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CTC Finalises Agreement with Electricité de France

01 July 2005

Composite Technology Corporation (CTC), developer of high-performance composite core cables for electric transmission and distribution lines, has finalised a services agreement with Electricité de France, the world's largest power utility.

Under the terms of the agreement, Electricité de France ('EDF') will provide assistance and expertise to CTC for customer business development and engineering initiatives for its family of ACCC products and services applicable to the global electric utility industry.

CTC claim that investment in electricity transmission and distribution by utilities has not kept pace with demands, creating major blackouts worldwide. In the U.S. for example, power outages and line congestion cost the economy billions of dollars annually, and according to the Electric Power Research Institute have in some years exceeded $100 billion.

"We are delighted to have established an agreement with the worldwide industry leader, Electricité de France. The agreement represents a significant opportunity for CTC to leverage EDF's global reach of 24 countries with 47 million customers," stated Benton Wilcoxon, CTC Chairman and CEO. "Consumers and businesses increasingly rely upon technologies that use more electricity, which have substantially accelerated the need for reliable power."

CTC claim that transmission conductors with composite cores, as apposed to steel cores, have greater current carrying capacity, allowing more power to flow in existing rights-of way. CTC's ACCC (Aluminum Conductor Composite Core) cable can double the current carrying capacity over existing transmission and distribution cable and can dramatically increase system reliability by virtually eliminating high- temperature sag, thereby offer significant benefits to electric utility companies and ultimately to their industrial, commercial and residential customers, according to CTC.

CTC’s literature for the novel proprietary ACCC states that the cable is superior to existing conventional conductor products of the same diameter in a number of key performance areas, including:
Up to double the current carrying capacity of conventional cables
Virtually eliminates high-temperature sag
Uses conventional installation methods and tools
Reduces construction costs on new lines by requiring fewer structures
May be retrofitted on existing structures to increase current capacity
Non-corrosive core; no bi-metallic corrosion
Reduces line losses compared to same diameter conventional cables at same temperatures

Rodolphe Poiroux, Senior Vice President at Electricité de France, said, "We are pleased to be working with CTC, which has made significant advancements in cable technology that increase capacity and reliability while reducing power generation and transmission costs. CTC's composite core utility cable and supporting technology is the necessary link to making the world's grid operations meet today's growing demand for energy."