Mercury Cable Receives Stay of Patent Litigation with Composite Technology Corporation Pending Completion of CTC Chapter 11 Bankruptcy and Proposed Sale of Assets
Dana Point, CA, July 11, 2011 - Mercury Cable & Energy, Inc. (“Mercury Cable”), the leading developer of High Voltage Composite Reinforced Conductors (“HVCRC”) for electrical transmission lines, is pleased to provide an update regarding its litigation with CTC Cable Corporation (OTCBB:CPTCQ.OB). Mercury is pleased to report that it has settled its State court Litigation with CTC and that the U.S. District Court has ordered a stay of the Mercury/CTC Federal Court Patent Proceeding pending the outcome of the CTC Cable Corporation (OTCBB:CPTCQ.OB) Chapter 11 bankruptcy and the “proposed sale of substantially all of CTC's assets”. Mercury Cable also received notification from the United States Patent and Trademark Office (USPTO) regarding Patent 7,179,522 (‘522) owned by CTC Cable Corporation (“CTC”). In the office action the USPTO rejected claims 1-16 of the ‘522 patent.
The ‘522 USPTO filings may be viewed using application number 90,011,402 at: http://portal.uspto.gov/external/portal/pair. Additionally, according to USPTO documents a reexamination has recently been filed challenging the patentability of each of the 72 claims of CTC Cable’s 7,211,319 patent (application number 90,011,690) and each of the 83 claims of CTC Cable’s 7,368,162 patent (application number 90,011,740).
District Court filings may be viewed at: http://www.pacer.gov/ (Case No.: CV-09-261 DOC (MLGx)
CTC Bankruptcy Court filings may also be viewed at: http://www.pacer.gov/ (Case No.: 8:11-bk-15058)
Mercury Cable & Energy is a privately-held developer of High Voltage Composite Reinforced Conductors (HVCRC), Smart Conductors for the Smart Grid. The patented HVCRC Smart Conductor is superior to existing conductors in a number of key performance areas including:
- Up to double the current carrying capacity of ACSR
- Substantially reduces high‐temperature sag
- Requires fewer structures for new line construction
- Increases capacity of existing rights‐of‐way and structures through retrofitting
- Eliminates bi‐metallic corrosion
- Significantly reduces line losses compared to same‐diameter conventional and composite conductors at equal operating temperatures
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Mercury Cable & Energy