Capstone Announces New Distributor Agreement for the Caribbean
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 Energy Systems of Caribbean for all applications and market segments in the Caribbean, including the British Virgin Islands, Dominican Republic, Puerto Rico, and U.S. Virgin Islands.
Founded in 2000 and headquartered in San Juan, Puerto Rico, Energy Systems offers unique power quality related products using suppliers with top quality product lines to provide dedicated support and service to their customers. Through this approach their goal is to increase their market share in Latin America.
"Energy Systems covers an impressive list of market segments and it is a service oriented company. Their staff of qualified engineers and technicians provides their customers top quality solutions and their approach is to sell, deliver, and provide service in one visit," said Jim Crouse, Capstone's Executive Vice President of Sales & Marketing.
"Improving our distribution has been a strategic goal of our management team," said Darren Jamison, President and Chief Executive Officer of Capstone Turbine Corporation. "We look forward to working with them in expanding the distribution of our products in the Caribbean and Latin America," added Jamison.
"We pride ourselves on having exclusive representation and distribution of a number of quality products and solutions available in the market today," said Mr. Edgardo Garcia, President of Energy Systems of Caribbean. "Capstone Turbine's reputation and leadership in the microturbine technology makes them an ideal partner for us and we are looking forward to a long and successful relationship," added Mr. Garcia.
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 the Caribbean and a long and successful relationship between Capstone and Energy Systems of Caribbean. 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
Released March 25, 2008