Composite Technology Corporation

IRVINE, Calif., April 3 /PRNewswire-FirstCall/ -- Composite Technology Corporation (CTC) (OTC Bulletin Board: CPTC - News) a leading developer of high- temperature, low sag (HTLS) conductors for electric transmission and distribution lines, announced today that its planned acquisition target EU Energy plc (EU Energy), has concluded and announced a frame agreement with Anemos Energy Corporation, to supply 125 DeWind 2 megawatt 60 Hz D8.2 wind energy turbines for their projects over the next 6 years, with first turbines to be delivered in 2007. This contract, valued at approximately $275 million, brings current EU Energy backorders for these D8.2 turbines to approximately $2 billion for delivery through 2012. Subject to complying with securities laws and regulations, shareholder approvals and related diligence, CTC anticipates closing its acquisition of EU Energy in the second quarter of this year.

Comment - Obviously, this backlog is huge. However, it doesn't mean much until they prove they can deliver. A smart investor once told me after reviewing a company's product, " I'll invest when they get the first $1 million in orders and they receive the checks. In CTC's case, let's deliver on the first $10 million.