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Capstone Turbine Corp. (CPST) Inks Supply Agreement with Barber-Nichols
09/10/08
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Capstone Turbine Corp. (Nasdaq: CPST: Summary, Messages, Articles) leads the industry in the production of low-emission microturbine systems, and was the first company to market commercially viable microturbine energy products. The company is a member of the U.S. Environmental Protection Agencyâs Combined Heat and Power Partnership, committed to improve measures the nation takes to reduce emissions and greenhouse gases.
Moving forward with this mission, Capstone today announced it has signed a supply agreement with Barber-Nichols Inc., in which Barber-Nichols will have the right to incorporate Capstoneâs air bearing components for non-competing applications. Capstone will be Barber-Nicholsâ exclusive supplier for air bearing technology, and though Barber-Nichols is not authorized to resell or provide maintenance on air bearings for Capstone, it is authorized to use the Capstone name and logo, and reference the supplier in advertising and promotional actions.
As a designer, engineer, manufacturer and tester of specialty turbomachinery products, Barber-Nichols vice president said the agreement will deliver benefits to its customers and line of products. “We have seen the benefits of air bearing technology demonstrated in Capstone microturbine equipment and believe the technology and experience can bring value to our products and customers,” Bob Linden, vice president of Barber-Nichols stated in the press release.
Capstoneâs microturbine power generators are low maintenance, operating as a single rotating shaft supported by the companyâs patented air bearing technology, which eliminates the need for maintenance items such as oil lubrication. The air bearings also reduce wear and extends operating life.
“Capstone has made a significant investment in air bearing technology and this agreement allows us to better leverage our technology. The combined Barber-Nichols and Capstone ingredient branding strategy should improve brand recognition and market adoption of our products,” Darren Jamison, president and CEO, Capstone stated.
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Today
| Stocks | Searches Today | ||
|---|---|---|---|
| CPST | (CAPSTONE TURBINE) | Summary Messages Articles | 5 (0%) |


