SOURCE: Composite Technology, Inc.

July 17, 2007 09:15 ET

Composite Technology to Present on Live Broadcast on MN1

CEO to Speak About Latest Developments Within the Company

IRVINE, CA--(Marketwire - July 17, 2007) - Composite Technology Corporation (CTC) (OTCBB: CPTC) is pleased to announce that its CEO, Benton Wilcoxon, will be featured in a live interview with Market News First, an online news broadcast and research group featuring the latest opportunities within the microcap market.

The interview is scheduled for Tuesday, July 17th, 2007, at 11:00 AM EDT and will be broadcast live from Market News First's website found at www.mn1.com. This is an exciting opportunity for Mr.Wilcoxon to discuss the company's unique services, so be sure to tune in and watch him talk about the company's progress and plans for the future.

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 reduce blackouts and brownouts, providing a 'reserve
    electrical capacity' by operating at higher temperatures. ACCC conductors
    are an innovative economical 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. 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 2 MW, both noted for their reliability.  In 2007, the
    first new 2 MW D8.2 turbines are planned to be delivered to North American
    customers from assembly operations at TECO Westinghouse Motor Company in
    Texas. 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 at high voltage without the use of
    power conversion electronics. The DeWind D8.2 will be available in both a
    60Hz and 50Hz version.
    

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

About MN1.com

Market News First is an online, market news provider that brings investors current news on the market. Market News First is the only online, live IPTV web site that brings real market news to investors and features live interaction with companies from the Bulletin Board to NYSE.

Through daily, live interviews, we bring you up to date on all the established companies and inform the investors of the newest opportunities within the market. Market News First offers one-on-one interviews with the presidents and CFOs of companies to deliver answers to the questions that investors may ask and provides them insight into the companies' present condition and future plans.

Stay up to date with MN1 NewsWire "News You Can Trust" at http://www.mn1.com.

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 (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, competition with larger companies, development of and demand for a new technology, risks associated with a startup company, the ability of the company to convert quotations and framework agreements into firm orders, our customers' fulfillment of payment obligations under the respective supply agreement, our ability to deliver reliable turbines on a timely basis, general economic conditions, the availability of funds for capital expenditure by customers, availability of timely financing, cash flow, securing sufficient quantities of essential raw materials, timely delivery by suppliers, ability to produce the turbines and acquire its components, 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, 2006 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

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