Composite Technology Corporation (CPTC) Announces Additional Unit Sales
Composite Technology Corporation (CPTC.OB) announced that the company's wholly owned subsidiary, DeWine, has received an order from S&M CZ servo. Under the terms of this order, S&M is to purchase a total of 40 DeWine turbines. This purchase order, the largest of its kind thus far, is valued at 61,440,000 Euros, approximately $90 million. S&M plans to install 40 DeWind 2.0 megawatt D8 turbines throughout multiple sites in the Czech Republic. Currently, the delivery schedule requires 10 turbines to be shipped in the fourth quarter of 2008 and 30 turbines delivered throughout 2009. Benton Wilcoxon, CEO of CTC, stated, "We…