in News Departments > FYI
print the content item

Irvine, Calif.-based Composite Technology Corporation (CTC), a developer and manufacturer of composite materials, has executed a Share Exchange Agreement with shareholders of EU Energy PLC - representing at least 95% of the issued and outstanding shares of EU Energy - which allows the acquisition of 100% of EU Energy. EU Energy owns 100% of the issued and outstanding capital stock of a group of companies that own the rights to produce and sell the DeWind range of wind energy generation turbines worldwide.

Under the terms of the agreement, the EU Energy shareholders have agreed to transfer all of their shares in EU Energy to CTC.

Michael Porter, chief executive officer of EU Energy, will be appointed as the president of CTC, while Benton H. Wilcoxon will remain as chief executive officer of CTC following completion of the acquisition.


Trachte Inc._id1770
Latest Top Stories

The Song Remains The Same: Ontario Seeks More Science Before Lifting Offshore Ban

The Ontario government says the nearly four-year-old offshore wind moratorium will remain in place until the province fully understands the technology’s impact on the environment.


Why States Should Adopt A Renewable Portfolio Standard

A new study analyzes the potential benefits of state renewable energy mandates, as well as recommends what such policies should include.


Sen. Reid Vows To Bring Wind PTC To A Vote By Year's End

Nevada's senior senator provides some encouragement to wind industry advocates during his annual Clean Energy Summit.


Steadily, Wind Turbine OEMs Resume R&D Investment

An increased commitment to research and development will likely lead to wind energy innovation - not to mention a likely increase in patent-protected technology.


Quebec Government Postpones Wind Power RFP; No New Date Scheduled

The request for proposals (RFP) is part of an overall 800 MW wind power tranche that will serve as a bridge to the next phase in the province's energy future.

Renewable NRG_id1934
Canwea_id1984
UnitedEquip_id1995
Future Energy_id2008