Scottsdale, Arizona 4/5/2008 5:06:56 AM
News / Finance

QualityStocks.net News – Capstone Turbine Corp. (CPST) Receives $2.6 Million follow-on Order from Switzerland-based Distributor

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We would like to highlight Capstone Turbine Corp. (NASDAQ: CPST). The company develops, manufactures, markets and services microturbine technology solutions for use in stationary distributed power generation applications, including cogeneration (combined heat and power (CHP) and combined cooling, heat and power (CCHP), resource recovery and secure power.

 

In the Company’s news today,

 

Capstone Turbine, the world’s leading producer of low-emission microturbine systems, announced April 3, 2008 that the Company received a follow-on $2.6 million C200 turbine order from Verdesis Suisse SA, its Switzerland-based distributor.

 

Verdesis Suisse SA ordered the systems, which will be sent out to multiple biogas sites throughout Austria, Germany and Spain. Verdesis’s previously ordered microturbines have been deployed in an array of applications at sites throughout France, Belgium, Germany and Switzerland.

 

Jim Crouse, Capstone’s Executive VP, Sales and Marketing said, “Europe continues to be a strong market for Capstone, and we continue to receive repeat business for our products from our distributors in Europe. Verdesis, in conjunction with its Micropower partners, Wels Strom, VTA Technologie GmbH and AESA SpA, provide expertise in deploying a number of multiple unit biogas applications as well as others that offer customers effective and reliable solutions.”

 

Darren Jamison, President and Chief Executive Officer of Capstone said, “I continue to be pleased with the preproduction orders that we have received for our C200 product.”

 

Tony Hynes, VP Sales, Europe, the Middle East and Africa commented, “Headquartered in Switzerland, Verdesis and its Micropower partners have developed marketing, application, sales and servicing expertise in the power generation industry and in the supply and service of energy for a variety of customers. We are very pleased to be working with the Verdesis team and are looking forward to continued business opportunities in the future.”

 

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