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Press Release Source: Composite Technology Corporation
Composite Technology Announces ACCC Cable Sale to Mohave Electric
Monday December 4, 8:05 am ET
IRVINE, Calif., Dec. 4 /PRNewswire-FirstCall/ -- Composite Technology Corporation (CTC) (OTC Bulletin Board: CPTC - News) is pleased to announce the sale of 25 miles of ACCC conductor to Mohave Electric Cooperative based in Bullhead City, Arizona. The contract value including hardware components is approximately $1 million.
Benton Wilcoxon, CEO, stated, "We expect significant increase is sales to municipalities and local electric cooperatives as increasing numbers of engineering firms become more familiar with the compelling value proposition offered by our ACCC conductor."
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 eliminate 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.
* DeWind, Inc., and EU Energy 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 2MW, both noted for their
reliability. In 2007, the first new 2MW D8.2 turbines are planned to be
delivered to North American customers from assembly operations in
Germany and the US. 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. The DeWind D8.2 will be available
in both a 60Hz and 50Hz version.
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