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Composite Technology Announces Production Expansion
Composite Technology Announces Production Expansion
CTC Cable Expands Composite Core Production Capacity

Composite Technology Corporation (CTC) (OTCBB: CPTC) is pleased to announce its subsidiary, CTC Cable Corporation, has
expanded its composite ACCC* core production capacity to meet increasing
demand for ACCC conductors. The Irvine, California, facility has
completed an expansion of its core manufacturing area with the addition of
over 9,200 square feet of processing space.
CTC Cable is now placing the pultrusion production lines in the area, which
upon full population of the floor will expand the production capacity of
the facility for ACCC core by over 250%, from its current capacity of 5,200
kilometers per year to over 18,000 kilometers per year. CTC Cable
manufactures its own custom pultrusion machines in a separate area of the
Irvine facility and plans to place 10 machines in the new production area
during the next 3 months.
"Over the last year it became increasingly evident we needed to add
capacity. This expansion will be a great benefit to CTC Cable and our
customers, since we will be able to shorten production times and take
advantage of market opportunities," stated Marv Sepe, COO of CTC and
President of CTC Cable.
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:
-- 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 core is
delivered to qualified conductor manufacturers worldwide for local ACCC
conductor production and resale into local markets.
-- 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 60Hz and 50Hz; 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 in combination with a synchronous AC
generator with high voltage output that is connected directly to the grid
without the use of power conversion electronics. The first 60Hz D8.2 is now
operating at Sweetwater, Texas, where it will initially be used for
demonstration to North American customers. DeWind D8.2 turbines are now
being assembled at TECO Westinghouse Motor Co., in Texas for our North and
South American customers.
*ACCC is a trademark of CTC Cable Corporation
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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Tags: ,EnergyandUtilities:Equipment;EnergyandUtilities:AlternativeEnergy;EnergyandUtilities:Utilities;Environment:NaturalResourceManagement;,OTCBULLB,OTCBULLB,CA,IRVINE, CA
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