Composite Technology Receives Orders for Turbines and Components
Thursday July 13, 8:10 am ET
IRVINE, Calif., July 13 /PRNewswire-FirstCall/ -- Composite Technology Corporation (CTC) (OTC Bulletin Board: CPTC - News) is pleased to announce the receipt of orders from Shanghai Electric Group for the delivery of three assembled and two unassembled DeWind 1.25 megawatt D6 wind turbines and orders for various components required to assemble additional D6 turbines. Three D6 turbines are ready for immediate shipping. The aggregate amount of these orders is euro 12.6 million ($16 million). Shanghai Electric Group holds a license to manufacture and sell D6 turbines in China and these orders for turbine components represent an important step in the organization of production at their facilities.
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 principal subsidiaries:
* CTC Cable Corporation produces composite rod for use in its proprietary
ACCC aluminum conductor composite core. ACCC conductor virtually
eliminates 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 eliminate blackouts and brownouts, providing a 'reserve
electrical capacity' by operating at higher temperatures. ACCC
conductors are an excellent 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.
* EU Energy Ltd produces, sells, and licenses the DeWind series of wind
energy turbines including the 50Hz D6 rated at 1.25 megawatts (MW) and
the 50Hz D8 rated at 2MW, both noted for their reliability. In 2007,
the new 2MW D8.2 is planned to be delivered to North American customers.
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 without the use of power conversion
electronics. A 50Hz version of the D8.2 will be introduced as the D8.1.
For further information visit our websites: www.compositetechcorp.com & www.eunrg.com |
