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Microcap & Penny Stocks : Composite Technology (CPTC)

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To: caly who wrote (129)5/3/2007 9:38:57 AM
From: caly  Read Replies (3) of 203
 
Composite Technology Announces Successful ACCC Conductor Installation at National Grid Testing Facility

Wednesday May 2, 11:01 am ET

IRVINE, Calif., May 2 /PRNewswire-FirstCall/ -- Composite Technology Corporation (CTC) (OTC Bulletin Board: CPTC - News) announced today that its subsidiary, CTC Cable has successfully completed its first double bundled installation at the National Grid's test facility in Eakring, Nottingham, United Kingdom. The double bundled assembly was installed with 400 kV insulators and corona rings on twin ACCC Vienna 620 square mm conductors manufactured at Lamifil n.v. in Belgium (www.lamifil.com). These European standard ACCC conductors are equivalent to the US Cardinal 1222 kcmil size. ACCC conductors have been under evaluation by National Grid since 2005 and this installation forms part of the field installation testing part of the ACCC type registration process. CTC is introducing the ACCC conductors into the UK and Irish markets through a subsidiary of Babcock Networks "EVE Group". ACCC conductors are under consideration for their high current capacity, thermal stability, and improved electrical throughput and resistance.

Chris Morgan, Supplier Chain Technical Manager for Babcock Networks Ltd / EVE Transmission Division commented: "ACCC conductors can enable transmission operators to increase current capacity on their lines with minimal changes to supporting structures, reducing capital expense. National Grid has been at the forefront of the introduction of High Temperature Low Sag (HTLS) conductors in the UK and we are pleased to be working with CTC on the type registration of its HTLS ACCC conductors."

Graham Mill, Technical Support Engineer for Babcock Networks Ltd / EVE Transmission Division said: "The installation went very smoothly. The linemen were impressed with the quality of the ACCC conductor and also how easily the dead-end and splice connections could be installed."

Dominic Majendie, Vice President of International Marketing for CTC Cable Corporation, said: "This installation was an important milestone for the commercial deployment of the ACCC conductor in the European market. We are very pleased with the efforts National Grid and EVE Group have made in studying the attributes of the ACCC conductor, and look forward to its deployment on the electricity network in the coming months."

About Babcock Networks (Formerly EVE Group):

Babcock Networks is a leading provider of managed services to the communications, power transmission, utilities and property sectors. Working in close partnership with our customers, who include the UK's major network owners and operators, we successfully deliver large scale network infrastructure projects not only in the UK but internationally. The company name changed to Babcock Networks Ltd on 2nd October 2006. However, we continue to deliver our services through two established brands -- Eve (for Communications, Transmission and Working at Height Training) and Turner & Partners (for Consultancy). Our three core businesses are all industry leaders. Transmission is an approved supplier of turnkey network design and construction services to the power transmission sector. Communications provides the mobile, broadcast and fixed network sectors with end-to-end network infrastructure services. Turner & Partners is our professional services business, providing specialist consultancy to the telecommunications, utilities and property sectors. In addition, we are partners in a highly successful joint venture. em2 with Mott MacDonald which provides innovative asset management solutions to power transmission network operators. Contact: Babcock Networks Ltd. Tel: +44 01623 684000 Website: www.babcock.co.uk

About CTC:

Composite Technology Corporation, based in Irvine, California, USA develops, manufactures and sells high performance electrical transmission and renewable energy generation products through its subsidiaries:

* CTC Cable Corporation produces composite rod for use in its proprietary
ACCC (aluminum conductor composite core). ACCC conductors virtually
eliminate the sag in power lines caused by high current and high line
temperatures. ACCC conductors also reduce electricity line losses, and
have demonstrated significant savings in capital and operating expenses
when substituted for other conductors. ACCC conductors enable grid
operators to reduce blackouts and brownouts, providing a 'reserve
electrical capacity' by operating at higher temperatures. ACCC
conductors are an innovative economical solution for reconductoring
power lines, constructing new lines and crossing large spans. ACCC
composite rod is delivered to qualified conductor manufacturers
worldwide for local ACCC conductor production and resale into local
markets.

* DeWind Inc., produces sells, and licenses the DeWind series of wind
energy turbines including the 50Hz D6 rated at 1.25 megawatts (MW) and
the 50Hz D8 rated at 2 MW, both noted for their reliability. In 2007,
the first new 2 MW D8.2 turbines are planned to be delivered to North
American customers from assembly operations at TECO Westinghouse Motor
Company in Texas. The D8.2 utilizes the advanced WinDrive®
hydrodynamic torque converter developed by Voith AG with a synchronous
AC generator that is able to connect directly to the grid at high
voltage without the use of power conversion electronics. The DeWind D8.2
will be available in both a 60Hz and 50Hz version.
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