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

To: Skywatcher who wrote (99)	12/18/2006 10:18:13 AM
From: caly	Respond to of 203

Composite Technology Announces New ACCC Cable Sale For China's Electrical Grid Monday December 18, 8:05 am ET Order Highlights Growing Acceptance in Chinese Market IRVINE, Calif., Dec. 18 /PRNewswire-FirstCall/ -- Composite Technology Corporation (CTC) (OTC Bulletin Board: CPTC - News) is pleased to announce a new order for 282 kilometers of ACCC Conductor destined for the Chinese electrical grid. The order issued to our subsidiary, CTC Cable Corporation, by Far East Composite Technology Company, a subsidiary of Jiangsu New Far East Cable Corporation, is valued in excess of $4.1 million and calls for delivery in the first quarter of 2007. This purchase order, consisting of two sizes of ACCC conductor with connecting hardware, represents the first transaction called for under the terms of a newly signed Memorandum of Understanding which contemplates the signing of a multi-year year contract, wherein the first year's purchases require a minimum purchase of 600 kilometers of ACCC per quarter for distribution in China. The minimum quarterly purchases are to escalate after the first year. The composite core for this order will be manufactured in CTC Cable's ISO9001:2000 certified facility in Irvine, California and aluminum stranding will take place at one of CTC's certified suppliers. "This order once again underscores the commitment of CTC and Far East to serve the rapidly growing electrical infrastructure needs in China to increase grid capacity. Chinese utilities have been quick to recognize the exceptional performance of our ACCC conductor and they represent our fastest growing customer base," stated Benton Wilcoxon, Chairman and CEO of Composite Technology Corporation. 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 subsidiaries: -- CTC Cable Corporation produces composite rod for use in its proprietary ACCC aluminum conductor composite core. ACCC conductors virtually eliminate 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 innovative 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. -- DeWind, Inc., and DeWind Ltd (formerly EU Energy Ltd), produce, sell, and license 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 first new 2MW D8.2 turbines are planned to be delivered to North American customers from assembly operations at TECO Westinghouse in Texas and in Germany. 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. The DeWind D8.2 will be available in both a 60Hz and 50Hz version.