Korean Government Research Institute chooses Nexans for the supply of HTS Wire

Paris, October 25, 2001 - Nexans, the worldwide leader in the cable industry, has signed an agreement with the Korean Electrotechnology Research Institute (KERI) for the supply of high temperature superconducting (HTS) wire. The agreement between Nexans and KERI is part of the research activities undertaken within the framework of the 21st Century Frontier Research and Development Project sponsored by the Korean Ministry of Science and Technology.

The Ministry of Science and Technology is planning to invest 85 million euros for superconductivity-related applications in the coming 10 years.

Nexans' Korean subsidiary will manufacture the high strength HTS wire which can carry 100 times more current than a conventional copper wire with the same cross section. This HTS wire is expected to be used in various industrial applications such as superconducting cables, transformers, motors and fault current limiters.

In Korea, Nexans has been involved since 1997 in superconductivity projects carried out in partnership with the KERI and the Massachusetts Institute of Technology (USA).

Mr Lee Jong-Gun, Vice-President of Nexans Korea, said "We are delighted to play such a major part in this national project. HTS wire, with its greater efficiency, will contribute to boosting economic growth in Korea."

Your Contact

Nicolas ARCILLA-BORRAZ Communication Department
Phone +33 (0)1 73 23 84 12
nicolas.arcillaborraz@nexans.com
Michel Gédéon Investor Relations
Phone +33 (0)1 73 23 85 31
michel.gedeon@nexans.com

About Nexans

Formed from Alcatel Cables and Components, Nexans is a worldwide leader in the cable industry. Nexans product portfolio includes an extensive range of cables and systems. Nexans solutions can be found in every area of people's lives, from telecommunications and energy networks, to aeronautics aerospace, automobile, building, petrochemical and medical applications. Operating in 20 countries, Nexans employs 19,000 people and had sales in 2000 of euros 4.8 billion. More information on www.nexans.com

About KERI

Korea Electrotechnology Research Institute is one of the major national research institutes supported by Korean government. With more than 20 years of experiences, KERI conducts a wide spectrum of research and development programs including electric power supply, energy efficiency, environmental protection, electrophysics, power apparatus, superconductivity, power-line telecommunication, advanced materials and so on.