Composite Technology Announces Transmission Lines in Poland

IRVINE, California, July 5, 2011 -

- ACCC® Conductor Installed by PGE
Dystrybucja Bialystok

Composite Technology Corporation (CTC) (OTC Bulletin Board:
CPTCQ) is pleased to announce, the installation of a 110kV line,
using ACCC® conductor, for PGE Dystrybucja Bialystok in Poland.
 The composite conductor was supplied by Lamifil using ACCC®
core supplied by CTC Cable Corporation.

The 2 kilometer line, which is part of a line that runs between
Bielsk Podlaski and Hajnowka (an urbanized area in Eastern Poland),
was strung with ACCC® Helsinki conductor on existing steel towers.
This conductor was selected in preference to a larger ACSR
conductor due to the superior sag characteristics and higher
capacity of the smaller ACCC® conductor which allowed the existing
towers to be used The ACSR solution would have required new, higher
towers to be constructed. The installation was completed on June
22.  

Stewart Ramsay, President of CTC Cable Corporation commented,
“We are very pleased that PGE Dystrybucja Bialystok has chosen
ACCC® Helsinki conductor for this project. Poland is a great
market, with a combination of economic growth, an appreciation of
the ACCC® technology and the need for the value that it brings.
 We believe that ACCC® conductors provide a viable option for
transmission and sub-transmission lines where the combination of
high capacity, low weight and low sag characteristics of the
conductors can provide material benefits to distribution utilities
in situations such as this. We look forward to being able to offer
solutions to PGE on other projects in Poland and to other
distribution companies in future.”

About CTC:

Composite Technology Corporation’s patented ACCC® conductor
technology enables superior performance of high voltage
transmission and distribution electrical grids. ACCC® conductors
use CTC’s proven carbon fiber core which is produced by its
subsidiary, CTC Cable Corporation, at its Irvine, California
headquarters and delivered to qualified conductor manufacturers who
produce and distribute ACCC® conductors to operators of electrical
grids worldwide. CTC’s conductor technology significantly reduces
thermal line sag and can replace similar diameter and weight
traditional conductors with its higher capacity and more energy
efficient ACCC® conductor. It is an ideal conductor for both
upgrading existing power lines as well as building new lines since
the technology allows for the reduction of the number of support
structures and/or a reduction of their height. Since its commercial
introduction in 2005, ACCC® conductor has been selected for over
10,000 kilometers (6,214 miles) of projects in all environmental
and operating conditions, including severe heat and ice
environments, long span applications and high capacity corridors
for the modern grid. ACCC® is a registered trademark of CTC Cable
Corporation.

For further information, visit our website: href="www.compositetechcorp.com/">www.compositetechcorp.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 (the “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, resolution of pending
and threatened litigation matters involving CTC or its
subsidiaries, resolution of disputes with CTC’s or subsidiaries’
creditors competition with larger companies, development of and
demand for a new technology, general economic conditions, the
availability of funds for capital expenditure and financing in
general by us and our customers, availability of timely financing,
cash flow, securing sufficient quantities of essential raw
materials, timely delivery by suppliers, 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, 2010 and subsequent
Quarterly Reports on Form 10-Q and subsequent Current Reports filed
on Form 8-K that will be included with or prior to the filing of
the Company’s next Quarterly or Annual Report.

Investor Relations: James Carswell, +1-949-428-8500