Capstone Announces New Distributor Agreement for Central and East Texas
CHATSWORTH, Calif., Apr 15, 2008 (BUSINESS WIRE) -- Capstone Turbine
Corporation (www.microturbine.com) (NASDAQ:CPST), the world's leading clean
technology manufacturer of microturbine energy systems, today announced the
signing of a new Distributor agreement with Five Star Electric
(www.fivestarelectric.com) for all applications and market segments in Central
and East Texas.
Headquartered in San Antonio, Texas, with sales and service offices in Austin,
Houston, Dallas/Ft. Worth, San Antonio and New Orleans, Five Star Electric's
vision is to be the leading Texas-based company providing world-class technical
solutions and services to customers by manufacturing and representing electrical
power conversion, motors, and control/automation/instrumentation for various
industries.
"Five Star Electric's staff of highly qualified engineers and technicians
provides their customers engineering solutions using the highest quality and
dependable equipment," said Jim Crouse, Capstone Turbine's Executive Vice
President of Sales & Marketing.
"With offices located in the Houston and Dallas areas, Five Star is positioned
to help Capstone in the oil and gas markets. Their relationships with
multinational and domestic energy companies as well as the engineering and
construction firms that support this industry are critical to leveraging
Capstone in the oil and gas industry," added Lee Richards, Capstone's Director
of Sales, Oil and Gas.
"Strengthening our distribution network is an important part of our strategic
plan," said Darren Jamison, President and Chief Executive Officer of Capstone
Turbine Corporation. "Five Star works with high quality manufacturers and has an
impressive list of clients. Their track record of successful projects both
on-shore and off-shore was critical in our selection of Five Star," Jamison
added.
"We pride ourselves in operating our business efficiently, supporting the
community, and on providing the most dependable solutions available in the
market today," said Mr. Richard Lux, President and Chief Executive Officer of
Five Star Electric. "Capstone Turbine's reputation and leadership in the
microturbine technology makes them an ideal partner for us. We are looking
forward to a long and successful relationship," added Mr. Lux.
About Capstone Turbine
Capstone Turbine Corporation (www.microturbine.com) (NASDAQ:CPST) is the world's
leading producer of low-emission microturbine systems, and was the first to
market commercially viable microturbine energy products. Capstone Turbine has
shipped over 4,000 Capstone MicroTurbine(R) systems to customers worldwide.
These award-winning systems have logged millions of documented runtime operating
hours. Capstone Turbine is a member of the U.S. Environmental Protection
Agency's Combined Heat and Power Partnership, which is committed to improving
the efficiency of the nation's energy infrastructure and reducing emissions of
pollutants and greenhouse gases. A UL-Certified ISO 9001:2000 certified company;
Capstone Turbine is headquartered in the Los Angeles area with sales and/or
service centers in New York, Mexico City, Milan, Bath, Shanghai and Tokyo.
"Capstone Turbine Corporation" and "Capstone MicroTurbine" are registered
trademarks of Capstone Turbine Corporation. All other trademarks mentioned are
the property of their respective owners.
This press release contains "forward-looking statements," as that term is used
in the federal securities laws, about new sales opportunities for Capstone in
our oil and gas application in Central and East Texas and a successful working
relationship between Five Star Electric and Capstone Turbine Corporation.
Forward-looking statements may be identified by words such as "expects,"
"objective," "intend," "targeted," "plan" and similar phrases. These
forward-looking statements are subject to numerous assumptions, risks and
uncertainties described in Capstone's filings with the Securities and Exchange
Commission that may cause Capstone's actual results to be materially different
from any future results expressed or implied in such statements. Capstone
cautions readers not to place undue reliance on these forward-looking
statements, which speak only as of the date of this release. Capstone undertakes
no obligation, and specifically disclaims any obligation, to release any
revisions to any forward-looking statements to reflect events or circumstances
after the date of this release or to reflect the occurrence of unanticipated
events.
SOURCE: Capstone Turbine Corporation
CONTACT: Capstone Turbine CorporationAlice Barsoomian, 818-407-3628 |
