CHATSWORTH, CALIF., September 24 /CNW/ - Capstone Turbine Corporation
(www.microturbine.com) (NASDAQ: CPST), the world's leading manufacturer of
microturbine energy systems, today announced the signing of a new Distributor
agreement with Tarpon Energy Services Ltd. (www.tarponenergy.com) for the oil
and gas sector in western Canada.
Headquartered in Calgary, Alberta, Tarpon is a young and progressive
energy services company that specializes in offering an integrated suite of
products and expertise. Since its incorporation in 2003, Tarpon has grown a
team of dedicated professionals that's more than 1,200 strong with 25 field
locations across western Canada, three manufacturing facilities, and clients
around the world. Tarpon has a breadth of products and services for a range of
industries such as oil and gas, oil sands and mining.
"Tarpon Energy Services continues to offer a comprehensive suite of
turnkey products and services to its customers," said Jim Crouse, Executive
Vice President, Sales & Marketing. "With their recent acquisitions of Orban
Industries and Canfer Rolling Mills, they can now offer their customers a
total solution from design to fabrication, installation, maintenance and
"Signing this agreement with Tarpon Energy Services is critical as it
enables distribution of our products into western Canada's oil and gas
business," said Darren Jamison, Capstone's President and Chief Executive
Officer. "Tarpon is a company that is committed to supplying high quality
products and services and continually strives to improve performance by
understanding their clients' exact requirements. In addition, the company
recognizes the importance of environmental protection in all areas of their
business and adheres to industry guidelines and pertinent government
legislation in all of their operations," added Jamison.
"As Tarpon completed 2006 with outstanding results, we demonstrated our
position as a growth company by taking top honors in two prestigious
competitions - Canada's 50 Best Managed Companies and Alberta Venture's Fast
50. In order to qualify as one of Canada's 50 Best Managed Companies, we were
judged on four strengths: strategy, capability, commitment and financials,"
said Mark Fleury, Director of Tarpon Energy Services, Ltd., Power & Leasing.
"Capstone Turbine Corporation's leadership in clean and green microturbine
solutions for the oil and gas industry and its continuing commitment to
develop quality products, make them an ideal partner," added Fleury. "We are
looking forward to working together for a successful long-term relationship
between our two companies."
Tarpon Energy Services and Capstone Turbine Corporation recently
participated in the world's largest Oil Sands Trade Show and Conference in
Edmonton, Alberta, Canada on September 19-20, 2007.
About Capstone Turbine
Capstone Turbine Corporation (www.microturbine.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 certified company; Capstone Turbine is headquartered in the Los
Angeles area with sales and/or service centers in New York, Mexico City,
Milan, Nottingham, Shanghai and Tokyo.
"Capstone Turbine Corporation" and "Capstone MicroTurbine" are registered
trademarks of Capstone Turbine Corporation. All other trademarks mentioned are
the property of their respective owners.
This press release contains "forward-looking statements," as that term is
used in the federal securities laws, about new sales opportunities for
Capstone in the oil and gas sector, in particular, in western Canada and a
successful long-term relationship between Capstone and Tarpon Energy Services
Ltd. 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
For further information:
For further information: Capstone Turbine Corporation Alice Barsoomian,