Composite Technology Announces Installation Of High Voltage Transmission Line
ACCC® Conductor Chosen for 400 kV Project in Germany
Irvine, CA--(Marketwire) - Composite Technology Corporation (CTC) (OTCBB: CPTC) is pleased to announce the completion of a 400 kV ACCC® conductor transmission line in Germany. The ACCC® 318 mm2 Oslo conductor transmission line in Hanekenfahr, Germany was completed in late 2009 and is now fully energized.
The four kilometer, double bundled 400 kV line will run at 1180 amps and is the first ACCC® conductor line to be energized by Amprion. The line served as a pilot for Amprion's personnel to become acquainted with installing CTC Cable's high efficiency ACCC® conductor and accessories and for future consideration of ACCC® conductor for high capacity, congested transmission lines.
Amprion selected ACCC® 318 mm2 Oslo conductor for this line because conventional conductors reach capacity at 80 °C, and it needed to significantly increase capacity without thermal sag. Amprion tested the ACCC® 318 mm2 Oslo conductor and found that it met Amprion's requirements for increasing capacity, with less sag at higher temperatures than conventional conductors.
Benton Wilcoxon, Chief Executive Officer of Composite Technology Corporation, commented, "We are very pleased that Amprion selected ACCC® conductor for this project and we are committed to providing Amprion with high efficiency ACCC® conductor solutions for Germany's high voltage transmission grid."
Amprion -- the strong power network:
Amprion GmbH operates Germany's longest extra-high voltage grid, with a circuit length of 11,000 km, and is an important transmission system operator in Europe. A population of over 27 million from Lower Saxony down to the Alps is supplied with power via the Amprion grid. Being an innovative service provider, Amprion provides industrial customers and network partners with the utmost security of supply. Its network, with voltage levels of 380,000 and 220,000 volts, is accessible to all players in the electricity market on a non-discriminatory basis and on competitive and transparent terms. Moreover, Amprion is responsible for coordinating the interconnected system within Germany and the Northern section of Europe's extra-high voltage network.
About CTC:
Composite Technology Corporation's patented ACCC® conductor technology enables superior performance of high voltage transmission and distribution electrical grids. ACCC® conductors use CTC's proven carbon fiber core which is produced at its Irvine, California headquarters and delivered to qualified conductor manufacturers who produce and distribute ACCC® conductors to operators of electrical grids worldwide. CTC's conductor technology significantly reduces thermal line sag and can replace similar diameter and weight traditional conductors with its higher capacity and more energy efficient ACCC® conductor. It is an ideal conductor for both upgrading existing power lines as well as building new lines since the technology allows for the reduction of the number of support structures and/or a reduction of their height. Since its commercial introduction in 2005, nearly 9,000 kilometers of ACCC® conductor have been installed in all environmental and operating conditions, including severe heat and ice environments, long span applications and high capacity corridors for the modern grid. ACCC® is a registered trademark of CTC Cable Corporation.
For further information, visit our website: www.compositetechcorp.com or contact Investor Relations, James Carswell, +1-949-428-8500.
This press release may contain forward-looking statements, as defined in the Securities Reform Act of 1995 (the "Reform Act"). The safe harbor for forward-looking statements provided to companies by the Reform Act does not apply to Composite Technology Corporation (the "Company"). However, actual events or results may differ from the Company's expectations on a negative or positive basis and are subject to a number of known and unknown risks and uncertainties including, but not limited to, resolution of pending and threatened litigation matters involving CTC or its subsidiaries, resolution of disputes with CTC's or subsidiaries' creditors competition with larger companies, development of and demand for a new technology, general economic conditions, the availability of funds for capital expenditure and financing in general by us and our customers, availability of timely financing, cash flow, securing sufficient quantities of essential raw materials, timely delivery by suppliers, ability to maintain quality control, collection-related and currency risks from international transactions, the successful outcome of joint venture negotiations, or the Company's ability to manage growth. Other risk factors attributable to the Company's business may affect the actual results achieved by the Company, including those that are found in the Company's Annual Report filed with the SEC on Form 10-K for fiscal year ended September 30, 2009 and subsequent Quarterly Reports on Form 10-Q and subsequent Current Reports filed on Form 8-K that will be included with or prior to the filing of the Company's next Quarterly or Annual Report.
SOURCE: Composite Technology Corporation