Composite tech.Nordex aus USA?
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IRVINE, CA--(Marketwire - February 11, 2008) -
Composite Technology Corporation ("CTC") (OTCBB: CPTC) announced today its results for the fiscal quarter ending December 31, 2007.
CTC recorded record quarterly revenue for the first fiscal 2008 quarter of $18.2 million, an increase of 40% compared to revenue of $13.0 million for the comparable fiscal 2007 quarter and an increase of 184% compared to September 2007 quarter's revenues of $6.4 million. The December 2006 quarter included approximately $4.5 million of revenues relating to our E Services entity, which is no longer consolidated. Excluding those revenues, the year-over-year revenue growth from 2006 to 2007 is 114%.
Compared to the September 2007 quarter, the GAAP net loss improved by $11.0 million, from $18.4 million or $0.09 loss per share to $7.4 million or $0.04 loss per share, on improvements in product margins of $6.3 million, operating expense decreases of $0.5 million, and interest and other expense reductions of $4.2 million. GAAP net loss increased $0.4 million to $7.4 million or $0.03 loss per share as compared to $7.0 million or $0.04 per share in the December 2006 quarter on increased R&D expenses related to our DeWind subsidiary's D8.2 prototype and increased interest expenses related to higher debt balances.
"We are excited about our order successes and the improvements in our profitability for each of our business segments," commented Benton Wilcoxon, Chief Executive Officer for CTC. "Our key customer in China, Jiangsu New Far East, became certified to strand aluminum on our ACCC core product during the quarter, and we have just received orders in two new international markets for CTC Cable. For DeWind, our recent 40 turbine, approximately $90 million order, from an existing Czech customer represents both repeat business and a good price for our turbines. Additionally, with our recent D8.2 prototype installation in Texas, we are well positioned for sales revenue growth of the DeWind business."
"CTC Cable revenues of nearly $11 million and product margin improvement to 38% without increasing our cost structure resulted in $2.2 million in operating income for CTC Cable's December 2007 quarter, which demonstrates the viability of our CTC Cable business model," said D.J. Carney, Chief Financial Officer of CTC. "The order win with our Czech customer significantly increases our order backlog of the DeWind business to over $140 million for 2008 and 2009 turbine deliveries."
Composite [cptc] ist eine ein Kabelhersteller aus Amerika, der sich im Sommer 2006 durch die Übernahme von EU Energy die Rechte an der DeWind Technologie gesichert hat. Und so plannt in den Wind Energy Markt einzusteigen.
DeWind wurde 1995 in Lübeck, Deutschland gegründet, die erste Wind Turbine war die D4 500kW (später 600kW) und wurde 1996 gebaut. 1998 wurde die D6 1MW (1.25MW ab 2000) in die Produktion aufgenommen. Die D8 2MW wurde dann ab März 2002 gebaut. Weltweit sind etwa 552 DeWind Turbinen (522.6 MW) im Betrieb.
In 2002 wurde DeWind zu FKI übernommen. Im November 2004 entschied sich FKI sich aus der Windindustrie zurück zuziehen und verkaufte DeWind an EU Energy im July 2005.