Composite Technology Corporation (fka CPTQE)

[bogeyschen]

Craps, this is about the China turbine agreements. I like it because these agreements are with established turbine manufactures. They should already have the infrastructure and know how to put the wind turbines together. Who knows how many turbines those guys could crank out. Could be sweet.

EU also announced the signature of 2 new licensing agreements with the Shanghai Electric Group Corp Ltd for the DeWind D6 50Hz 1.25 megawatt turbine for an initial down payment of Euro 2,000,000 and guaranteed royalties of Euro 5,350,000 for a total of Euro 7,350,000 and with Harbin Turbine Co Ltd also for the DeWind D6 turbine for an initial down payment of Euro 1,850,000 and guaranteed royalties of Euro 4,350,000 totaling Euro 6,200,000. This is in addition to the previously announced licensing agreement with Beijing Beizhong Steam Turbine Generator Company Ltd. EU noted that in other markets 110 DeWind D6 50Hz 1.25 megawatt turbines have been scheduled for production and delivery in 2007 against orders for an expected revenue of Euros 132,000,000.