08.12.03

8.12.2003: Meldung: Alvin Snaper Joins Capstone International Corp.

Capstone International Corp. announced today that through the assistance of First National Power, it has finalized its agreement with Alvin Snaper, of Impactive Technology Inc to transfer all of the technology and all rights to use, manufacture and market the proprietary technology under development described as the "Propless Wind Power Generator" (PWPG). Mr. Snapper will Chair the CITC Technology Advisory Board.

About Capstone

Capstone International Corp. is listed on the Nasdaq Over-The-Counter Bulletin Board, under the trading symbol CITC, (formally CILC). The CITC Green Energy Power Generation business model is designed to implement cutting edge technology not formerly utilized in the electricity power generation industry. The goal is to build a Power company with proprietary generating stations located on customers"" buildings. The continuing failure of international power grids endorses the need for the technology being developed by Capstone. Capstone""s plan calls for individualized power generation units to support small industry and high-rise commercial and residential complexes. During local and regional power failures, Capstone expects its PWPG technology to power buildings and continue to provide "green" power. ( http://members.rogers.com/capstone/ ).

About Alvin Snaper, of Impactive Technology Inc.

Alvin A. Snaper has been engaged in scientific research and development of products and processes for over 30 years. His well-known inventions include the IBM Selectric Type Ball, Tang and the NASA Apollo Photo-Pack. In addition to these, he has been awarded approximately 600 other patents, many for significant industrial products and Mr. Snaper will continue to develop the PWPG to economic completion, transfer all patent rights to Capstone and assist Capstone in its filing of any and all additional patent information on behalf of Capstone.

"Safe Harbor" Statement Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company"s expectations with regard to the future impact on the company"s results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company"s actual results may differ materially from expected results.

Contact:
Capstone International Corp.
21211 Nordhoff Street
Chatsworth, CA 91311
Phone: (818) 734-5300
Fax: (818) 734-5320
Nach oben scrollen
ECOreporter Journalistenpreise
Anmelden
x