Capstone Turbine (CPST) Receives $2.9M in New Orders from E-Quad Power Systems

January 28, 2013 8:32 AM EST
Capstone Turbine Corporation (Nasdaq: CPST) reports that it received new orders in January from its German distributor E-Quad Power Systems GmbH. The orders include two C1000 packages, one C200, 14 C65s and four C30s, totaling approximately $2.9 million in product expected to ship in the next six months.

In November Bloomberg's Business Week declared it official that Europe was in a double-dip recession. Bloomberg reported that the 17-country euro zone has fallen into its second recession since 2008, as figures released on November 15th showed gross domestic product declining 0.1 percent during the third quarter. That followed a 0.2 percent contraction during the previous three months, according to the European Union's statistics office.

Bloomberg also reported there were some unexpected bright spots. Germany and France posted 0.2 percent quarter-on-quarter growth, ahead of expectations. Even some of the region's most troubled economies suffered relatively modest contractions, including 0.3 percent in Spain and 0.2 percent in Italy.

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