Zoltek (ZOLT) Enters Agreement with Global Blade Technology
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Zoltek Companies, Inc. (Nasdaq: ZOLT) today announced that it has entered into a technology and marketing agreement with Global Blade Technology, of Utrecht, the Netherlands. Zoltek and GBT are joining forces to accelerate the design and manufacture of advanced wind turbine blades utilizing Zoltek carbon fibers. GBT offers design, engineering, prototype development, testing and manufacturing assistance for new and existing wind turbine and independent turbine blade manufacturers. We expect the combination of GBT's expertise as the first fully integrated rotor blade designer, and Zoltek's ability to offer reliable low-cost carbon fiber supplies in high volumes, will accelerate adoption of carbon fibers as wind turbine blade lengths continue to increase.
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