InvestorsHub Logo
Post# of 76351
Next 10
Followers 19
Posts 10888
Boards Moderated 0
Alias Born 12/29/2002

Re: None

Monday, 06/30/2008 6:40:37 AM

Monday, June 30, 2008 6:40:37 AM

Post# of 76351
Capstone Signs Agreement with Distributor for Alaskan Market
Monday June 30, 5:00 am ET


CHATSWORTH, Calif.--(BUSINESS WIRE)--Capstone Turbine Corporation (www.microturbine.com) (NASDAQ:CPST - News), the world’s leading clean technology manufacturer of microturbine energy systems, today announced the signing of a new distributor agreement with Ecodyne-Pacific Rim, Inc. for all of Capstone’s applications and market segments, except Hybrid Electric Vehicles (HEV), for Alaska.
ADVERTISEMENT


Headquartered in Anchorage, Alaska, Ecodyne-Pacific Rim, Inc., was established to bring the benefits of power security and reliability to communities that do not have access to this vital resource. Their mission is to offer their customers high quality distributed generation and power security related products using suppliers with top quality products and to provide dedicated support and service to them. Through this approach, their goal is to provide affordable, clean and reliable power to remote towns in Alaska.

“Ecodyne-Pacific Rim will cover an impressive list of market segments. Their expertise in the field of distributed generation and reputation throughout Alaska make them an ideal partner for us,” said Jim Crouse, Capstone’s Executive Vice President of Sales & Marketing.

“Our goal is to seek distributors that have business experience and are capable of supporting our growth plans in our targeted markets,” said Darren Jamison, President and Chief Executive Officer of Capstone Turbine Corporation. “With the high price of diesel-based power in remote communities in Alaska, we believe it will allow us to expand the use of our products in Alaska,” added Jamison.

“We pride ourselves on providing our customers with a total solution which not only has economic benefits, but also has social benefits,” said Mr. Francis (Frank) L. Avezac, President of Ecodyne-Pacific Rim, Inc. “In addition to providing green and clean energy solutions, Capstone Turbine’s air-cooled design and patented air bearing technology eliminate the high maintenance costs and downtime of traditional power generators. We are excited about our new distribution agreement with Capstone and are looking forward to a long and successful relationship,” added Avezac

http://biz.yahoo.com/bw/080630/20080630005352.html?.v=1

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.