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Microcap & Penny Stocks : Composite Technology (CPTC)

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To: Savant who wrote (101)	3/29/2007 10:47:30 AM
From: Skywatcher	Read Replies (1) of 203

BIG ORDER Composite Technology's DeWind Announces Order for D8.2 Turbines Thursday March 29, 8:05 am ET XRG Places Order Valued in Excess of $40 Million IRVINE, Calif., March 29 /PRNewswire-FirstCall/ -- Composite Technology Corporation (CTC) (OTC Bulletin Board: CPTC - News) announced today that its subsidiary DeWind, Inc., has received an order from XRG Development Partners LLC (XRG) for the delivery and service of 18 DeWind 2 megawatt D8.2 wind turbines. The contract value is in excess of $40 million and the turbines are scheduled for delivery in late 2007 to XRG's project site in Minnesota. This is the initial order for what both companies expect to be a long term relationship for as many as 750 turbines over the next five years. ADVERTISEMENT Michael Porter, President of CTC and DeWind Inc, stated, "We are pleased that our advanced D8.2 turbine has been chosen for XRG's Minnesota site. This will be the first wind farm to use our D8.2 equipped with the Voith WinDrive® which allows high voltage power to be sent directly to the grid without the necessity for power conversion electronics. The turbines will be manufactured at the TECO Westinghouse facility in Texas." James Carkulis, Manager of XRG, said, "This is the first turbine order for what we expect to be a long-term arrangement with DeWind for the purchase of over 1500 MW of turbines for our projects through 2012."

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