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Capstone Turbine (CPST) Announces New Distributor Agreement with General Detectors International

October 13, 2008 4:22 PM EDT
CPST Hot Sheet
Overall Analyst Rating:
    BUY (= Flat)

Revenue Growth %: +13.6%
Capstone Turbine Corporation (NASDAQ: CPST) announced the signing of a new Distributor Agreement with General Detectors International, Inc. for oil and gas applications and market segments in Venezuela and Trinidad and Tobago.

Established in 1996, General Detectors International, Inc. (GDI) is an integrated controls and instrumentation specialty company based in Houston, Texas, with offices in Venezuela (General Detectors, C.A.) and Trinidad (General Detectors Trinidad, Ltd.). The company's core business is focused on the petroleum industry, including petrochemicals and refining, as well as onshore and offshore oil and gas production.

Capstone Turbine Corporation (Capstone) develop, manufacture, market and service microturbine technology solutions for use in stationary distributed power generation applications, including cogeneration (combined heat and power (CHP) and combined cooling, heat and power (CCHP), resource recovery and secure power. [SM]

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