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IRVINE--- Composite Technology's DeWind Announces Sale of 9 Turbines |
| 1/16/2007 @ 8:22 AM
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Composite Technology Corporation (CTC) (BULLETIN BOARD: CPTC) announced today that its subsidiary DeWind Ltd has received an order from S&M CZ s.r.o. to sell a total of 9 DeWind turbines for 11.5 million Euros (approximately $14.8 million). The Turbine Sales Agreement consists of 2 DeWind 2 megawatt D8 turbines and 7 DeWind 1.25 megawatt D6 turbines for installation at three sites in the Czech Republic. The D8 turbines are to be supplied from existing inventory and the D6 turbines are to be assembled. Turbine deliveries are scheduled for 2007.
Michael Porter, President of CTC and CEO of DeWind Ltd., stated "We are back on track back in the 50 hertz market -- Europe was, is and will be one of our key markets. The demand for our turbine technology is definitely reactivated and we believe that moderate growth can be achieved in Middle and Eastern Europe."
S&M CZ s.r.o., a project development company, is located in Jevicko, Czech Republic, and has wind farm projects in Zipotin, Anenska Studanka and Ostry Kamen. Since its formation in March 2003, S&M CZ has been actively working in the Czech Republic renewable energy sector, with its first wind turbine installed in 2004.
About CTC:
Composite Technology Corporation, based in Irvine, California, USA develops, manufactures and sells high performance electrical transmission and renewable energy generation products through its subsidiaries:
* DeWind, Inc., and DeWind Ltd. (formerly EU Energy Wind Ltd) produce, sell, and license the DeWind series of wind energy turbines including the 50Hz D6 rated at 1.25 megawatts (MW) and the 50Hz D8 rated at 2 MW, both noted for their reliability. In 2007, the first new 2 MW D8.2 turbines are planned to be delivered to North American customers from assembly operations at TECO Westinghouse Motor Company in Texas. The D8.2 utilizes the advanced WinDrive hydrodynamic torque converter developed by Voith AG with a synchronous AC generator that is able to connect directly to the grid at high voltage without the use of power conversion electronics. The DeWind D8.2 will be available in both a 60Hz and 50Hz version.
* CTC Cable Corporation produces composite rod for use in its proprietary ACCC aluminum conductor composite core. ACCC conductors virtually eliminate the sag in power lines caused by high current and high line temperatures. ACCC conductors also reduce electricity line losses, and have demonstrated significant savings in capital and operating expenses when substituted for other conductors. ACCC conductors enable grid operators to reduce blackouts and brownouts, providing a 'reserve electrical capacity' by operating at higher temperatures. ACCC conductors are an innovative solution for reconductoring power lines, constructing new lines and crossing large spans. ACCC composite rod is delivered to qualified conductor manufacturers worldwide for local ACCC conductor production and resale into local markets.
For further information visit our websites: www.compositetechcorp.com & www.eunrg.com |
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| Friday, May 16, 2008 |
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NEWPORT BEACH--- TriZetto Mourns the Passing of Board Member Tom Johnson Posted 3:43 PM PST
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| Thursday, May 15, 2008 |
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IRVINE--- IDM Pharma Announces Updated Data From Mifamurtide (L-MTP-PE) Compassionate Access Program Posted 9:00 AM PST
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| Wednesday, May 14, 2008 |
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TUSTIN--- AMDL Subsidiary Donates Pharmaceuticals in China Earthquake Relief Effort Posted 5:44 PM PST
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| Tuesday, May 13, 2008 |
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IRVINE--- Endocare to Present at Seventh Annual JMP Securities Research Conference Posted 9:45 AM PST
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| Monday, May 12, 2008 |
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IRVINE--- Cascade Healthcare Community Chooses Accenx Technologies for Information Integration Posted 5:04 PM PST
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| Friday, May 9, 2008 |
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SANTA ANA--- TTM Technologies, Inc. Prices $155 Million of 3.25% Convertible Senior Notes Posted 3:05 PM PST
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SANTA ANA--- TTM Technologies, Inc. Prices $155 Million of 3.25% Convertible Senior Notes Posted 6:17 AM PST
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| Thursday, May 8, 2008 |
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COSTA MESA--- Irvine Sensors Subsidiary Gets $6.7 Million in New Orders Posted 3:40 PM PST
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IRVINE--- Epicor Earns Sixth CRM Excellence Award Posted 8:09 AM PST
COSTA MESA--- TechVentive Cites SYSPRO Fit for Food, Medical Device Co’s Posted 8:08 AM PST
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| Wednesday, May 7, 2008 |
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IRVINE--- TDVision Systems, Inc. Expanding Into Southern California Posted 2:21 PM PST
IRVINE--- Freedom Announces Investment to Accelerate Growth Posted 2:14 PM PST
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| Tuesday, May 6, 2008 |
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IRVINE--- ISTA Pharmaceuticals to Present at the Bank of America 2008 Health Care Conference Posted 5:23 PM PST
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LAKE FOREST--- Intelsat and Panasonic to Bring Broadband Service to the Skies Posted 9:04 AM PST
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IRVINE--- WiSpry Awarded 'Product of the Year in Semiconductors' by the AeA Posted 8:33 AM PST
IRVINE--- Masimo Showcases Best-in-Class Patient Safety Solutions at the AACN Conference Posted 8:31 AM PST
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| Monday, May 5, 2008 |
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ALISO VIEJO--- Valeant Pharmaceuticals Announces Temporary Stay in Efudex Case Posted 4:16 PM PST
LAKE FOREST--- Comarco's Symphony Line of Products Awarded 'Product of the Year in Telecommunications' by AeA, the Largest High-Tech Trade Association in the U.S. Posted 6:44 AM PST
COSTA MESA--- CNS Response, Inc. Names William E. Bunney, Jr., MD to Scientific Advisory Board Posted 6:40 AM PST
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