Composite Technology Corp. DeWind Subsidiary Providing Wind Turbines for Projects in Czech Republic

Energy Resource, Jan 16, 2007

ENERGY RESOURCE-16 January 2007-Composite Technology Corp. DeWind Subsidiary Providing Wind Turbines for Projects in Czech Republic(C)2007 JeraOne - http://www.jeraone.com

Composite Technology Corporation today announced that its DeWind Ltd. subsidiary has received an order from S&M CZ s.r.o. to sell a total of nine DeWind turbines for approximately $14.8 million (11.5 million Euros).

The sales agreement includes two DeWind 2 megawatt D8 turbines and seven DeWind 1.25 megawatt D6 turbines for installation at three sites in the Czech Republic. The D8 turbines will be supplied from existing inventory and the D6 turbines are to be assembled. Deliveries are scheduled for 2007.

Michael Porter, president of CTC and CEO of DeWind Ltd., said, "We are back on track back in the 50 hertz market -- Europe was, is and will be one of our key markets. The demand for our turbine technology is definitely reactivated and we believe that moderate growth can be achieved in Middle and Eastern Europe."

S&M CZ s.r.o., a project development company, is located in Jevicko, Czech Republic, and has wind farm projects in Zipotin, Anenska Studanka and Ostry Kamen. Since its formation in March 2003, S&M CZ has been actively working in the Czech Republic renewable energy sector, with its first wind turbine installed in 2004.

Composite Technology Corporation, based in Irvine, Calif., develops, manufactures and sells high performance electrical transmission and renewable energy generation products through its subsidiaries, DeWind Inc., DeWind Ltd. and CTC Cable Corporation.

DeWind Inc., and DeWind Ltd. (formerly EU Energy Wind Ltd) produce, sell, and license 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. The first new 2 MW D8.2 turbines are planned to be delivered to North American customers In 2007 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 tha 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.

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.

For more information, visit www.compositetechcorp.com or www.eunrg.com.

((Comments on this story may be sent to newsdesk@scitech21.com))

((Distributed via M2 Communications Ltd - http://www.m2.com))

COPYRIGHT 2007 M2 Communications Ltd.
COPYRIGHT 2008 Gale, Cengage Learning

 

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