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Microcap & Penny Stocks : Composite Technology (CPTC) -- Ignore unavailable to you. Want to Upgrade?

To: Savant who wrote (1)	10/25/2004 9:48:09 PM
From: Savant	Respond to of 203

Aug 30, 2004..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 it has completed the first commercial overhead installation of its proprietary Aluminum Conductor Composite Core (ACCC) high-performance electrical power cable, which can economically double the electrical transmission capacity of conventional power conductors of the same size and weight, while dramatically increasing system reliability by virtually eliminating problematic high-temperature cable sag. This initial installation in the city of Holland, Michigan utilized over three thousand feet of ACCC conductor. The higher performance ACCC conductor replaced existing conventional utility power cable in the municipality's power distribution system. The installation utilized CTC's ACCC "Hawk" size utility power cable and spanned several support structures while utilizing compression dead ends and splices jointly developed by CTC and FCI/Burndy for installing the cable. The city of Holland is planning on upgrading its distribution system during the next few years to meet the growing energy demands of its customers. "Completion of this commercial installation represents a major milestone for CTC. Customers choose our cable because it represents the most cost effective solution available that delivers significantly better performance. The technological and project performance advantages versus traditional solutions are what sells our cable and we are pleased that the market is choosing ACCC," said Benton Wilcoxon, CTC Chairman and CEO. "Each project underlines the ease of installation of our new cable, as this and our recent installation experience at the EPRI facilities in Texas clearly show. There are several other projects slated for completion prior to year's end, but we believe that every cost conscious transmission manager whose grid system is threatened by blackout or inefficiencies should be looking at the ACCC as a cost effective solution. After all, it's about using the advantages of new technology to deliver better service to the customer, both for us and for them." "The city of Holland has an ongoing need to meet increasing power demand while maintaining system reliability and minimizing costs," said Dave Durham, Superintendent of Electric Transmission and Distribution for the Holland Board of Public Works. "After a comprehensive review of available technology, we found that CTC's ACCC cable is the most cost-effective solution to our power distribution problems. We can significantly increase system capacity while the cables unique high-temperature performance characteristics will improve reliability. Since we can install the cable on existing structures, we avoid significant costs that would be required by alternative solutions." CTC's recent installation at the Electrical Power Research Institute (EPRI) facilities in Haslet, Texas utilized approximately two miles of ACCC conductor. The installation used CTC's ACCC "Drake" size utility power cable and spanned over five utility support structures. A line crew from Great Southwestern Construction, a member of the MYR Group and a leading supplier of a full range of services within the electrical construction industry, completed the installation with assistance from CTC's technical support personnel. Installation hardware, tools and dies used are conventional industry standard products, with the exception of the compression dead end and splice assemblies that have been specifically designed for use with CTC's ACCC cable. The ability to use conventional equipment and installation methods means customers can now expect to install ACCC cable in similar time periods, and at similar costs, as existing cable with minimal training for their construction personnel. About Holland Board of Public Works Established more than a century ago, the Holland Board of Public Works is a municipally owned utility, providing electric generation and distribution, water and wastewater treatment services to 28,000 customers in the city of Holland, Michigan and parts of the surrounding area. For more information, see hollandbpw.com.