Capstone Turbine Corp (CPTC) announced that Capstone-branded products have been approved by the General Services Administration (GSA) and are now on the GSA Schedule.
“As a result of our continuing efforts to place Capstone MicroTurbineÂ® products into large market potentials, we have now created an avenue for the sale of Capstone-branded microturbine products to the U.S. government,” said Capstone CEO John R. Tucker. “We are very pleased to receive this GSA approval and recognize the importance of being qualified as a GSA Schedule supplier. We have proactively taken this step, and created this opportunity, to provide Capstone products to one of the largest potential distributed generation buyers worldwide.” [ more ]
Shares of Capstone rose 11% yesterday on this news and the stock is up another 1% in pre-market trading this morning.