Capstone Expands Southeast Asia Distribution -- Names Aqua Nishihara Its Distributor in Thailand
CHATSWORTH, Calif., June 2, 2009 (GLOBE NEWSWIRE) -- Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world's leading clean technology manufacturer of microturbine energy systems, today announced it named Aqua Nishihara as its distributor in rapidly expanding Thailand.
Aqua Nishihara, headquartered in Bangkok, designs and manufactures wastewater treatment systems. In addition to selling Capstone microturbines for wastewater treatment systems, Aqua Nishihara will focus on opportunities with landfills, oil and gas operations, offshore oil rigs, agricultural/biogas and combined heat and power applications.
Water pollution is a key issue in Thailand, especially in the populous Central Region, where high levels of industrial and domestic wastewater exist. For several years, Thailand's government has invested heavily in wastewater treatment plants, with the goal being to construct enough plants to provide 65 percent of the population with treated water.
In addition, the Thai government has implemented a Strategic Plan for Renewable Energy Development to increase the renewable energy share of commercial primary energy to 8 percent by 2011.
"Aqua Nishihara has the experience and network to increase Capstone sales in this region," said Jim Crouse, Capstone's Executive Vice President, Sales and Marketing. "With the government's focus on building wastewater treatment plants and increasing renewable energy opportunities, Capstone is well positioned to make an impact since our products emit extremely low emissions, are highly reliable and cost effective, and can run on a variety of fuels."
"Customers in Thailand want cost effective and highly reliable energy technologies that also have limited environmental impact," said Pawit Sudhawiyangkul, Aqua Nishihara Managing Director. "Although Thailand may be small in size, we're the 20th most populous country in the world, which means we must be smart in how we address energy issues. Capstone microturbines are the answer because they are environmentally friendly, highly reliable and efficient, offer modular design for easy installation, operate on a variety of fuels and can be used in co-generation and tri-generation applications," added Sudhawiyangkul.
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.
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This press release contains "forward-looking statements," as that term is used in the federal securities laws, about the economic and environmental advantages of Capstone Turbine's products and increased sales of Capstone's products in Thailand. 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.
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Released June 2, 2009