Capstone (CPST) Rolls Out Factory-Direct Long-Term Rental Program

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09:50:32 am on February 4, 2009

 Capstone Turbine Corporation just announced the introduction of a long term green energy rental program. The company has already received 2 long-term rental orders for 20 C65’s, from distributors serving oil and gas companies.

From MarketWatch, here’s what two of Capstone’s top executives had to say about the program:

"This long-term rental program is designed to specifically target the Oil & Gas sector and Telecom companies that frequently deploy clean and reliable energy solutions while they build out permanent infrastructure," said Jim Crouse, Capstone Turbine Corporation’s Executive Vice President, Sales and Marketing. "This program was extremely well received at our global sales meeting, as it affords our distributors another sales tool to continue to expand the market for our products," added Crouse.

"This new program allows Capstone to convert some of its existing product inventory into high margin monthly rental income," said Darren Jamison, Capstone’s President and Chief Executive Officer. "We are pleased with the initial market response to our factory rental program as it fits our strategic objectives by seeding 20 of our proven C65 units into Oil & Gas customers who previously had no experience with our product," added Jamison.

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