SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Composite Technology (CPTC) -- Ignore unavailable to you. Want to Upgrade?


To: Savant who wrote (64)6/15/2006 4:27:24 PM
From: Skywatcher  Respond to of 203
 
good find!!
reloaded again...yes, once again under 1.20



To: Savant who wrote (64)7/5/2006 11:59:21 AM
From: Skywatcher  Respond to of 203
 
Composite Technology Completes Acquisition of the EU Energy Group of Wind Turbine Manufacturers
Wednesday July 5, 8:10 am ET

IRVINE, Calif., July 5 /PRNewswire-FirstCall/ -- Composite Technology Corporation (CTC) (OTC Bulletin Board: CPTC - News) is pleased to announce the completion of the acquisition of EU Energy Ltd., (formerly EU Energy plc), the owner of the EU Energy and DeWind group of companies. EU Energy was valued at $60.7 million and, by agreement with its shareholders, CTC has paid for the acquisition by issuing 39,169,670 shares of restricted common stock in exchange for the entire share capital of EU Energy taking into account the value of CTC common stock at its close on May 11, 2006.
ADVERTISEMENT


EU Energy Ltd will now operate as a wholly owned subsidiary of CTC and Mr. Michael Porter, the former CEO of EU Energy, has agreed to hold the position of President of CTC and to continue to manage the new wind division. Mr. Benton Wilcoxon remains as CTC's Chief Executive Officer and there are no changes to its Board of Directors.

With the acquisition, CTC benefits from a number of turbine reserve agreements with 5 separate North American wind farm operators signing between February and June 2006 for the acquisition of its new DeWind 2 megawatt D8.2 wind turbines, specially designed for the North American market. These agreements are for the delivery of a total of 1313 turbines through 2012 and represent anticipated revenue of $2.845 billion over the same period. Deliveries are scheduled to commence after 12 months with approximately 100 committed for delivery in 2007 and a further 50 reserved.

The D8.2 turbines will initially be assembled at the present German facilities in Lubeck with a North American assembly plant also scheduled for opening during 2007. CTC, by virtue of this acquisition, has acquired an impressive engineering team that is expected will ensure quality control and timely delivery, as well as being instrumental in organizing North American production.

CTC has also acquired non-exclusive license agreements with two companies to produce and sell the existing 1.25 megawatt D6 turbines in China and a third non-exclusive license agreement with another Chinese company to produce and sell the existing 2 megawatt D8 turbine in that market. CTC will continue negotiations based on a signed Letter of Intent regarding the creation of a joint venture to produce the D6 turbines in India.

Benton H Wilcoxon, CEO of CTC stated, "I am delighted to announce the close of this acquisition. Our entrance to the renewable energy market comes at an important time in the evolution of wind energy and with products we believe are superior in terms of reliability and performance. We believe that the combination of German technologies that make up the DeWind D8.2 series is a significant breakthrough and ushers in a new era in wind generation."

Shares of CTC common stock issued in payment for the acquisition are unregistered and therefore subject to SEC resale restrictions including Regulation S and major shareholders are additionally subject to the terms of a lock-up agreement.

Full details of the acquisition will be filed under Form 8-K with the Securities and Exchange Commission within the next four business days.



To: Savant who wrote (64)7/13/2006 11:59:18 AM
From: Skywatcher  Read Replies (1) | Respond to of 203
 
Composite Technology Receives Orders for Turbines and Components
Thursday July 13, 8:10 am ET

IRVINE, Calif., July 13 /PRNewswire-FirstCall/ -- Composite Technology Corporation (CTC) (OTC Bulletin Board: CPTC - News) is pleased to announce the receipt of orders from Shanghai Electric Group for the delivery of three assembled and two unassembled DeWind 1.25 megawatt D6 wind turbines and orders for various components required to assemble additional D6 turbines. Three D6 turbines are ready for immediate shipping. The aggregate amount of these orders is euro 12.6 million ($16 million). Shanghai Electric Group holds a license to manufacture and sell D6 turbines in China and these orders for turbine components represent an important step in the organization of production at their facilities.
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 principal subsidiaries:

* CTC Cable Corporation produces composite rod for use in its proprietary
ACCC aluminum conductor composite core. ACCC conductor virtually
eliminates 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 excellent 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.

* EU Energy Ltd produces, sells, and licenses 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 new 2MW D8.2 is planned to be delivered to North American customers.
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. A 50Hz version of the D8.2 will be introduced as the D8.1.

For further information visit our websites: www.compositetechcorp.com & www.eunrg.com