Capstone Holds Regional Strategy Meetings in Kazakhstan to Grow Presence in Russian, CIS Market – Secures Two New Orders fr...
March 27 2017 - 8:30AM
Capstone Turbine Corporation (www.capstoneturbine.com)
(Nasdaq:CPST), the world's leading clean technology manufacturer of
microturbine energy systems, announced today that it recently held
a series of collaborative sales and marketing meetings in Almaty,
Kazakhstan with seven of its regional distributors. The meetings
are part of an ongoing effort to rebuild, strengthen and diversify
the company’s overall presence in Russia and the surrounding
Commonwealth of Independent States (CIS).
Synergy Astana, Capstone’s new distributor for Kazakhstan,
hosted the meetings, which were led by Jim Crouse, Capstone’s
Executive Vice President of Sales and Marketing and Capstone’s
Regional Sales Director, Kay Scholz, who recently relocated to
Almaty. The in-person meeting permitted for open discussions on
distributor best practices, product sales techniques, product and
sales pipeline updates, and the effective use of Capstone’s
customer relationship management (CRM) tool. Representatives from
BMTec, BPC Engineering, DV Energy, Electrosystems, GESS Consulting
Ukraine, Synergy Astana, and Thermoflex brought new and exciting
ideas to the table and provided key market intelligence with
updates for their individual territories.
“The recent meetings in Kazakhstan were well received by our
local area distributors, and we look to continue the collaborative
conversations as we move into the next fiscal year,” said Darren
Jamison, Capstone’s President and Chief Executive Officer.
“Constructive meetings like these are allowing Capstone to explore
new growth opportunities while sharing ideas with the people who
know the local regions inside and out,” added Mr. Jamison.
As a result of its revamped growth strategy in Russia and CIS,
Capstone announced two new orders from the region. BPC Engineering,
Capstone’s distributor in Belarus and Russia, secured a follow-on
order for a C1000 Signature Series microturbine, for immediate
shipment. Concurrently, Electrosystems, another Capstone
distributor in Russia, secured an order for a C65 microturbine,
which is also for immediate shipment.
“The rebuilding of our business in Russia and the surrounding
CIS area continues to go well as BPC Engineering was back up to 16%
of our total revenue during the last quarter. BPC paid and took
delivery of four Signature Series C1000 microturbines last quarter,
which to date was the best performance in over two years. Securing
an additional unit this quarter was another positive development in
our rebuilding process,” added Mr. Jamison.
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 has shipped
approximately 9,000 Capstone Microturbine systems to customers
worldwide. These award-winning systems have logged millions of
documented runtime operating hours. Capstone 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
9001:2015 and ISO 14001:2015 certified company, Capstone is
headquartered in the Los Angeles area with sales and/or
service centers in the United States, Latin America, Europe,
Middle East and Asia.
This press release contains "forward-looking statements," as
that term is used in the federal securities laws, about the
expansion of Capstone’s distribution channel, as well as the growth
and rebound of the Russian and CIS markets. 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.
"Capstone" and "Capstone Microturbine" are registered trademarks
of Capstone Turbine Corporation. All other trademarks
mentioned are the property of their respective owners.
CONTACT: Capstone Turbine Corporation
Investor and investment media inquiries:
818-407-3628
ir@capstoneturbine.com
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