CPS is extremely pleased to enter this long term strategic relationship with
Capstone and to move from a competitive relationship to a collaborative relationship.
Capstone 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.
Capstone 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.
Capstone 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.
Capstone Turbine Corporation" and "
Capstone MicroTurbine" are registered trademarks of
Capstone Turbine Corporation.
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.
