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CPST
Capstone Turbine Expands Distribution Into Middle East -- Names Al-Nasr International Its Distributor in United Arab Emirates
8:30a ET September 23, 2009 (GlobeNewswire)
Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world's leading clean technology manufacturer of microturbine energy systems, has named Al-Nasr International LLC its distributor in the United Arab Emirates.
Established in 1992, Al-Nasr specializes in electrical and civil contracting, building construction, intelligent transportation systems, contract maintenance and operations services, alternative-power generation, metal fabrication and real-estate investment partnerships. The company is based in Al Ain, with field offices in Abu Dhabi, Dubai and Ajman.
For Capstone, Al-Nasr will sell and install Capstone turbines and microturbines in oil and gas, turbo electric and power applications throughout the seven-state UAE.
"The fast-growing United Arab Emirates is a new market for Capstone," said Jim Crouse, Capstone's Executive Vice President, Sales and Marketing. "Cities throughout the UAE are growing quickly, which means the need for reliable and efficient on-site power is becoming even greater. Capstone systems are highly efficient, compact and can withstand extreme temperatures, making them an ideal energy solution for this region."
"The addition of Capstone Turbine's suite of products and systems expands the scope of our business into alternative power generation, which is desperately needed throughout the United Arab Emirates," said Dr. Bill Sowell, CEO, Al-Nasr International. "There are new buildings that are near completion, but because demand for electricity greatly exceeds supply, local power companies won't be able to connect them to the power grid until 2012."
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 4,000 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 9001:2000 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, Singapore and Tokyo.
The Capstone Turbine Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6212