Czech Republic - Composite Technology's DeWind announces sale of 40 turbines

Composite Technology Corporation announced today that its subsidiary DeWind has received an order from S&M CZ s.r.o. to buy a total of 40 DeWind turbines without towers for 61,440,000 Euros (approximately $90 million). The Turbine Sales Agreement consists of 40 DeWind 2.0 megawatt D8 turbines for installation at multiple sites in the Czech Republic. The D8 turbines will be assembled at the TECO Westinghouse facility in Round Rock, Texas. Towers will be provided by the customer. The delivery schedule requires 10 turbines to be shipped in the fourth quarter of 2008 and 30 turbines delivered throughout 2009. Subject to the terms and conditions of the agreement the entire purchase price is guaranteed by the customer's bank. This is a repeat order from S&M CZ, who purchased and received two D8 turbines from DeWind in 2007 and will take delivery of seven DeWind D6 turbines in the coming weeks.

Benton Wilcoxon, CEO of CTC, stated, "We are pleased to continue our history of selling high performance turbines to the European market. With our manufacturing capability and established supply chain, DeWind is poised to move forward in several geographic markets."

S&M CZ s.r.o., a project development company, is located in Jevicko, Czech Republic, and has wind farm projects in Zipotin, Anenska Studanka, Ostry Kamen, Vychodni Cechy, Morava and Olomucko. Since its formation in March 2003, S&M CZ has been actively working in the Czech Republic renewable energy sector, with its first wind turbine installed in 2004.

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

DeWind Inc., designs, produces, and sells the DeWind series of wind energy turbines, including the new 2 megawatt (MW) D8.2 model available in both 50Hz and 60Hz; the 2MW D8 model in 50Hz; and the 1.25MW D6 model in 50Hz. The new D8.2 has been operating since early 2007 at Cuxhaven, Germany, and utilizes the advanced WinDrive® hydrodynamic torque converter developed by Voith AG with a synchronous AC generator connected directly to the grid at high voltage without the use of power conversion electronics. The first 60Hz D8.2 is now being installed at a site in Sweetwater, Texas, and will initially be used for demonstration. DeWind D8.2 turbines are now being assembled at TECO Westinghouse Motor Company in Texas, for our North and South American customers.