SOURCE: Composite Technology Corporation

March 11, 2008 08:00 ET

Composite Technology's DeWind Announces Comissioning of First D8.2 Turbine in U.S.

2 Megawatt Turbine in Sweetwater Texas Comes On-line

IRVINE, CA--(Marketwire - March 11, 2008) - Composite Technology Corporation (CTC) (OTCBB: CPTC) announced today that its subsidiary DeWind has completed the commissioning of the 2 megawatt D8.2 turbine erected at its Sweetwater, Texas, demonstration site. All mechanical commissioning is complete and the turbine is synchronized with the local power grid. Power is being delivered to the grid for test purposes as part of the optimization process for the turbine which will occur over the next few weeks. Once complete, power curve certification will take place.

Benton Wilcoxon, CEO of CTC, stated, "We are very happy to see our first 60Hz D8.2 has completed commissioning and is delivering power, which represents a major milestone for DeWind. Our customers in 60 Hz markets have been waiting to see an installed D8.2 produce power and synchronize with a 60Hz grid. We have accomplished both goals and have successfully demonstrated the transition from 50Hz to a 60Hz turbine. I am very proud of the hard work our team put forth to position our turbine for the North American market."

DeWind already operates a test site in Cuxhaven, Germany, for the demonstration of 50Hz versions of the D8.2 turbine. The Cuxhaven site has successfully been in operation for over one year with excellent results. The D8.2 turbine incorporates the Voith WinDrive® a hydrodynamic torque converter that allows constant output speed to the generator and synchronous power generation. The U.S. turbine will produce power for the Texas State Technical College, and in an agreement with the college the turbine will become a platform for expanding Wind Technician training programs. The demonstration site is located on land owned by the City of Sweetwater, Texas.

About CTC:

Composite Technology Corporation, based in Irvine, California, USA develops, manufactures and sells innovative high performance electrical transmission and renewable energy generation products through its subsidiaries:

--  DeWind Inc. designs, produces, and sells the DeWind series of wind
    energy turbines, including the new 2 megawatt (MW) D8.2 model available in
    both 50Hz and 60Hz; the 2MW D8 model in 50Hz; and the 1.25MW D6 model in
    50Hz. The new D8.2 has been operating since early 2007 at Cuxhaven,
    Germany, and utilizes the advanced WinDrive® hydrodynamic torque
    converter developed by Voith AG with a synchronous AC generator connected
    directly to the grid at high voltage without the use of power conversion
    electronics. The first 60Hz D8.2 is now installed at a site in Sweetwater,
    Texas, where it will be initially be used for demonstration to North
    American customers. DeWind D8.2 turbines are now assembled at TECO
    Westinghouse Motor Company in Texas for our North and South American
    customers.
    
--  CTC Cable Corporation produces composite rod for use in its patented
    ACCC (Aluminum Conductor Composite Core) conductors, which are "high
    efficiency conductors" for use in electrical transmission grid systems.
    ACCC conductors demonstrate less electricity line losses when compared with
    conventional conductors and when deployed in place of conventional
    conductors on existing systems, the higher efficiency of ACCC conductors
    enables power generators to reduce the amount of power they must generate
    while still delivering the same power to the customers.  They have also
    demonstrated significant savings in upgrade capital costs and operating
    expenses when substituted in grid systems for other conductors. ACCC
    conductors enable grid operators to reduce blackouts and brownouts,
    providing a 'reserve electrical capacity' by operating at higher
    temperatures without significant thermal sag of the lines. 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.
    

For further information visit our website: www.compositetechcorp.com. Investor Relations Contact: 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, 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 their 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, 2007 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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