SOURCE: Composite Technology Corporation

Composite Technology Corporation

November 30, 2009 08:05 ET

Composite Technology Upgrades to ISO 9001:2008 Certification

Certifies to New International Quality Standard for Irvine, California Operations

IRVINE, CA--(Marketwire - November 30, 2009) - Composite Technology Corporation (CTC) (OTCBB: CPTC) is pleased to announce that its subsidiary CTC Cable Corporation's Irvine California manufacturing operation was recently presented with its ISO 9001:2008 certificate from Intertek, affirming that the company's Irvine California manufacturing operation adheres to the internationally recognized standard for Quality Management. CTC Cable was awarded certification to ISO 9001:2000 requirements in 2006 and has been re-certified each year since that time. The ISO 9001 standard was revised in 2008 to incorporate improvements gained from industry usage, provide greater focus on organizational compliance and bring the certification in line with the approached of other ISO specifications such as ISO 14001. CTC Cable was audited and certified to the new requirements.

Marv Sepe, President of CTC Cable stated, "CTC Cable and its dedicated employees are committed to constantly improving our global competitive position. Certification to this internationally recognized standard is an important measure of management and operational controls, as it tests CTC Cable against the same standards and controls imposed on the largest and most highly respected manufacturing companies in the world. Our certified quality system works with our integrated enterprise management system to increase operational efficiency and productivity, and ultimately provide better quality products. This is an excellent achievement that all of our employees can take pride in accomplishing."

About Intertek:

Intertek is a leading provider of quality and safety solutions serving a wide range of industries around the world. From auditing and inspection, to testing, quality assurance and certification, Intertek people are dedicated to adding value to customers' products and processes, supporting their success in the global marketplace. Intertek has the expertise, resources and global reach to support its customers through its network of more than 1,000 laboratories and offices and over 24,000 people in more than 100 countries around the world. For more information, visit www.intertek.com.

About CTC:

Composite Technology Corporation, based in Irvine, California, USA, develops, manufactures and sells innovative, high performance, energy efficient electrical transmission conductors through its subsidiary, CTC Cable Corporation. CTC Cable produces composite core rod for use in its patented high efficiency ACCC* conductors, which are used in electrical transmission and distribution grids. ACCC conductors perform with less line losses when compared to similar diameter conventional conductors and therefore enable power generators to reduce the amount of generation while still delivering the same power to customers. ACCC conductors also enable grid operators to reduce blackouts and brownouts by providing reserve electrical capacity, since they can be operated at higher temperatures without significant thermal line sag. The performance and longevity of CTC's ACCC conductor technology have been independently verified by certifying agencies, test centers and power grids around the world and have consistently demonstrated significant savings in upgrade capital costs and operating expenses when substituted for traditional conductors in reconductoring upgrades as well as new line construction. ACCC core, the key component of ACCC conductor, is produced by CTC Cable and delivered to licensed qualified conductor manufacturers worldwide for ACCC conductor production and sale into local markets. Over 8000 kilometers of ACCC conductor have been installed on five continents.

*ACCC is a trademark of CTC Cable Corporation

For further information, visit our website: www.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/A for fiscal year ended September 30, 2008 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.

Contact Information

  • Contact:
    Investor Relations
    James Carswell
    +1-949-428-8500