CPS is extremely pleased to enter this long term strategic relationship with Capstone
and to move from a competitive relationship to a collaborative relationship.
shares hit a 52-week high, gaining 32 cents to close at $1.
9, 2012 /PRNewswire-USNewswire/ -- Capstone
Associated Services, Ltd.
We believe Capstone
microturbines, integrated to work directly with UTC's combined heat and power equipment, will provide significant benefits to our customers,'' said Almgren, 55, who will continue to serve as Capstone
's president and chief executive officer until a successor is found.
We have seen the benefits of air bearing technology demonstrated in Capstone
microturbine equipment and believe the technology and experience can bring value to our products and customers," said Bob Linden, Vice President, Barber-Nichols.
With the economy weighing on most technology companies, Capstone
hasn't been hit with a vengeance, Shrestha said.
has exceeded anticipated shipments during the fourth quarter.
When reached for comment, Darren Jamison, President and Chief Executive Officer of Capstone
Turbine Corporation said: "One of our business strategies has been to add new business partners and strengthen the relationships with our existing ones.
Turbine Corporation (Nasdaq:CPST), a leading clean technology manufacturer of microturbine energy systems, has announced that it continues to broaden the application of its innovative C200 microturbines in the oil and gas industry with a recent order from a large natural gas and coal producer for a C200 fueled by coal bed methane gas--the first Capstone
microturbine of its kind in the United States.
Turbine Corporation" and "Capstone
MicroTurbine" are registered trademarks of Capstone
Shareholders of Capstone
and security holders of Far West will each vote on the Arrangement Agreement at special meetings to be held concurrently on June 13, 2011 and if it is approved at both meetings, the proposed transaction is expected to become effective on or about June 16, 2011.
The University of Southern California's Marshall Business School hosted its first Capstone
course in July in Los Angeles.