CTC Announces New Manufacturing Source for ACCC Conductors in Europe

IRVINE, California, November 7 /PRNewswire/ --

-- Lamifil, a leading Belgian manufacturer, becomes qualified manufacturing source for ACCC conductors

Composite Technology Corporation (CTC) (OTC Bulletin Board: CPTC) is pleased to announce the qualification of Lamifil n.v. as an ACCC conductor manufacturer. Lamifil n.v., based in Hemiksem, Belgium, will provide CTC's subsidiary, CTC Cable Corporation, with aluminum wire stranding services allowing ACCC conductors to be manufactured and sold from Europe.

Lamifil's initial qualification conductor was a 620 sq mm 'Vienna' conductor, equivalent to the Cardinal size in the US. "We are pleased and impressed with the skill of the Lamifil personnel and the quality of their product. Lamifil passed the qualification testing with flying colors," said Dave Bryant, CTC Cable's Vice President Product Development. The completion of this qualification testing has enabled Lamifil to begin wrapping their first 100 kilometer ACCC order slated for delivery next month.

"Major blackouts, such as the one that occurred in Europe earlier this week, illustrate the severity of the problem that our ACCC conductor was designed to solve," commented Dominic Majendie, CTC Cable's Vice President International Marketing, while attending a symposium in the Middle East. He further stated: "Electrical grids and transmission systems are one of the last remaining essential services that have no significant redundant capacity; our electrical grids are operating often at close to maximum capacity, with no reserve. Unlike the ACCC conductor, existing conductor technologies simply don't provide the reserve capacity to handle emergency or high-demand conditions."

Mr. Majendie further stated that, "The two primary differences between conventional conductors and the ACCC conductor are its thermal stability and its improved efficiency. The ACCC conductor's thermal stability allows it to operate under high operating temperatures without causing line sag and its improved efficiency greatly reduces line losses. The most widely deployed conductor in Europe is an all aluminum homogeneous design consisting of a high strength aluminum alloy, which has lower conductivity than the fully annealed aluminum strands that Lamifil uses in our ACCC conductor. The traditional all aluminum design is limited to 90 degrees C operating temperatures, whereas our ACCC conductor can operate continuously at 180 degrees C since it relies on a composite carbon fiber core for strength, and can deliver more energy per unit of weight."

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:

    
    -- 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.
    -- EU Energy Inc., and EU Energy 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 are planned to be
       delivered to North American customers from assembly operations in
       Germany and the US. 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.

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.

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

Investor Relations: James Carswell for Composite Technology Corporation, +1-949-428-8500