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 Toan Thang Ltd. (www.toanthang.vn)
for oil & gas applications and market segments in Vietnam.
Established in 1993, with offices in Ho Chi Minh City and Vung Tau, Toan
Thang Ltd. is one of the country’s leading
suppliers of highly engineered equipment and systems for oil & gas,
power generation, water supply, and petro-chemical industries. Toan
Thang provides many complementary products by major international
suppliers as well as engineering and field service.
In describing this new agreement, Mr. Jim Crouse, Executive Vice
President, Sales & Marketing said: “Our
clean and green microturbines are an ideal solution for oil and gas
producing operations using unprocessed wellhead gas to generate
continuous ultra-low emission power.”
“In fiscal year 2009, we look forward to
continued growth in our oil and gas market. Perfect for both manned and
unmanned platforms, this application leverages our value proposition of
high reliability, long maintenance intervals, and low total cost of
ownership,” said Darren Jamison, President &
Chief Executive Officer of Capstone Turbine Corporation.
“This new agreement offers our customers
innovative solutions and total quality satisfaction. We are very pleased
to be working with the Capstone team and look forward to a long-term
successful relationship,” said Mr. Truong
Dinh Hoe, Managing Director of Toan Thang Ltd.
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® 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 Turbine is headquartered in the Los Angeles area with
sales and/or service centers in New Jersey, New York, Mexico City,
Milan, Nottingham, 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 particular in Vietnam, continued growth in the oil and
gas market and the relationship between Capstone and Toan Thang.
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
Alice Barsoomian, 818-407-3628
