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Composite Technology's DeWind Announces the Installation of Prototype D8.2 Wind Turbine at Cuxhaven, Germany

Posted on: Friday, 22 December 2006, 15:01 CST

IRVINE, Calif., Dec. 22 /PRNewswire-FirstCall/ -- Composite Technology Corporation (CTC) (BULLETIN BOARD: CPTC) announced today that its subsidiary DeWind Inc., has completed erection of the high performance 2 megawatt DeWind D8.2 wind turbine at the DEWI-Offshore and Certification Centre GmbH (DEWI-OCC) test site in Cuxhaven, Germany. A photo of the turbine installed on an 80 meter tower may be seen at http://www.eunrg.com/product_1.htm and in a PDF format attached to this press release on CTC's web site.

"DeWind has received the initial approval of the load calculation from DEWI-OCC. The engineering team will now focus on completing the suite of calculations and tests required for full wind turbine certification," said Vic Lilly, Chief Technology Officer for CTC and head of Wind Turbine Engineering for DeWind Ltd. "Power curve testing will begin after the holidays and we are confident that certification will be achieved in the first quarter of 2007 due to our current engineering modeling of the excellent wind regime at the site."

Wind turbines undergo a certification process to conform to internationally recognized standards set by the International Electrotechnical Commission (IEC). DEWI-OCC provides type approval and certification services to IEC standards for manufacturers of wind turbines. DEWI-OCC was founded by the shareholders of the German Wind Energy Institute (DEWI), along with the city and district of Cuxhaven.

The DeWind D8.2 uses a Voith WinDrive(R) and a synchronous generator connected directly to the grid to produce power at 13,800 Volts, without the use of power electronics. The WinDrive(R) is a hydrodynamic torque converter that allows the variable speed of the wind to be converted to a constant speed allowing clean power to be delivered to the grid.

Michael Porter, President of both CTC and DeWind Inc., stated, "This is a major milestone in the introduction of utility scale wind turbines utilizing a synchronous generator connected directly to the grid. By removing power electronics and using synchronous generation the DeWind D8.2 sets a clear precedent and takes another step closer to wind power being considered a true power plant."

About CTC:

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

* 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 2MW, both noted for their reliability. In 2007, the first new 2MW D8.2 turbines are planned to be delivered to North American customers from assembly operations at TECO Westinghouse Motor Company in Texas. The D8.2 utilizes the advanced WinDrive(R) hydrodynamic torque converter developed by Voith AG with a synchronous AC generator that is able to connect directly to the grid 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. ACCC conductors also reduce electricity line losses, and have demonstrated significant savings in capital and operating expenses when substituted for other conductors. ACCC conductors enable grid operators to eliminate blackouts and brownouts, providing a 'reserve electrical capacity' by operating at higher temperatures. ACCC conductors are an innovative 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 websites: http://www.compositetechcorp.com/ & http://www.eunrg.com/

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, risks associated with international transactions, the ability of the company to convert quotations and framework agreements into firm orders, 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, successful integration of the EU Energy acquisition, 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, 2005 and subsequent Quarterly Reports on Form 10-Q and subsequent Current Reports filed on Form 8-K and including those pertaining to EU Energy that will be included with or prior to the filing of the Company's next Quarterly or Annual Report.

Composite Technology Corporation

CONTACT: Investor Relations, James Carswell of Composite TechnologyCorporation, +1-949-428-8500

Web site: http://www.eunrg.com/

Web site: http://www.compositetechcorp.com/

Source: PRNewswire-FirstCall

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