Composite Technology Will Present Its New Cable Technology at DOE-sponsored Energy Conference

IRVINE, Calif., July 12

- Composite Technology Corporation today announced that the Company will present at the State Energy Program/Rebuild America National Conference on July 29 - August 1, 2002 in New Orleans, Louisiana. In a session titled "Technology Advancement -- Avoiding Gridlock on Power Lines" CTC will make a presentation on its new superior performance Aluminum Conductor Composite Core (ACCC) cable, highlighting the cable's cost-effective application for upgrades to existing transmission and distribution lines. Sponsored by the US Department of Energy this conference offers a specialized gateway for energy officials to receive information and training in an array of energy efficiency and renewable energy topics.

The presentation will be made by C. William Arrington, President and COO of CTC, who recently was a featured presenter at the Electric Power Research Institute's ("EPRI") First Annual Overhead Transmission Line Conference. About one hundred utility representatives from North and South America, Europe, and Africa attended CTC's ACCC cable presentation. CTC is currently responding to numerous inquiries generated at the conference as a result of ACCC cable's substantial performance and cost benefits which were showcased through the Company's proprietary "transmission line rewiring versus new tower and lines cost-benefit" software.

Benton H Wilcoxon, CEO of CTC, stated, "We are very encouraged by the interest level in our ACCC cable technology from both domestic and international utility companies. We are also pleased to see that DOE Secretary Spencer Abraham in his recent National Transmission Grid Study recognizes the advantages and urgent need for composite core conductors in solving the Nation's gridlock problems. We are currently negotiating with a large North American cable manufacturer to provide production of ACCC cable using our composite core. CTC is currently waiting for final certification parameters by the utility consortium that has requested certification to be followed by a field demonstration later this year."