Composite Technology Corporation (CPTC.OB) Subsidiary Secures $23M Wind Turbine Contract to Power Canadian Energy Supply
Composite Technology Corporation (OTCBB: CPTC) develops, manufactures and sells high-performance electrical transmission and wind turbines through its subsidiaries. The company today announced its DeWind Inc. subsidiary, which designs, produces and sells a series of wind turbines, has secured an agreement for the sale of 10 of its D9 2-megawatt wind turbines to Energy Farming Ontario LLC. The approximately $23 million contract is set for delivery in 2009. The turbines to be deployed are the advanced version of DeWind’s D8.2 synchronous power turbine. Energy Farming Ontario will install the turbines in Ontario, Canada, as part of several of its current development…