Composite Technology Announces Correction Regarding Press Release of Sales to Indonesia
IRVINE, Calif., June 30, 2011 /PRNewswire/ — Composite Technology Corporation (CTC) (OTC Bulletin Board:CPTCQ.ob – News) announced yesterday that its subsidiary, CTC Cable Corporation had made two sales of ACCC® core to PT KMI Wire and Cable Tbk (KMI). The first order for the Pangkalan Brandan- Langsa project totaled 241 kilometers of ACCC®core, not 141 kilometers. The second order for the Mranggen Incomer line was reported accurately at 108 kilometers. These two orders totaling 349 kilometers of ACCC® core are for manufacture of ACCC® conductor and scheduled for delivery and installation this year.
The completion of these two projects will total eight ACCC® conductor installations on the Indonesian grid, not five as reported yesterday. PT. PLN (Persero), the sole provider of electricity in Indonesia, selected ACCC® technology due to its superior overall performance in terms of capacity, sag and losses.
CTC Cable is the major global supplier of composite core conductor with over 10,000 kilometers (6,214 miles) of conductor ordered for over 160 commercial deployments on transmission and distribution lines.
About PT KMI Wire and Cable Tbk:
PT KMI Wire and Cable Tbk, formerly known as PT GT Kabel Indonesia Tbk, is a public-listed Indonesian cable manufacturer, situated in Eastern Jakarta and employs more than 700 people. It was established in 1972 as PT Kabelmetal Indonesia by Kable-und-Metallwerke Guetehoffnungshuette AG of Germany. The Company’s products include aluminum and copper rods, both non-insulated and insulated aluminum and copper electrical cables, as well as control, flexible and instrument cables. It sells its products to both domestic and international markets. Certificates of ISO 9001, ISO 14001, as well as OHSAS 18001, which are attributed to the company, keep the company in consistent effort of being a high-class cable manufacturer. For further information on the company, visit www.kmi.co.id
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