UtilX Saves Customers Two Billion Dollars

Date : 12/09/2011 @ 2:09PM
Source : Business Wire
Stock : Willbros Grp. (DE) (WG)
Quote : 0.8399  -0.0201 (-2.34%) @ 3:59PM
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UtilX Saves Customers Two Billion Dollars

Willbros (NYSE:WG)
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UtilX® Corporation, the global leader in life-extension technologies for power cable, is proud to announce that it has surpassed the two billion dollar mark. Two billion dollars is the estimated dollar savings UtilX’ customers have achieved over the past twenty years utilizing UtilX’ patented CableCURE® silicone injection technology to restore their aging power cables. UtilX’ customers comprise many of the best known and largest power companies; three-quarters of the top 50 power utilities (based on miles of underground cable) in the United States benefit from this technology.

In the late 1960s, electric utility companies began to bury their cables. This practice intensified throughout the 70s and 80s. Many of these cables are nearing the end of their useful life and are experiencing failures. Customer demand for reliable systems is higher than ever, requiring significant budgets to address this increasing problem. At a substantially less cost than traditional cable replacement, CableCURE injection technology has restored reliability to more than 100 million feet of cable. This proven technology allows electric utilities to improve overall cable reliability at lower cost, and UtilX backs up its service and technology with a 20-year warranty.

UtilX, a Willbros company (NYSE:WG), offers its proprietary, patented CableCURE injection service and other reliability and testing services throughout the United States and serves international customers through subsidiaries and licensees in dozens of countries on four continents. For more information on UtilX Corporation or CableCURE injection technology, please visit: www.utilx.com or call 1-800-252-0556 in the United States and (+1) 253-395-0200 from outside the U.S.

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