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Strategies & Market Trends : Wind Power -- Ignore unavailable to you. Want to Upgrade?

To: ~digs who wrote (215)	2/3/2008 3:41:34 PM
From: Skywatcher	Read Replies (1) \| Respond to of 230

Composite Technology's DeWind Announces Sale of 40 Turbines Thursday January 31, 8:05 am ET 80 Megawatts of Turbines for Projects in Czech Republic IRVINE, CA--(MARKET WIRE)--Jan 31, 2008 -- Composite Technology Corporation (CTC) (OTC BB:CPTC.OB - News) announced today that its subsidiary DeWind has received an order from S&M CZ s.r.o. to buy a total of 40 DeWind turbines without towers for 61,440,000 Euros (approximately $90 million). The Turbine Sales Agreement consists of 40 DeWind 2.0 megawatt D8 turbines for installation at multiple sites in the Czech Republic. The D8 turbines will be assembled at the TECO Westinghouse facility in Round Rock, Texas. Towers will be provided by the customer. The delivery schedule requires 10 turbines to be shipped in the fourth quarter of 2008 and 30 turbines delivered throughout 2009. Subject to the terms and conditions of the agreement the entire purchase price is guaranteed by the customer's bank. This is a repeat order from S&M CZ, who purchased and received two D8 turbines from DeWind in 2007 and will take delivery of seven DeWind D6 turbines in the coming weeks.