Composite Technology to Host Conference Call to Discuss Fourth Quarter and
Year-End 2010 Results
IRVINE, CA, Dec 14, 2010 (MARKETWIRE via COMTEX) -- Composite Technology
Corporation (CTC) (CPTC) announced today that management plans to host a
conference call on Wednesday, December 15, 2010, at 3:00 PM Pacific time (6:00 PM
Eastern time) to discuss results for the Fourth Quarter and Year-End 2010 which
ended on September 30, 2010. Analysts and institutional investors may participate
by calling 1-877-317-6789, or internationally by dialing +1-412-317-6789.
A live audio webcast will be available at viavid.net
and the broadcast will be archived and available for replay for one year. CTC
expects to file its Form 10-K with the Securities and Exchange Commission for the
year ended September 30, 2010 on December 14, 2010.
About CTC: Composite Technology Corporation's patented ACCC(R) conductor
technology enables superior performance of high voltage transmission and
distribution electrical grids. ACCC conductors use CTC's proven carbon fiber core
which is produced by its subsidiary, CTC Cable Corporation, at its Irvine,
California headquarters and delivered to qualified conductor manufacturers who
produce and distribute ACCC conductors to operators of electrical grids
worldwide. CTC's conductor technology significantly reduces thermal line sag and
can replace similar diameter and weight traditional conductors with its higher
capacity and more energy efficient ACCC conductor. It is an ideal conductor for
both upgrading existing power lines as well as building new lines since the
technology allows for the reduction of the number of support structures and/or a
reduction of their height. Since its commercial introduction in 2005, ACCC
conductor has been selected for over 6,000 miles (over 9,700 kilometers) of
projects in all environmental and operating conditions, including severe heat and
ice environments, long span applications and high capacity corridors for the
modern grid. ACCC(R) is a registered trademark of CTC Cable Corporation.
For further information, visit our website: compositetechcorp.com or
contact Investor Relations, James Carswell, +1-949-428-8500.
This press release may contain forward-looking statements, as defined in the
Securities Reform Act of 1995 (the "Reform Act"). The safe harbor for
forward-looking statements provided to companies by the Reform Act does not apply
to Composite Technology Corporation (the "Company"). However, actual events or
results may differ from the Company's expectations on a negative or positive
basis and are subject to a number of known and unknown risks and uncertainties
including, but not limited to, resolution of pending and threatened litigation
matters involving CTC or its subsidiaries, resolution of disputes with CTC's or
subsidiaries' creditors competition with larger companies, development of and
demand for a new technology, general economic conditions, the availability of
funds for capital expenditure and financing in general by us and our customers,
availability of timely financing, cash flow, securing sufficient quantities of
essential raw materials, timely delivery by suppliers, ability to maintain
quality control, collection-related and currency risks from international
transactions, the successful outcome of joint venture negotiations, or the
Company's ability to manage growth. Other risk factors attributable to the
Company's business may affect the actual results achieved by the Company,
including those that are found in the Company's Annual Report filed with the SEC
on Form 10-K for fiscal year ended September 30, 2009 and subsequent Quarterly
Reports on Form 10-Q and subsequent Current Reports filed on Form 8-K that will
be included with or prior to the filing of the Company's next Quarterly or Annual
Report.
Investor Relations
James Carswell
+1-949-428-8500 |
