Composite Technology Corporation (CPTC.OB) Announces New Orders
Composite Technology Corporation (CTC) (OTCBB: CPTC) recently announced that it has new orders for 460 kilometers (286 miles) of ACCC™ conductor to be used on the Chinese electrical grid. The order was issued through the company's subsidiary, CTC Cable Corporation, by Far East Composite Technology Company, a subsidiary of Jiangsu New Far East Cable Corporation. The order is valued at approximately $3.1 million. The ACCC™ conductor is made up of multiple core sizes with associated hardware for several installations including sites in Jiang Xi Province and Nanjing City. A three year distribution agreement was made between CTC Cable and Far…