Capstone Announces New Distributor Agreement for Vietnam.CHATSWORTH, Calif. -- Capstone Turbine Capstone Turbine Corporation NASDAQ: CPST, incorporated in 1988, is a California based gas turbine manufacturer that specializes in microturbine power and heat cogeneration systems. Capstone has sold and shipped more than 3,000 of these one-moving-part systems worldwide. Corporation (www.microturbine.com) (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CPST CPST Cable Programming Services Tier CPST Commission on Professionals in Science and Technology CPST Community Psychiatric Supportive Treatment (Ohio) CPST Child Passenger Safety Technician CPST Classical Perturbation Scattering Theory ), 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 Ho Chi Minh City, formerly Saigon, city (1997 pop. 5,250,000), on the right bank of the Saigon River, a tributary of the Dong Nai, Vietnam. and Vung Tau Vũng Tàu pronunciation is a city in southern Vietnam. Its population in 2005 was 240,000. The city area is 140 km² (54 square miles) including 13 urban wards and one village. , 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 well·head n. 1. The source of a well or stream. 2. A principal source; a fountainhead. 3. The structure built over a well. wellhead Noun 1. 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[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 pollutants see environmental pollution. and greenhouse gases. A UL-Certified ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9001:2000 and ISO 14001:2004 certified company; Capstone Turbine is headquartered in the Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. area with sales and/or service centers in New Jersey, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Mexico City Mexico City Spanish Ciudad de México City (pop., 2000: city, 8,605,239; 2003 metro. area est., 18,660,000), capital of Mexico. Located at an elevation of 7,350 ft (2,240 m), it is officially coterminous with the Federal District, which occupies 571 sq mi , 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. |
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