HOUSTON, April 9, 2014 /PRNewswire/ -- CurTran LLC today announced that it has signed its first contract for LiteWire products with Weatherford International Ltd. Per the agreement, Weatherford will use, sell, and distribute LiteWire, the first commercial scale production of a carbon nanotube technology in wire and cable form.
"Weatherford is an ideal first customer for LiteWire because the oil and gas industry is the most demanding arena for any cable product," said Gary Rome, chief executive officer and president of CurTran. "It is a long-term contract with a forecasted average value of more than $350 million per year."
Resource:
http://www.marketwatch.com/story/curtran-and-weatherford-sign-long-term-contract-for-new-litewire-nanotechnology-2014-04-09