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Microcap & Penny Stocks : Composite Technology (CPTC)
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To: hotelonthemoon who wrote (77)7/31/2006 12:16:39 PM
From: Skywatcher   of 203
 
Composite Technology's EU Energy Signs Turbine Reservation Agreement
Monday July 31, 10:39 am ET

IRVINE, Calif., July 31 /PRNewswire-FirstCall/ -- Composite Technology Corporation (CTC) (OTC Bulletin Board: CPTC - News) is pleased to announce that its EU Energy subsidiary signed a Turbine Reservation Agreement ("Reservation Agreement") with Energy Logics, Inc. ("ELI") for 50 DeWind D8.2 wind turbine generators for delivery in 2008.

In accordance with the terms of the Reservation Agreement, EU Energy agrees to reserve production of its DeWind D8.2 turbines for the above deliveries provided that ELI shall pay down payments in October 2006, April 2007 and July 2007 totaling in aggregate 15% of the purchase price.

The DeWind D8.2 wind turbine generator is rated to produce two megawatts of electricity using a power industry standard 4 pole brushless synchronous generator running at a constant 1800 rpm with a direct output of 13.8 kilovolts. The generator is rated 2.2 megawatts at 0.9pf to allow for excellent transient behavior during grid disturbances and meets the latest grid standards. A Voith WinDrive® hydrodynamic torque converter is used to supply a constant speed to the generator enabling direct connection to the grid without the need for power electronics conversion.
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