Composites World / NetComposites

Connecting you to the composites industry

Advertisement

NetComposites Ltd has transferred the rights and ownership of this website to Gardner Business Media Inc.

On 1st January 2020, NetComposites' media assets including netcomposites.com, newsletters and conferences were transferred to Composites World (Gardner Business Media).

This site is no longer being updated. Please direct all enquiries to netcomposites@gardnerweb.com.

For further details see our joint press release.

Composite Technology Corporation Completes $15 Million Financing

  • Friday, 20th August 2004
  • 0 comments
  • Reading time: less than a minute

Composite Technology Corporation has completed a $15 million financing through sale of a 6% convertible debenture.

CTC are a leading developer of high-performance composite core cables for electric transmission and distribution lines.

Midsummer Investment, Ltd., was the lead investor, and three additional funds participated. Proceeds from the financing will be used to scale-up manufacturing, add inventory, increase sales/marketing efforts and for general operating purposes. CTC anticipates that the proceeds from this financing will sustain the Company to cash flow positive.

Benton Wilcoxon, CTC Chairman and CEO said, “”These proceeds enhance our financial strength and ability to capitalize on the opportunities of our technology to generate future growth.””


For more information visit:


Share this article


More News


Comments (0)

Leave your comment