USPTO Grants Mercury Cable & Energy's Petition for Reexamination of Composite Technology Corporation's '162' and '319' Patents for Composite ACCC Core

Tue. August 25, 2009; Posted: 11:42 AM

DANA POINT, Calif., Aug 25, 2009 (BUSINESS WIRE) -- CPTC | Quote | Chart | News | PowerRating -- Mercury Cable and Energy ("Mercury") is pleased to announce that the United States Patent and Trademark Office ("USPTO") has granted its Request for Ex Parte Reexamination of Composite Technology Corporation's (OTCBB:CPTC.OB) ACCC patents for bare overhead transmission wire (U.S. Patent No. 7,368,162 (Patent "162") and U.S. Patent No. 7,211,319 (Patent "319"). In the USPTO Order granting Reexamination dated August 17, 2009, the Patent Examiner stated "It is agreed that newly cited [prior art] raises a substantial new question of patentability" regarding the '162 and '319 Patents.

According to statistics provided by the USPTO, seventy five percent of reexamined patents are either invalidated or one or more claims are rejected. Additionally, according to USPTO statistics, the reexamination process generally takes between 24 and 48 months.

Prior to the USPTO action the Federal Court granted Mercury's request to stay patent infringement proceedings between Composite Technology Corporation and Mercury Cable & Energy (Case number SACV 09-261) pending USPTO review of the '162 and '319 patents.

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

SOURCE: Mercury Cable & Energy

Mercury Cable & Energy 
Todd Harris, President 
949.276.5375 
tharris@mercurycable.com

For full details for CPTC click here.

More News: Market Updates | Stock Alerts | All Trading News | Stock Index

Archives

Feedback

Email Article Link

Close X

RELATED SITES

Please call 1-213-955-5858 ext. 1

Tax Relief Bank Levy Wage Garnishment

Disclaimer:

The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.

The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302

All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.