Mercury Cable Provides Update on Patent Re-Examination and Litigation with Composite Technology Corporation

Mercury Cable & Energy, Inc. (‘Mercury Cable’), the leading developer of High Voltage Composite Reinforced Conductors (‘HVCRC’) for electrical transmission lines, is pleased to announce that based upon an extensive legal review by Mercury’s patent counsel of the reexamination request filed by CTC Cable Corporation (“CTC”) (OTCBB:CPTC.OB)and the initial office action issued by the U.S. Patent and Trademark Office (“USPTO”), it is our opinion that reexamination proceedings will result in the confirmation of the patentability of the claims of U.S. Pat. No. 7,705,242 (the ‘242 patent). Additionally, Mercury is pleased to report that the U.S. District Court has denied the motion of CTC to amend its complaint against Mercury citing “CTC’s dilatory motive and bad faith”. The ruling of the District Court is more fully explained below.

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