SOURCE: Composite Technology Corporation

December 03, 2007 08:10 ET

Composite Technology's DeWind Tests D8.2 Turbine at National Renewable Energy Laboratory

IRVINE, CA--(Marketwire - December 3, 2007) - Composite Technology Corporation (CTC) (OTCBB: CPTC) today announces that its DeWind subsidiary has successfully connected the first 60 Hz version of their D8.2 wind turbine to the grid and shortly thereafter generated 2 megawatts of rated power for a number of hours. This is part of an ongoing effort, in collaboration with the U.S. Department of Energy's National Renewable Energy Laboratory (NREL), to confirm the functionality and characterize the turbine in order to ensure a successful entry into the North American marketplace. The next step, following completion of the test plan, is to move the nacelle from the dynamometer in Colorado to the prototype site in Sweetwater, Texas, where it scheduled to be placed on top of an 80m tower in mid-December and undergo field performance verification testing.

"We are pleased to see how smoothly the testing has gone so far and appreciate having access to the NREL dynamometer test facility in order to efficiently verify the turbine's capabilities," stated Benton Wilcoxon, Chairman and CEO of CTC. "We are delighted to see it breeze through these tests and generate high quality 60 Hz power, without any major hiccups," he added.

"NREL's goal is to help industry partners, such as DeWind, test innovative turbine designs using its dynamometer facility," said Hal Link, manager of NREL's 2.5MW Dynamometer test facility. "We can test the turbine's large-scale components in a controlled environment and provide our partners with critical information about their designs."

About NREL:

The U.S. Department of Energy's National Renewable Energy Laboratory (NREL), headquartered in Golden CO, is the nation's primary laboratory for renewable energy and energy efficiency research and development. NREL operates the National Wind Technology Center (NWTC), which has a range of test facilities and staff dedicated to assisting U.S. industry in developing cost-effective, high performance wind turbine technology. NWTC is located at the base of the foothills just south of Boulder, CO, and has been the nation's premier wind energy technology research facility since it was built in 1993.

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 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, which has been operating since early 2007 at Cuxhaven,
    Germany, 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. Preparations are being completed for a 60Hz version
    to be installed in Sweetwater, Texas, for certification to US standards.
    Commercial D8.2 turbines will be assembled at TECO Westinghouse Motor
    Company in Texas, which will supply turbines in 2008 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. When deployed in place of conventional conductors
    on existing systems, the higher efficiency of ACCC conductors enable 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 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

For further information visit our website: 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 (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 further information visit our website:

    Investor Relations Contact:
    James Carswell