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Industry News
Capstone Acquires Calnetix Microturbine Business
Capstone Turbine Corporation has acquired the TA100 microturbine product line from Calnetix Power Solutions, Inc. (CPS) and entered into a manufacturing
sub-contract agreement and an original equipment manufacturer (OEM) agreement with selected exclusive rights to package a combined
microturbine and waste heat recovery generator (WHG) product.
Under the purchase agreement Capstone acquired, subject to certain
reserved rights relating to an existing license retained by CPS, all of
the rights and assets related to the manufacture and sale of the CPS
TA100 100 kW microturbine generator including intellectual property,
designs, tooling, drawings, patents, know-how, distribution agreements
and supply agreements. Under a separate agreement Capstone and CPS also
entered into a manufacturing sub-contract arrangement under which CPS
will continue to manufacture the TA100 turbines for Capstone from
existing CPS TA100 backlog and selected new orders received. CPS had
approximately US$7.5 million in product and aftermarket parts backlog at
the time of closing.
Capstone and CPS also entered into a three-year OEM agreement under
which CPS will supply its new 125 kW waste heat recovery
generator system. In exchange for certain minimum purchase
requirements, Capstone will have exclusive rights to sell the zero
emission waste heat generator for all microturbine applications and for
applications below 500 kW where the source of heat is the exhaust of a
reciprocating engine used in a landfill application.
"CPS is extremely pleased to enter this long term strategic
relationship with Capstone and to move from a competitive relationship
to a collaborative relationship. By doing so we will leverage the
combined companies' microturbine and waste heat recovery technologies,"
stated Brad Garner, president of CPS. "CPS is looking forward to leveraging
the existing Capstone worldwide distribution channel and well known
brand to quickly grow the market acceptance of our new waste heat
recovery generator," he added.
For more information: www.microturbine.com
Tuesday, February 02, 2010
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DIESEL & GAS TURBINE WORLDWIDE
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