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Microcap & Penny Stocks : Composite Technology (CPTC)
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To: hotelonthemoon who wrote (77)9/1/2006 12:31:19 PM
From: Skywatcher  Read Replies (1) of 203
 
Composite Technology Receives Order from General Cable for Second American Electric Power Installation
Friday September 1, 8:05 am ET

IRVINE, Calif., Sept. 1 /PRNewswire-FirstCall/ -- Composite Technology Corporation (CTC) (OTC Bulletin Board: CPTC - News) is pleased to announce that its subsidiary, CTC Cable Corporation (CTC Cable) received a new order from General Cable Corporation (General Cable) for ACCC cable for an American Electric Power (AEP) installation. The reconductoring project will use 60 linear miles of ACCC cable for a line from Bluff Creek to South Abilene in Texas. It is the second ACCC installation for AEP, which has a value in excess of $2 million and includes cable, hardware, and extended warranty.
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This order follows an installation by AEP in San Antonio, Texas earlier this year and underscores AEP's confidence in ACCC cable and the solution it provides for constrained transmission lines. The new order is for General Cable's TransPowr(TM) ACCC Drake 1020 kcmil conductor, which incorporates CTC's proprietary cable technology. Installation is slated for the first calendar quarter of 2007. ACCC's high strength composite core allows for 28 percent more conductive aluminum in the same diameter cable with the same overall weight as a conventional steel core conductor, enabling ACCC cable to carry more electricity more efficiently. Additionally, ACCC's composite core demonstrates significantly less high temperature sag which enables the line to operate at much higher temperatures than traditional cables.
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