Composite Technology Corporation (CTC) has announced that its subsidiary EU Energy Inc., (EU Energy), has licensed certain patents from GE Energy's wind business (GE Energy).
While EU Energy's range of wind turbines employ their own technology and designs, the license from GE Energy will permit EU Energy to continue to sell its traditional model DeWind D6 and D8 wind turbines incorporating the use of conventional power conversion electronics in markets where the GE patents are applicable. The DeWind D6 is available in 50Hz and 60Hz worldwide and the DeWind D8 available in 50Hz worldwide. Both companies will independently carry on with their respective businesses of designing, manufacturing and selling wind energy turbines, and contributing to the development of the wind energy sector. Michael Porter, President of CTC and EU Energy stated: "The signing of this license with GE is important to fulfill terms of an Irrevocable Letter of Commitment to purchase 400 megawatts of DeWind D6 turbines for delivery in the US commencing no later than the first quarter of 2008.