IRVINE, Calif., May 25, 2004 — Composite Technology Corporation (CTC) (OTC Bulletin Board: CPTC), a leading developer of high-performance composite core cables for electric transmission and distribution lines, announced that its Aluminum Conductor Composite Core (ACCC) cable was cited in a recent article in Forbes Magazine.
The Forbes article, “Smarter Juice. Another megablackout threatens to darken the summer of 2004. Innovative solutions abound. Will the industry choose to fund them?” by Rob Wherry, in the Technology Section of the June 7, 2004 issue is available online at www.forbes.com/business/forbes/2004/0607/116.html and on newsstands.
The article notes that “a frequent cause of outages is power-line sag. The cables get hot, expand and short out against an errant tree branch. Last year Composite Technology Corp. began marketing a stronger cable consisting of aluminum threads that surround a carbon-and-glass-fiber core. Utilities traditionally use two types of cables: copper and aluminum with a steel core. CTC’s composite-core cable, says the company, carries twice the power of traditional aluminum cables and is 25% stronger… It’s also cheaper — $90,000 a mile rather than $550,000. The savings hinge on not having to construct new steel towers to carry the weight of additional aluminum cables to meet demand.”
Benton Wilcoxon, CTC Chairman and CEO said, “Our Aluminum Conductor Composite Core (ACCC) cable is minimally affected by high electric loads (temperatures) resulting in substantially less line sag (approximately 90% less). This increases a utility’s ability to deliver greater capacity using ACCC cables on existing structures and provides an overall increase in energy efficiency and reliability.”
CTC is an Irvine, CA-based company providing high performance advanced composite core conductor cables for electric transmission and distribution lines. The proprietary new ACCC cable transmits two times more power than comparably sized conventional cables in use today. ACCC can solve high-temperature line sag problems, create energy savings through less line losses, has significantly lower corona and reduced electromagnetic fields, and can easily be retrofitted on existing towers to upgrade energy throughput.
ACCC cables allow transmission owners, utility companies, and power producers to easily replace transmission lines without modification to the towers using standard installation techniques and equipment, thereby avoiding the deployment of new towers and establishment of new rights-of-way that are costly, time consuming, controversial and may impact the environment. CTC has established strategic relationships with existing cable manufacturers to rapidly expand production and facilitate deployment to end users worldwide.