Energy Composites Corp. (ENCC.OB) Announces First Quarter Results, Revenues Increase 49%
Energy Composites Corp., a leading provider of composites-based solutions to the clean-tech sector, announced its financial results for the quarter ended March 31, 2009. The company reported a 48.7% increase in revenues for the quarter compared to the revenues generated during the same period in 2008. Gross profit also had a notable 20.8% increase. Sam Fairchild, ECC’s CEO, stated, “Our expansion and diversification strategy continues apace, with solid core market results in spite of economy-wide weaknesses. We are investing in our WindFiber™ strategy, and have announced our plans to construct a 350,000 square foot wind blade production plant in Wisconsin…