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ENCC Encompass Compliance Corporation (CE)

0.0001
0.00 (0.00%)
19 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Encompass Compliance Corporation (CE) USOTC:ENCC OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.0001 0.00 01:00:00

Energy Composites Corporation Signs Strategic Partnership with Leading European Blade Design Company

17/09/2010 3:32pm

Business Wire


Encompass Compliance (CE) (USOTC:ENCC)
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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.

Jamie Mancl, ECC’s founder and President, said “the cooperation between our two experienced and innovative companies will add significant value to the future offering of both companies to the global wind turbine suppliers serving the North American market. Each company can now offer truly unique solutions enabling our customers to be truly competitive.”

Søren Brouer, CEO of SSP, agrees. “As the turbine blades get larger, the need for intelligent and innovative blade design and blade production technologies grow, and with this partnership, both companies position themselves in the absolute lead among suppliers of both blade design and contractual blade manufacturing. This partnership allows us both to offer full range solutions to our global customers. “

About SSP Technology A/S

SSP Technology A/S is the leading enabler of competitive blade manufacture based on in-house design capabilities, patented structural blade components and unique mould design. SSP Technology delivers competitive blade manufacturing solutions to all global turbine manufacturers and blade suppliers.

About Energy Composites Corporation

Energy Composites Corporation is a leading composites-based manufacturer serving the clean-tech industry with planned blade manufacturing capacity strategically located in North America focused on the efficient production of large high quality blades. ECC operates a world-class, automated 73,000 sq. ft. climate-controlled manufacturing facility in Wisconsin Rapids, WI, employing advanced composite materials to design, engineer and manufacture complex composite structures, vessels and processing systems for a range of clean-tech applications that include: wind energy system components, flue gas desulfurization for power plants, infrastructure for biofuel storage and processing, infrastructure for managing waste water and drinking water storage, advanced municipal utilities infrastructure, and caustic material storage and handling systems for the petrochemical, mining and the pulp and paper industries. ECC also provides 24/7 field service crews nationwide for wind energy system composites maintenance, repair and overhaul; industrial retrofit, shutdown and maintenance; system installation; and repair and inspection services. For additional information, visit our website at www.energycompositescorp.com or contact Jamie Mancl at 1-800-787-5439.

Certain statements found in this press release may constitute forward-looking statements. Forward-looking statements are based on current expectations and include any statement that does not directly relate to a current or historical fact. Such statements are generally identifiable by the terminology used, such as “anticipate,” “believe,” “intend,” ”expect,” “plan,” or other similar words. Our forward-looking statements in this release generally relate to our expectations and beliefs with respect to our growth and expansion activities and plans. Although it is not possible to foresee all of the factors that may cause actual results to differ from our forward-looking statements, such factors include, among others, the following: (i) unforeseen delays, costs or liabilities associated with our growth and expansion plans; (ii) the sufficiency of our working capital or availability of project financing; (iii) fluctuations in general economic conditions; and (iv) those risks described from time to time in our reports to the Securities and Exchange Commission. Investors should not consider any list of such factors to be an exhaustive statement of all of the risks, uncertainties or potentially inaccurate assumptions that could cause our current expectations or beliefs to change. Shareholders and other readers should not place undue reliance on “forward-looking statements” as such statements speak only as of the date of this release. We undertake no obligation to update publicly or revise any forward-looking statements, other than as required by law.

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