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Microcap & Penny Stocks : Composite Technology (CPTC)

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To: caly who wrote (105)1/16/2007 2:26:18 PM
From: Skywatcher  Read Replies (1) of 203
 
Composite Technology's DeWind Announces Sale of 9 Turbines
Tuesday January 16, 8:05 am ET
Seven Model D6 and Two Model D8 Turbines for Project in Czech Republic

IRVINE, Calif., Jan. 16 /PRNewswire-FirstCall/ -- Composite Technology Corporation (CTC) (OTC Bulletin Board: CPTC - News) 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."
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