CTC Global Signs Contract with AEP to Deliver 1,665 Miles of ACCC Conductor for South Texas Project

CTC Global today announced a Purchase Agreement with American Electric Power (AEP) for the delivery of over 1,665 miles (~2,700 km) of ACCC® conductor to be used in the South Texas, 345 kV “Valley” reconductoring project. The line will remain energized during the reconductoring process.

The project, approved by the Electricity Reliability Council of Texas (ERCOT), includes the replacement of two existing double-bundle 345 kV circuits as well as an upgrade of substation facilities at a total cost of $225 million.

AEP selected CTC Global’s ACCC conductor to increase line capacity without impacting clearances or requiring extensive tower modifications or replacement.

Jason Huang, CEO of CTC Global, commented, “After working closely with AEP for many years, we are excited to see the large scale adoption of our ACCC conductor for such an important project. We are grateful to AEP’s staff members who have worked hard over the years to evaluate the ACCC conductor’s numerous attributes and put them to work.”

Production of ACCC conductor for the first phase has already begun. ACCC deliveries will begin in the third quarter of 2012 and continue into 2014.

About CTC Global

Headquartered in Irvine, California, CTC Global has developed and owns all rights to ACCC® technology. CTC Global provides cost-effective conductor solutions that can double the capacity for congested transmission lines, with little to no tower modifications. The energy-efficient ACCC® solution delivers more power with the least line loss. Since 2005, over 14,000 kilometers of ACCC conductor has been commercially deployed at 215 projects, worldwide. ACCC® is a registered trademark of CTC Global Corporation.

For further information, visit CTC Global’s website at www.ctcglobal.com or contact CTC Global at +1-949-428-8500.

Please visit CTC Global at booth 320 at Cigre 2012 in Paris, France from August 27 to 31.