris, President, 949-276-5375
tharris@mercurycable.com
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