Composite Technology Announces Order for 500 Kilometers of ACCC Core for First Significant Production of ACCC Conductor in China
Friday November 30, 8:15 am ET
ACCC Core Order From Jiangsu Far East
IRVINE, CA--(MARKET WIRE)--Nov 30, 2007 -- Composite Technology Corporation (CTC) (OTC BB:CPTC.OB - News) is pleased to announce that its CTC Cable subsidiary has received an order for 500 kilometers (approximately 310 miles) of ACCC core in four sizes that will be used by Jiangsu New Far East Cable Corporation's Far East Composite Technology division to produce four sizes of ACCC conductor by stranding aluminum under the recently announced Manufacturing Agreement. When these ACCC conductors are delivered to the regional power bureaus and placed in transmission lines, the installed base of ACCC conductor will be over 3,484 kilometers (approximately 2,165 miles) worldwide.
Jiangsu Far East has passed aluminum stranding certification on the first sizes of ACCC conductor and CTC Cable expects to complete certification for their production of several additional conductor sizes shortly. CTC Cable's technical specialists will conduct inspection of Jiangsu Far East's stranding facility in Yixing City, Jiangsu, China, in January and February of 2008. CTC Cable will continue to produce all ACCC core at its ISO 9001:2000 certified facilities in Irvine, California, where core production capacities are being expanded.
Marv Sepe, COO of CTC and President of CTC Cable, commented, "Jiangsu Far East has successfully demonstrated its first production of ACCC conductor and has continued to meet its minimum purchase agreement. We believe that production of the finished ACCC conductor in China will allow Jiangsu Far East to continue to advance sales and installation of ACCC conductor within the country, now that half of the completed conductor is 'Made in China.'" |
