Composite Technology Corporation (CTC) (OTCBB: CPTC) is pleased to announce a new order for its subsidiary, CTC Cable Corporation from Midal Cables Limited. The order is for ACCC® core to be stranded by Midal to produce 70 kilometers of ACCC® Drake conductor for a reconductor project of an existing 132 kV, 125 MVA per circuit ACSR Zebra conductor transmission line. This project will upgrade the line into a higher capacity 260 MVA per circuit ACCC® Drake conductor line. Installation is scheduled for September 2010.
CTC Cable's ACCC® Drake conductor was chosen for this project because it exceeded ACSR's mechanical and electrical parameters and its slightly smaller outer diameter offered better performance in wind conditions. Due to lower resistance and reduced line losses, our conductor enabled an increase in capacity without replacing existing structures. The application of ACCC® conductor in this line substantially improves the capacity and reliability of the transmission grid serving Qatar in the KAHRAMAA network.
Benton Wilcoxon, Chief Executive Officer of Composite Technology Corporation, stated, "The continued adoption of ACCC® conductors within new territories shows the effects of our new marketing strategies. We are very excited to receive this first order from the Middle East and are looking forward to further near term expansion in the region."
This entry into the Middle Eastern market is further evidence of CTC Cable's position as the leading Composite Core conductor in the electrical transmission and distribution industry. ACCC® conductor is the most broadly accepted composite core conductor technology in the industry with over 140 installations and 9,400 kilometers commercially deployed in transmission and distribution grids in the U.S., Mexico, South America, Asia and Europe.