"Using Zoltek carbon fibers, Vestas, our biggest customer, took an early lead in the design and build of the world's largest and most efficient wind turbines. Over the past two years, there has been a great deal of progress in China, India and other places as high-tech companies in those countries have moved in the same direction of larger and more efficient wind turbines. Wind energy is continuing to go global and entering a new phase of rapid growth. We believe that Zoltek's Panex ® carbon fibers are a key enabling technology for the cutting-edge segment of the market," Rumy said.While Zoltek's sales are benefiting from new applications and existing markets are growing, our highest and most immediate potential is in the wind power generating application. We produce the significant majority of the high-performance commercial carbon fibers used in the superlong blades that power the most advanced wind turbines. A new generation of carbon fiber-enabled wind turbines is replacing the older generation technology that relied on shorter blades reinforced with glass fibers. For all these reasons, we are convinced that Zoltek is on the threshold of a new era of accelerated growth.
Zoltek Reports Fourth Quarter And Fiscal 2010 Year-End Results
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