Composite Technology Corp. has recently made some forward looking statements in regards to what is to come in 2010 for the company. They plan on continuing their focus on penetrating new markets, monetizing existing markets through follow-on orders, and restarting our currently lagging Chinese market. Continued work with the ACCC Conductor Products was included in this out look. And CPTC believes ACCC product margins have upside potential in 2010 as compared to 2009 due to two factors. Those two factors include a decrease in the cost of our raw materials, including the aerospace grade carbon, which is used in the ACCC conductor core. And the second factor is that for 2009 the plan utilization was only 25% of capacity. They expect to see a per unit cost savings as the plant utilization improves with additional expected sales.
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Composite Technology Corporation (CTC) has conducted its operations in the following two business segments: the CTC Cable division and the DeWind division. In September, 2009 we sold substantially all of the assets and liabilities of the DeWind segment. Accordingly, all operations of our former DeWind segment have been reported as discontinued operations in the accompanying consolidated financial statements and notes thereto.
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