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Monday, September 20, 2010

Energy Composites signs deal with Danish company to supply turbine blades

From a news release issued by Energy Composites Corporation:

WISCONSIN RAPIDS, Wis. September 17, 2010 -- Energy Composites Corporation (“ECC”)
(NASDAQ OTC:ENCC) a leading provider of composites-based solutions to the clean-tech sector, today announced that it has entered into an agreement with SSP Technology A/S of Kirkeby, Denmark (“SSP”), with the purpose of entering into a strategic partnership and to establish a joint venture. This strategic alliance will support both companies’ efforts to supply competitive blades to wind turbine generators for North American customers.

With its base in Wisconsin Rapids, the joint venture will be well-situated in the midst of the upcoming Great Lakes/Midwest wind turbine market. In the coming years this region will set new demands and lead the market for turbine performance, blade size and manufacturing technologies.

SSP will offer customers the complete aerodynamic and structural design for blades and moulds, production of prototype blades, and ramp-up of blade production based on the partnership with ECC. ECC will manufacture blades for all customers based either on the customer’s own design or a blade design developed via the partnership with SSP. The joint venture will manufacture moulds and prefabricated root segments for both companies and their customers.

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