IRVINE, Calif., March 1 /PRNewswire-FirstCall/ -- Composite Technology
Corporation (OTC Bulletin Board: CPTC) (CTC) has announced today that the
company will present at the third Global Clean Technology Conference hosted
by Jefferies & Company, Inc., on May 2 at the Mandarin Oriental Hotel in
New York.
Benton Wilcoxon, CEO stated, "We look forward to increasing investor
and public awareness of our company and its novel contributions to energy
savings in transmission lines and next generation wind turbines. This will
be the first of many, industry specific conferences we will be presenting
at this year."
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:
* 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 economical 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.
* 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(R) 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.
For further information visit our websites:
http://www.compositetechcorp.com & http://www.eunrg.com
For Investor Relations Contact: James Carswell, +1-949-428-8500
This press release may contain forward-looking statements, as defined
in the Securities Reform Act of 1995 (the "Reform Act"). The safe harbor
for forward-looking statements provided to companies by the Reform Act does
not apply to Composite Technology Corporation (Company). However, actual
events or results may differ from the Company's expectations on a negative
or positive basis and are subject to a number of known and unknown risks
and uncertainties including, but not limited to, competition with larger
companies, development of and demand for a new technology, risks associated
with a startup company, risks associated with international transactions,
the ability of the company to convert quotations and framework agreements
into firm orders, general economic conditions, the availability of funds
for capital expenditure by customers, availability of timely financing,
cash flow, securing sufficient quantities of essential raw materials,
timely delivery by suppliers, ability to produce the turbines and acquire
its components, ability to maintain quality control, collection-related and
currency risks from international transactions, the successful outcome of
joint venture negotiations, or the Company's ability to manage growth.
Other risk factors attributable to the Company's business may affect the
actual results achieved by the Company including those that are found in
the Company's Annual Report filed with the SEC on Form 10-K for fiscal year
ended September 30, 2006 and subsequent Quarterly Reports on Form 10-Q and
subsequent Current Reports filed on Form 8-K that will be included with or
prior to the filing of the Company's next Quarterly or Annual Report.
SOURCE Composite Technology Corporation
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Related links:
http://www.eunrg.com
http://www.compositetechcorp.com
CONTACT:
James Carswell, Investor Relations of
Composite Technology Corporation, +1-949-428-8500
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