Composite Technology Announces More Conductor Orders in the U.S.

IRVINE, CA--(Marketwire - 10/21/09) - Composite Technology Corporation (CTC) (OTC.BB:CPTC - News) is pleased to announce a new order for ACCC(TM) conductor for its subsidiary CTC Cable Corporation. This order is a repeat order placed by the NV Energy of Reno for ACCC conductor and follows their successful installation of ACCC conductor earlier this year. The order provides approximately 48 miles of ACCC conductor (14 circuit miles plus spares) for the replacement of a 120kV power line between Spanish Springs Substation in Sparks, Nevada to the Tracy Substation in Washoe County. The conductor selected is ACCC Drake (1020kcmil) to replace the similar weight and diameter ACSR Drake (795 kcmil).NV Energy needed to increase the ampacity of the line and looked at several options. Rebuilding the line with bundled ACSR 795 kcmil was considered, while it also evaluated various high temperature conductor alternatives in an attempt to use the existing structures. In addition to its superior technical performance ACCC Drake conductor also won out in the cost evaluation as it doubled the ampacity of the existing line while allowing NV Energy to use the existing structures and thereby avoid the cost of rebuilding the line. Other high temperature alternatives required the modification of the existing structures or proved to be higher in cost than ACCC conductor. Avoiding the rebuild of the line also helped with the permitting process."We are very happy to serve NV Energy again. The success of our last installation paved the ...
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Composite Technology Announces ACCC Projects in Indonesia

IRVINE, CA--(Marketwire - 10/08/09) - Composite Technology Corporation (CTC) (OTC.BB:CPTC - News) is pleased to announce two new orders for ACCC(TM) core for its subsidiary CTC Cable Corporation. These orders are from CTC Cable's stranding sources in Indonesia, PT KMI Wire and Cable Tbk and PT Tranka Kabel. These projects represent the first ACCC(TM) conductor projects that will be installed in Indonesia. The Angke-Ancol project, which is currently being stranded by PT Tranka Kabel, is scheduled to be installed in late October of this year. This is a reconductor of a double circuit 4.6 kilometers line and serves North Jakarta City, providing electricity to commercial, residential, light industries and recreation areas. ACCC(TM) Warsaw conductor will replace the existing ACSR Drake to provide increased throughput.The New Tangerang - Cengkereng Line is located in the city of Tangerang in Banten Province. This project will be stranded by PT KMI Wire and Cable Tbk and is for 80 kilometers of ACCC(TM) Dublin conductor. This reconductoring project was planned to upgrade the line's current capacity to serve the proposed Teluk Naga Coal Fired Steam Plant and to supply more reliable power to the Cengkareng Airport. Due to the airport and residential communities in the area, both clearance and tower height limitations exist. ACCC Dublin conductor was chosen as it was able to offer the solution for increased capacity and reliability, without the need to modify the existing tower structures."CTC Cable made a strong push ...
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Composite Technology Announces New ACCC Conductor Order in the U.S.

IRVINE, CA--(Marketwire - 10/05/09) - Composite Technology Corporation (CTC) (OTC.BB:CPTC - News) is pleased to announce a new order for ACCC(TM) conductor for its subsidiary CTC Cable Corporation. This order is the first order placed by the South Texas Electric Cooperative for ACCC(TM) conductor and represents another significant step in penetrating the U.S. market. The order provides approximately 36 miles (57 kilometers) of ACCC(TM) conductor for the replacement of a 12-mile 138kV power line between Moore and Pearsall, Texas. The conductor will be delivered by early 2010.This circuit required increased capacity in part to accommodate increased generation from the Pearsall Natural Gas Power Plant, which will produce over 200 MW of power. The existing circuit has H-frame wood poles, which were upgraded to support a Drake size conductor. By using an ACCC(TM) Drake versus a traditional ACSR Drake, 1766 amps of continuous current can run over the exiting circuit without the need to adjust the tower height of the H-frame structures. The ACCC(TM) Drake offered the only option that increased ampacity without impacting clearance and requiring additional expensive tower modifications or replacements."We are very pleased to add the South Texas Electric Cooperative to the growing number of power providers in the U.S. and around the world that recognize the benefits that ACCC(TM) conductor brings for capacity and efficiency. Across the country, electric cooperatives provide high quality service at the lowest overall pric...
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Skymark Research Initiates Independent Research Coverage On Composite Technology Corp.

Skymark Research Initiates Independent Research Coverage On Composite Technology Corp. - Yahoo! Finance.gnwlistitemmarginbottom {margin-bottom: 10.0px} .gnwtablebottommargin {margin-bottom: 10.0px} .gnwcellpaddingleft0 {padding-left: 0.0px} .gnwverticalaligntop {vertical-align: top} .gnwtextaligncenter {text-align: center} .gnwcellparagraphmargin {margin-bottom: 0px; margin-top: 0px} .gnwverticalalignbottom {vertical-align: bottom} .gnwwhitespacenowrap {white-space: nowrap} .gnwtextalignright {text-align: right} .gnwcellpaddingright0 {padding-right: 0.0px} .gnwunderlinestyle {text-decoration: underline} .gnwtextalignleft {text-align: left} .gnw_heading {font: 16px Arial; text-align: center} .gnw_subhead {font: 12px Arial; text-align: center} .gnw_colhead {font: 12px Arial; text-align: center} .gnw_colhead_uline {font: 12px Arial; text-align: center; border-bottom: solid black 1.0pt;} .gnw_colhead_dline {font: 12px Arial; text-align: center; border-bottom: double black 2.5pt;} .gnw_label {font: 12px Arial; vertical-align: bottom; text-align: left } .gnw_label_uline {font: 12px Arial; vertical-align: bottom; text-align: left; border-bottom: solid black 1.0pt;} .gnw_label_uline_i10 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_uline_i15 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_uline_i20 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_uline_i25 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_uline_i30 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_dline {font: 12px Arial; vertical-align: bottom; text-align: left; border-bottom: double black 2.5pt;} .gnw_label_i10 {font: 12px Arial; vertical-align: bottom; text-align: left; padding-left: 10.0px;} .gnw_label_i15 {font: 12px Arial; vertical-align: bottom; text...
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COMPOSITE TECHNOLOGY CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Completion of Acquisition o

Show all filings for COMPOSITE TECHNOLOGY CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for COMPOSITE TECHNOLOGY CORP 11-Sep-2009Entry into a Material Definitive Agreement, Completion of Acquisition o Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All informa...
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Composite Technology Completes Sale of Turbine Business to DSME

IRVINE, CA--(Marketwire - 09/08/09) - Composite Technology Corporation (CTC) (OTC.BB:CPTC - News) is pleased to announce that its subsidiary DeWind Inc. has completed a sale of substantially all of its operating assets and liabilities, including its subsidiaries and certain assets of DeWind Ltd., to Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME) of Korea. Following the terms of the asset purchase agreements, the sale price was $46,500,000 for substantially all of the operating assets and liabilities of DeWind Inc., and $3,000,000 for certain assets of DeWind Ltd. The transaction has certain post-closing adjustment provisions effective over various time periods and portions of the sales price are held in escrow pending such adjustments. CTC and its subsidiaries are no longer in the business of developing or manufacturing wind turbines and most of the DeWind employees transferred to DSME."This transaction will help DSME enter the global wind energy market and to establish a strong presence in that market. We will leverage DSME's world class engineering and manufacturing capabilities and DeWind's technology and experience to become one of the world leaders in the wind energy sector," said Sang Tae Nam, President and the CEO of DSME.Benton H Wilcoxon, Chairman and CEO of CTC, stated, "I am very pleased that the DeWind turbine business and its employees have found such an excellent home in DSME. I have been very impressed by the leadership of DSME and in particular their development plans for the business. ...
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COMPOSITE TECHNOLOGY CORP Financials

Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...
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Composite Technology Provides Information Regarding Patent Actions

IRVINE, CA--(Marketwire - 08/31/09) - Composite Technology Corporation (CTC) (OTC.BB:CPTC - News) takes this opportunity to provide information regarding its ongoing patent actions against Mercury Cable and Energy LLC to correct misrepresentations and innuendos of the process recently made public. CTC initiated a lawsuit against Mercury Cable and Energy in the US District Court, Central District of California, on March 3, 2009, asserting infringement of two of CTC's issued patents for composite core technology used in bare overhead transmission conductor (U.S. Patent No. 7,368,162 and U.S. Patent No. 7,211,319). In a defensive move Mercury petitioned the United States Patent and Trademark Office (USPTO) to re-examine the issued patents claiming the discovery of prior art that may have bearing on the patents. The USPTO granted the re-examinations on August 17, 2009.The request for re-examination of a patent by a defendant in a patent infringement suit is now common practice. The courts prefer to defer to the USPTO regarding highly technical aspects of patent validity, and the courts routinely grant stays in patent infringement actions pending the re-examination petitions. These actions have occurred in the CTC case, and were fully expected.As a matter of historical course, 92% of all re-examination requests are granted by the USPTO, but only 11% of patents that are re-examined result in the patents being canceled. Of the remaining 89%, 25% are upheld completely and 64% are upheld with some claim amendments. The ...
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Composite Technology Announces Repeat ACCC Conductor in South America

IRVINE, CA--(Marketwire - 08/27/09) - Composite Technology Corporation (CTC) (OTC.BB:CPTC - News) is pleased to announce an order for its patented and proprietary ACCC(TM) conductor issued to our subsidiary, CTC Cable Corporation. The order is significant as it represents another repeat order for ACCC conductor from the utility in Chile after a long period of evaluation of the previous installation. The order provides 112 kilometers of ACCC conductor with hardware for the replacement of a 110kV double circuit power line in Santiago, Chile. The contract was awarded by Enersis on behalf of Chilectra S.A, who operates the line. Enersis and Chilectra are majority-owned by Endesa of Spain. The conductor will be delivered in the fourth calendar quarter of 2009 and installation will take place in the first quarter of 2010.Last year, Chilectra installed a pilot line for evaluation and certification of ACCC conductor for widespread use in Chile. Based on their favorable results with the conductor, Chilectra placed a subsequent order for 28 kilometers of ACCC conductor due to be installed in September 2009 and has now placed a third order for the 112 kilometers described herein. ACCC conductor is already in use in over 5000 miles of transmission and distribution grids in the U.S., China, Europe and Latin America. The new conductor used in Chile is the Linnet 431 kcmil (218 mm squared) size. The new order is scheduled to be stranded by General Cable in LaMalbaie, Canada."We are very pleased with this order, which repres...
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COMPOSITE TECHNOLOGY CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Other Events, Financial Sta

Item 1.01. Entry into a Material Definitive Agreement On August 10, 2009, Composite Technology Corporation (the "Registrant" or "CTC") and its wholly-owned subsidiary DeWind, Inc. ("DeWind"), a Nevada corporation, entered into an Asset Purchase Agreement ("Purchase Agreement") with Daewoo Shipbuilding & Marine Engineering Co., Ltd., a Korean corporation ("Buyer"). Under the Purchase Agreement, DeWind agreed to sell substantially all of its assets for $46.5 million and assumption of certain liabilities. Also on August 10, 2009, DeWind, Ltd., a UK private limited company and a wholly-owned subsidiary of the Registrant ("UK DeWind"), entered into an Asset Purchase Agreement ("UK Agreement", and together with the Purchase Agreement, the "Agreements") with Buyer under which UK DeWind agreed to sell certain assets, including without limitation the D8.2 prototype turbine at Cuxhaven, and an assignment of a lease agreement with DEWI-OCC Offshore and Certificate Centre GmbH dated June 29, 2006 ("Cuxhaven Lease"), for the purchase price of $3.0 million. DeWind, Inc. Asset Purchase Agreement Under the Purchase Agreement, DeWind agreed to sell, assign, transfer, convey and deliver to Buyer, free and clear of liens, except for certain permitted liens under the Purchase Agreement ("Permitted Liens"), all assets related to the business of designing, developing, assembling, manufacturing and selling wind turbines for the production of wind energy and the development and management of "wind farms" for the harnessing and sale of wind energy ("Business") except for certain excluded assets (the "Purchased Assets") for the purchase price of (i) $46,500,000 in cash, subject to adjustment as set forth in the Purchase Agreement, and (ii) the assumption of the certain assumed liabilities. The Purchased Assets include, but are not limited to, the following a...
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