LS Cable & System and Mercury Cable & Energy Announce Global Agreement

DANA POINT, Calif. - Tuesday, February 21st 2012 [ME NewsWire]

(BUSINESS WIRE)-- LS Cable and System ( “LS Cable”), a global leader in the wire and cable industry, and Mercury Cable & Energy (“Mercury”), the leading developer of High Voltage Composite Reinforced Conductors (“HVCRC”) for electrical transmission lines, are pleased to announce that they have signed a multi-year global agreement. Under the terms of the agreement, LS Cable will strand and sell Mercury’s HVCRC product line in Korea, Vietnam, India and other agreed upon markets around the world. Additional details will be announced in the second quarter 2012.

“With this agreement, LS Cable & System’s business portfolio will be strengthened and this will give us a new momentum for overseas market entry,” said Executive Director Jae-In Yoon of LS Cable & System’s Energy Division. “We will emphasize those countries in which we are preparing for new power network implementation and transmission capacity extension projects.”

“We are pleased to begin our relationship with LS Cable,” said Ron Morris, CEO of Mercury. “As a global leader in the manufacture of wire and cable products, LS Cable is an ideal fit for the introduction of Mercury’s HVCRC products into these markets.”

LS Cable & System is a leading wire and cable manufacturer with headquarters located in Korea. LS Cable & System has 8,500 employees and more than 100 manufacturing sites located in 24 countries around the world. LS Cable & System, founded in Korea in 1962, provides a wide range of energy and telecom cable solutions for the energy infrastructure, construction, automotive, railway, telecommunication and electronic industries... For additional information please visit the LS Cable website at www.lscns.com/.

Mercury Cable & Energy is a privately held developer of High Voltage Composite Reinforced Conductors (HVCRC), Smart Conductors for the Smart Grid. Founded in 2006, Mercury Cable specializes in HVCRC production and is now recognized among the cable industry world-wide for their advanced cable technology. 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 bimetallic corrosion
    Significantly reduces line losses compared to same diameter conventional and composite conductors at equal operating temperatures

For additional information please visit our web site at www.mercurycable.com.

Contacts

Mercury Cable & Energy

Todd Harris, President

949-276-5375

tharris@mercurycable.com



LS Cable Corporation

Yoonseok Kim

Press Relations

(02-2189-9592 / 010-7192-4046)

dukepitt@lscns.com