Printer Friendly
The Free Library
19,604,538 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Capstone Turbine Announces National Sales Representative Agreement with WESCO.


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(R) (www.microturbine.com) (Nasdaq: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 manufacturer of microturbine energy systems, today announced the signing of a National Sales Representative Agreement with WESCO WESCO West Coast Shoe Company (manufacturer of motorcycle boots)
WESCO Westinghouse Electric Supply Company
(R) Distribution, Inc., (www.wescodist.com) the primary operating entity for Pittsburgh-based WESCO International WESCO International NYSE: WCC is a holding company for WESCO Distribution, a multinational electronics distribution and services company based in Pittsburgh, Pennsylvania. It has no relation to Wesco Financial Corporation. , Inc. (NYSE NYSE

See: New York Stock Exchange
:WCC WCC n abbr (= World Council of Churches) → COE m (Conseil œcuménique des Églises)

WCC n abbr (= World Council of Churches) → Weltkirchenrat m
).

"This agreement opens the door for a myriad of new sales opportunities for Capstone, because WESCO provides a highly knowledgeable sales team that will expand our reach geographically. Even more importantly, they will provide 'feet on the street' that are essential to improving adoption of our products," said John Tucker For other persons named John Tucker, see John Tucker (disambiguation).

John G. Tucker (born September 29, 1964) is a former Canadian professional ice hockey centre who played twelve seasons in the National Hockey League in the 1980s and 90s.
, Capstone's Chief Executive Officer.

"Consummation of this agreement is the first of a number of initiatives we expect to announce in the near future, all aimed at accomplishing our strategic objectives, and enhancing value for both customers and shareholders," he said.

WESCO Distribution, Inc. is a leading distributor of electrical construction products and electrical and industrial maintenance, repair and operating (MRO MRO

In currencies, this is the abbreviation for the Mauritanian Ouguiya.

Notes:
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion.
) supplies, and is the nation's largest provider of integrated supply services with 2004 annual product sales of approximately $3.7 billion. The Company employs approximately 5,350 people, maintains relationships with 24,000 suppliers, and serves more than 100,000 customers worldwide. Major markets include commercial and industrial firms, contractors, government agencies, educational institutions, telecommunications businesses and utilities. WESCO operates five fully automated distribution centers and approximately 350 full-service branches in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere.  and selected international markets, providing a local presence for area customers and a global network to serve multi-location businesses and multi-national corporations.

The National Sales Representative Agreement between Capstone and WESCO Distribution was signed to enhance the sale of Capstone MicroTurbine(R) energy systems.

"This arrangement offers Capstone the opportunity to strategically leverage WESCO's broad capabilities throughout the country," said Tucker. "Their expertise and knowledge in electrical systems and components will be a great addition to complement Capstone's strategic sales growth initiatives. This will be particularly beneficial in markets where the installation of onsite distributed generation and combined heat and power (CHP CHP Chapter
CHP Combined Heat and Power
CHP California Highway Patrol
CHP Cumhuriyet Halk Partisi (Turkish: Republican People's Party)
CHP Chemical Hygiene Plan (OSHA)
CHP Community Health Plan
) is needed."

Tucker continued, "The talented and professional sales force of WESCO brings to us exactly the capabilities we have been seeking to augment our sales efforts. WESCO's broad geographic and commercial presence enhances the opportunity for improved sales growth for Capstone MicroTurbines. In particular we anticipate WESCO can create a positive impact for Capstone in large corporate account arenas, such as hotels, apartments and condominiums, and commercial and industrial properties."

About Capstone Turbine

Capstone Turbine Corporation (www.microturbine.com)(Nasdaq:CPST) is the world's leading producer of low-emission microturbine systems. In 1998, Capstone was the first to offer commercial energy products utilizing microturbine technology, the result of more than ten years of focused research. Capstone Turbine has shipped more than 3,000 Capstone MicroTurbine systems to customers worldwide. These award-winning systems have logged more than 9 million hours of documented operation. An 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 certified company, Capstone Turbine is headquartered in the Los Angeles area with sales and/or service centers in 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
, Milan 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 Capstone's business, with regard to, among other items, expectations of benefits from the Agreement entered into between Capstone and WESCO. Forward-looking statements may be identified by words such as "expect," "believe" and similar phrases. These statements are subject to numerous assumptions, risks and uncertainties that may cause Capstone's actual results to be materially different. These statements speak only as of the date of this release. Capstone disclaims any obligation to revise these statements hereafter.

Editors:

Spec sheets on Capstone MicroTurbine models are at: www.microturbine.com/technology/specsheets.asp

Some example case studies are at: www.microturbine.com/onsite
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Geographic Code:1USA
Date:Jul 6, 2005
Words:643
Previous Article:NutriSystem to Report Second Quarter Financial Results on July 27.
Next Article:ThomasNet.com Announces Content Partnership With Entrepreneur.com.
Topics:



Related Articles
CAPSTONE TURBINE SINKS IN WEAKENED ECONOMY.
Capstone Turbine Announces 1st Quarter 2006 Results.
Capstone Broadens NY Sales Team.
Capstone Turbine Corporation Announces Service Agreement with ITS/PEMEX.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles