Composite Technology Corporation (CTC) has announced that its EU Energy subsidiary signed a Turbine Reservation Agreement (Reservation Agreement) with Energy Logics, Inc. (ELI) for 50 DeWind D8.2 wind turbine generators for delivery in 2008.
In accordance with the terms of the Reservation Agreement, EU Energy agrees to reserve production of its DeWind D8.2 turbines for the above deliveries provided that ELI shall pay down payments in October 2006, April 2007 and July 2007 totalling in aggregate 15% of the purchase price.
