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Microcap & Penny Stocks : Composite Technology (CPTC) -- Ignore unavailable to you. Want to Upgrade?

To: Savant who wrote (39)	4/6/2006 12:17:23 PM
From: Skywatcher	Respond to of 203

Composite Technology Reports EU Energy Announces Additional $365 Million Turbine Frame Agreement Thursday April 6, 8:00 am ET IRVINE, Calif., April 6 /PRNewswire-FirstCall/ -- Composite Technology Corporation (CTC) (OTC Bulletin Board: CPTC - News) announced today that its planned acquisition target, EU Energy plc (EU Energy), has concluded and announced a frame agreement with Midwest Wind Energy Finance LLC (MWEF) to supply 170 DeWind 2 megawatt 60 Hz D8.2 wind energy turbines. The turbines are destined for Midwest projects over the next 6 years, with the first 20 turbines to be delivered in 2007 and an additional thirty per year over the following 5 years. ADVERTISEMENT The frame agreement, valued at approximately $365 million, brings current EU Energy backorders for D8.2 turbines to approximately $2.36 billion for delivery through 2012. Subject to complying with securities laws and regulations, shareholder approvals and related diligence, CTC anticipates closing its acquisition of EU Energy in the second quarter of this year. EU Energy reported: "We are pleased to enter into a long-term partnership with EU Energy," stated MWEF President, Ken Valley. "Their recognition of and responsiveness to the needs of smaller projects, as well as their leading technical capabilities, were key factors in our decision to use the DeWind turbines. Also, having EU Energy as one of our major suppliers guarantees that turbines are available for our community-based projects and gets them completed sooner. Furthermore, it keeps smaller projects competitive since the DeWind cost-saving turbine design produces energy at a lower cost per MW. All of this makes our agreement with EU Energy an exceptional opportunity for land owners, developers and municipalities throughout the Midwest and the country." CTC's Chairman and CEO, Benton Wilcoxon stated, "This development further emphasizes the strong demand for clean wind powered energy in the electricity generation market, in particular EU Energy's new DeWind D8.2 based upon the highly reliable design of the D8 model and the Voith WinDrive torque converter with a synchronous generator connected directly to the grid. We very much look forward to being a leader in providing North America the means for converting a large portion of its electricity production to renewable sources." EU Energy reported: Midwest Wind Energy Finance LLC is a specialty finance firm headquartered in Minneapolis that provides hard-to-find equity and financing for small-scale ($2 million - $50 million) renewable energy projects. Along with its partners, MWEF provides the capital that enables projects to progress from various development stages to production. MWEF's goal is to help ensure the majority of investment dollars remain in the local communities. Currently, MWEF has a number of projects in various stages throughout farming communities in the Midwest and the country.

To: Savant who wrote (39)	4/6/2006 12:18:12 PM
From: Skywatcher	Respond to of 203

we're up ONE CENT...still waiting...getting impatient with line sales...the other stuff is too far away for stock reaction with all the new money they've taken in

To: Savant who wrote (39)	4/11/2006 1:06:53 PM
From: Skywatcher	Respond to of 203

finally a shipment... Composite Technology Ships ACCC Order to China Tuesday April 11, 8:00 am ET ACCC to Bolster Grid Reliability and Enhance Power Flows in China IRVINE, Calif., April 11 /PRNewswire-FirstCall/ -- Composite Technology Corporation (CTC) (OTC Bulletin Board: CPTC - News) announced today that the second half of a $1.1 million order placed in January by one of China's leading cable manufacturers, Jiangsu Far East Group Limited, was shipped Sunday from the Port of Long Beach, California by CTC. ADVERTISEMENT These ACCC conductors are destined for two high voltage transmission projects in China. The order placed by Jiangsu Far East Group for delivery to Xiamen and Fuzhou Power Bureaus is comprised of 30 kilometers of CTC's 1020 kcmil ACCC Drake conductor and 30 kilometers of CTC's 816 kcmil ACCC Grosbeak conductor, along with associated hardware. One of the conductors will be deployed for a new transmission line; and the other will be used as a replacement and ampacity upgrade to an existing line. The initial shipment is scheduled for installation in approximately two weeks with the remainder to be operational later in the month of May. Upon successful completion, Fujian Province has indicated that it intends to purchase ACCC for their new transmission corridors as well as reconductor replacements, according to Mr. Jiang Xi Pei, Chairman and CEO of Jiangsu Far East Group Limited. CTC has responded to this and other market signals by increasing its production capacity with new pultrusion machines. These machines have been designed and built in-house, which effectively doubles the company's production capacity. CTC has also completed a comprehensive review of its manufacturing systems and operational protocols with an eye toward ISO (International Organization for Standardization) certification later in the year. "Now that our ACCC conductor has been shipped for these projects, we look forward to working with our Chinese colleagues to further provide the region with the most cost effective grid solution to address their rapidly expanding market," said Benton Wilcoxon, CEO of Composite Technology Corporation. "With our first commercial order to China now complete, we anticipate rapid growth once our ACCC lines are energized."