SOURCE: Composite Technology Corporation

Composite Technology Corporation

September 15, 2010 08:05 ET

Composite Technology Announces ACCC® Conductor Type Certification in Jordan

IRVINE, CA--(Marketwire - September 15, 2010) -  Composite Technology Corporation (CTC) (OTCBB: CPTC) is pleased to announce that its CTC Cable Corporation subsidiary has received "Type Certification" for its ACCC® conductor in the Kingdom of Jordan. The National Electric Power Company (NEPCO), the Kingdom of Jordan's governmental authority which regulates the electricity sector in Jordan, issued the "Type Certification" in August 2010. Type Certification by NEPCO allows the specification of ACCC® conductor for use in electrical transmission and distribution lines in the Kingdom.

"ACCC® conductor Type Certification represents an important step towards our expansion in the Middle East," said Ebbie K. Nakhjavani, Senior Vice President Global Strategies for CTC Cable. "We are pleased to offer Jordan a cost effective solution to substantially reduce transmission line losses and significantly increase current carrying capacity within their transmission and distribution systems. We are also pleased to play a meaningful role in assisting them to achieve their goals toward becoming a green country."

About The National Electric Power Company (NEPCO):
In September 1996, the Jordan Electric Authority was converted to a public share-holding company wholly owned by the government called the National Electric Power Company (NEPCO). Currently, the total installed power generating capacity in Jordan is about 1500 MW. NEPCO also operates the bulk power network in Jordan, which is composed principally of about 2200 circuit-km of transmission lines currently operated at 132 kV and 809 circuit-km of transmission lines operated at 400 kV. NEPCO also operates the main substations to provide services to the various distribution networks, which have an aggregate capacity of about 3951.5 MVA. In addition, the Jordanian Power System is interconnected with the Egypt Power System through a 400 kV submarine cable crossing the Gulf of Aqaba in the southern part of Jordan and in the northern part of Jordan it is connected with the Syrian Power System through a 400 kV single circuit transmission line.

About CTC:
Composite Technology Corporation's patented ACCC® conductor technology enables superior performance of high voltage transmission and distribution electrical grids. ACCC® conductors use CTC's proven carbon fiber core which is produced by its subsidiary, CTC Cable Corporation, at its Irvine, California headquarters and delivered to qualified conductor manufacturers who produce and distribute ACCC® conductors to operators of electrical grids worldwide. CTC's conductor technology significantly reduces thermal line sag and can replace similar diameter and weight traditional conductors with its higher capacity and more energy efficient ACCC® conductor. It is an ideal conductor for both upgrading existing power lines as well as building new lines since the technology allows for the reduction of the number of support structures and/or a reduction of their height. Since its commercial introduction in 2005, nearly 9,000 kilometers of ACCC® conductor have been installed in all environmental and operating conditions, including severe heat and ice environments, long span applications and high capacity corridors for the modern grid. ACCC® is a registered trademark of CTC Cable Corporation.

For further information, visit our website: 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 for fiscal year ended September 30, 2009 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.

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