Capstone Turbine Corporation Announces Service Agreement with ITS/PEMEX.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 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 ) is pleased to announce that it has signed a five-year service agreement with Integrated Trade Systems, Inc. (ITS), that will benefit PEMEX Pemex officially Petróleos Mexicanos Mexico's state-owned oil company. In 1938 Pres. Lázaro Cárdenas nationalized 17 foreign oil companies to create Pemex, the largest Latin American petroleum company and a major world exporter of fossil fuel. , Mexico's National Oil & Gas Company. The Agreement will allow PEMEX to request directly parts and services for its fleet of Capstone microturbines installed on platforms in the Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east . ITS, wholly owned by Petroleos Mexicanos (PEMEX), provides integrated international procurement services to the five entities of PEMEX in Mexico. Capstone Turbine Corporation is the world's leading manufacturer of microturbine energy systems, and produces the world's only microturbine systems certified by Underwriters Laboratories Underwriters Laboratories Inc. is a U.S. not-for-profit, privately owned and operated product safety testing and certification organization. Based in Northbrook, Illinois, UL develops standards and test procedures for products, materials, components, assemblies, tools and for Class I, Division 2 hazardous locations. "Capstone's MicroTurbine system offers a good value proposition for offshore platforms with its small footprint and low maintenance features. This agreement will help PEMEX streamline the process of procuring parts and technical services to support their operating fleet." said Mark Gilbreth, Interim President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Capstone Turbine Corporation. Capstone Turbine recently participated at the "Environmental Expo" in Monterrey, Mexico, which was a part of Governor Schwarzenegger's Mexico Trade Mission on November 8 - 10, 2006. The goal of the Trade Mission was to strengthen ties and increase economic opportunities in Mexico, California's top trading partner. High level representatives of the Monterrey government, private companies, and Governor Schwarzenegger attended the expo. 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 more than 3,500 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 (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 , Mexico City, Milan, Nottingham, Shanghai and Tokyo. This press release contains "forward-looking statements", as that term is used in the federal securities laws, about Capstone's business, with respect to streamlining the ordering of parts and service by PEMEX. This result depends upon compliance by the parties with the service agreement and PEMEX' satisfaction with the parts and service provided, among other factors. This agreement does not assure Capstone of any revenue except to the extent of orders received from PEMEX. "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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