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Capstone Turbine Corp. (CPST) Signs New Distribution Agreement for Asia Pacific Region

Today, Capstone Turbine Corp. announced that it has inked a new distribution agreement with Sobono Energy Private Limited for Combined Heat & Power (CHP) and Resource Recovery applications in Singapore, Malaysia, Philippines, Thailand, Indonesia, Vietnam, Guam and Saipan. With headquarters in Singapore, Sobono Energy provides green, renewable energy solutions to customers in the Asia Pacific region.

Jim Crouse, Capstone Turbine’s Executive Vice President, Sales and Marketing, stated, “This agreement offers Capstone the opportunity to leverage Sobono’s broad capabilities throughout the Asia Pacific. Their expertise and knowledge as a green and clean energy solution integrator will be a great addition to complement Capstone’s strategic sales growth initiatives.

Darren Jamison, President and Chief Executive Officer of Capstone Turbine, commented, “One of our business strategies has been to add new business partners and strengthen the relationships with our existing ones. The talented and professional management and sales force of Sobono bring to us the capabilities we have been seeking to augment our sales efforts. Sobono’s broad geographic and commercial presence enhances the opportunity for improved sales growth for Capstone microturbines.”

Wee Khoon OH, Managing Director of Sobono Energy, added, “Our customers are driven by growing environmental concerns, needs of innovative on-site energy solutions that provide dependable and reliable power supply, as well as reduction in business costs. The new generation Capstone MicroTurbine(R) models C200, C600, C800 and C1000 come with attributes of high reliability and efficiency, modular design for easy installation, fuel flexibility, suitability for multi-MW application and adaptability for co-generation and tri-generation. These are indeed all the features that our customers are looking for. We are very pleased to be working with Capstone Turbine Corporation and look forward to a long-term successful relationship.”

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