Capstone Turbine Continues to Expand Worldwide Distribution Market; Names Rikans International Its Distributor in Pakistan
CHATSWORTH, Calif., June 7, 2010 (GLOBE NEWSWIRE) -- Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world's leading clean technology manufacturer of microturbine energy systems, has named Rikans International its distributor in Pakistan.
As a Capstone distributor, Rikans will sell and service low-emission Capstone microturbines to a variety of Pakistani business sectors, including hospitality, residential, education, health care, offices, retail, recreation, industrial, telecom and government.
Pakistan, located in South Asia bordering the Arabian Sea, is facing an extreme energy crisis and is in desperate need of reliable and efficient energy systems. According to a 2004 report by the Islamabad Policy Research Institute, "Pakistan is most likely to face a major energy crisis in natural gas, power and oil in the next three to four years that could choke the economic growth for many years to come."
"Load-shedding is common with frequent blackouts occurring, which severely impacts businesses and the economy. Onsite power solutions like Capstone microturbines are key to helping Pakistan meet its fast-growing demand for power. Not only are Capstone products reliable, they can operate independently of the grid, produce clean energy and run on a variety of fuel types," said Jim Crouse, Capstone's Executive Vice President of Sales and Marketing.
"Rikans International is honored to offer Capstone products to Pakistan's business and government entities," said Ch Muhammad Imran, Managing Director of Rikans. "Pakistan's energy crisis is creating considerable discontent nationwide. Capstone microturbines can play a critical role in helping to alleviate the energy pressures so many organizations are now facing. Capstone microturbines' low emissions and high reliability are important factors in addressing Pakistan's failing power distribution infrastructure."
About Capstone Turbine Corporation
Capstone Turbine Corporation (www.capstoneturbine.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 5,000 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 and greenhouse gases. A UL-Certified ISO 9001:2008 and ISO 14001:2004 certified company; Capstone is headquartered in the Los Angeles area with sales and/or service centers in the New York Metro Area, Mexico City, Nottingham, Shanghai and Singapore.
The Capstone Turbine Corporation logo is available at https://www.globenewswire.com/newsroom/prs/?pkgid=6212
This press release contains "forward-looking statements," as that term is used in the federal securities laws, about the advantages of our products and their ability to address the energy crisis in Pakistan. 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.
"Capstone Turbine Corporation" and "Capstone MicroTurbine" are registered trademarks of Capstone Turbine Corporation. All other trademarks mentioned are the property of their respective owners.
CONTACT: Capstone Turbine Corporation Investor and investment media inquiries: 818-407-3628 email@example.com
Released June 7, 2010