Capstone Turbine Names Delcom Services Its Distributor in Malaysia
CHATSWORTH, Calif., Nov. 18, 2009 (GLOBE NEWSWIRE) -- Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world's leading clean technology manufacturer of microturbine energy systems, has named Delcom Services Sdn. Bhd. its distributor in Malaysia for the oil and gas industry.
Delcom Services recently secured its first Capstone order for a Malaysia state oil company, one of the world's largest oil companies, for two C200 turbines packaged for an oil and gas hazardous environment.
Established in 1982, Delcom Services provides a variety of products and services to oil and gas companies in Malaysia.
Delcom will market and install Capstone microturbines to onshore and offshore oil and gas firms in Malaysia. Delcom also will provide maintenance for the existing Capstone fleet.
"Delcom Services is one of the leading oil and gas service companies in Malaysia," said Jim Crouse, Capstone Turbine's Executive Vice President of Sales and Marketing. "Malaysia is also one of the world's leading exporters of liquefied natural gas. Delcom's decades of work with various oil companies in Malaysia should further strengthen Capstone's market share in the country."
The worldwide oil and gas market is a major focus for Capstone. Last year, Capstone added to its existing Malaysian fleet with the sale of nine C65 microturbines for installation on unmanned oil platforms.
"Capstone products are highly reliable, compact in size, have long intervals between maintenance and can run on a wide range of fuels, which meet the requirements of oil and gas platforms," said Faisal Salleh, Vice President - Power and Machinery, Delcom Services. "Capstone's air-bearing technology in its microturbines is a 'state of the art' feature that considerably simplifies maintenance for its users."
Capstone's offerings for the oil and gas industry include an integrated microturbine package to meet the special requirements of offshore applications. The package uses corrosion protection with a 316 stainless steel enclosure and optional Class I Division 2 or ATEX Zone 2 design features for use in hazardous areas.
The Capstone oil and gas package also has an energy storage system to start the microturbine and provide momentary power during abrupt load changes. The result is highly regulated voltage and frequency regardless of load changes. These compact, self-sufficient systems include remote dispatch, diagnostic and monitoring capabilities ideal for unmanned platforms and remote oil and gas production sites.
About Capstone Turbine Corporation
Capstone Turbine Corporation (www.capstoneturbine.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 5,000 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 and ISO 14001:2004 certified company; Capstone is headquartered in the Los Angeles area with sales and/or service centers in the New York metro area, Mexico City, Nottingham, Shanghai, Singapore and Tokyo.
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This press release contains "forward-looking statements," as that term is used in the federal securities laws, about increased market share in Malaysia and the advantages of Capstone's products. 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.
"Capstone Turbine Corporation" and "Capstone MicroTurbine" are registered trademarks of Capstone Turbine Corporation. All other trademarks mentioned are the property of their respective owners.
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Released November 18, 2009