Composite Technology Announces Orders for ACCC Conductors

New ACCC Conductor Order for Regional and State Grid Projects in China

IRVINE, CA–(EMWNews – August 19, 2008) – Composite Technology Corporation (CTC) (OTCBB: CPTC) is pleased to announce new orders for immediate delivery for its

subsidiary CTC Cable. The order issued by Far East Composite Technology

Company, a subsidiary of Jiangsu New Far East Cable Corporation (Far East),

is made up of two core sizes with associated hardware for 230 kilometers to

be used on transmission projects for State Grid in China as well as

provincial power bureau projects. This is a continuation of the flow of

orders from China, where the use of ACCC* conductor has been widely

adopted.

The order is valued at approximately $1.729 million and is composed of 230

kilometers of ACCC core and associated hardware. The core will be stranded

by Far East in China under terms of the established Manufacturing and

Distribution Agreement. Far East has worked very hard to spread the use of

ACCC conductor in China and has established an excellent reputation as a

supplier to the State Grid.

“We are very happy to see the continuing expansion of the use of ACCC

conductor in China. The adoption of ACCC conductor is growing globally and

we now have thousands of kilometers of conductor in operation, with years

of operating experience. We believe these numbers will continue to grow as

more power grids embrace the efficiency that ACCC conductor provides,”

stated Marv Sepe, COO of CTC and President of CTC Cable.

About Jiangsu New Far East Cable Corporation:

Jiangsu New Far East Cable Corporation and its subsidiary, Far East

Composite Technology Company, are located in Yixing City, Jiangsu, China.

Jiangsu New Far East is one of China’s leading manufacturers of electrical

transmission and distribution cable, which it sells to China’s regional

power grids through 200 local distributors.

About CTC:

Composite Technology Corporation, based in Irvine, California, USA,

develops, manufactures and sells innovative high performance electrical

transmission and renewable energy generation wind turbines through its

subsidiaries:

--  CTC Cable Corporation produces composite rod for use in its patented

    ACCC* (Aluminum Conductor Composite Core) conductors, which are "high

    efficiency conductors" for use in electrical transmission grid systems.

    ACCC conductors demonstrate less electricity line losses when compared with

    conventional conductors and when deployed in place of conventional

    conductors on existing systems, the higher efficiency of ACCC conductors

    enables power generators to reduce the amount of power they must generate

    while still delivering the same power to the customers. They have also

    demonstrated significant savings in upgrade capital costs and operating

    expenses when substituted in grid systems for other conductors. ACCC

    conductors enable grid operators to reduce blackouts and brownouts,

    providing a 'reserve electrical capacity' by operating at higher

    temperatures without significant thermal sag of the lines. ACCC conductors

    are an innovative economical solution for reconductoring power lines,

    constructing new lines and crossing large spans. ACCC composite core is

    delivered to qualified conductor manufacturers worldwide for local ACCC

    conductor production and resale into local markets.

    

--  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 60Hz and 50Hz; 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 in combination with a synchronous AC

    generator with high voltage output that is connected directly to the grid

    without the use of power conversion electronics. The first 60Hz D8.2 is now

    operating at Sweetwater, Texas, where it will initially be used for

    demonstration to North American customers. DeWind D8.2 turbines are now

    being assembled at TECO Westinghouse Motor Co., in Texas for our North and

    South American customers.

    

*ACCC is a trademark of CTC Cable Corporation

For further information visit our website: 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, competition with larger

companies, development of and demand for a new technology, risks associated

with a startup company, the ability of the company to convert quotations

and framework agreements into firm orders, our customers’ fulfillment of

payment obligations under the respective supply agreement, our ability to

deliver reliable turbines on a timely basis, general economic conditions,

the availability of funds for capital expenditure by customers,

availability of timely financing, cash flow, securing sufficient quantities

of essential raw materials, timely delivery by suppliers, ability to

produce the turbines and acquire their components, 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, 2007 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.