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Capstone Turbine Corp (CPST) Signs New Distributor Agreement with Reagan Equipment Co., Inc.

Capstone, the world’s leading clean technology manufacturer of microturbine energy systems, announced it signed a new Distributor agreement with Reagan Equipment for all applications and market segments in the Southeastern region of the U.S. including Louisiana, Mississippi, Georgia, North and South Carolina, Florida, Tennessee and the US Gulf of Mexico.

Reagan Equipment was founded in 1946 as a machine shop servicing oilfield components through the 1960’s and 1970’s, and developed an extensive branch network as well as set the standard for fabricating power packages in the oilfield industry. Their installations include electrical power generation, oil field pumping, gas compression, wastewater disposal, sewage treatment, marine power generation and propulsion, as well as peak shaving, cogeneration, and chiller plants.

Jim Crouse, Executive Vice President, Sales and Marketing stated, “For over half of the twentieth century, Reagan Equipment Co. has been putting power packages of all types to work throughout the world. With concerns for power security and reliability, signing the agreement with Reagan will open new sales opportunities in the region.”

Lee Richards, Capstone’s Director, Sales, Oil and Gas stated, “Reagan Equipment Company’s highly qualified in-house team works with their customers to determine the most economical and practical way to obtain their power package.”

Darren Jamison, President and Chief Executive Officer of Capstone Turbine Corporation said, “As I mentioned during our most recent earnings call, we were looking for a partner in the U.S. to strengthen our oil and gas outreach. This agreement with Reagan Equipment Co. is a good opportunity for Capstone to expand the distribution of our products in the Southeastern region of the United States. For over 60 years, Reagan Equipment Co. has been the total solution provider for power packaging needs. From maintenance contract to project management, from engineering to custom controls, Reagan is a total solution provider.”

Tom Reagan, President and Chief Executive Officer of Reagan Equipment Co. commented, “The Reagan formula for success is to provide a quality product, back it with superior service, and create a strong branch network that can efficiently and effectively service clients 24 hours a day, 7 days a week. Working with Capstone will be mutually beneficial partnership as we share the same values of attention to product quality, attention to customers and their needs, and attention to the environment.”

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