2016-04-25 | Shanghai
Shanghai, April 25th, 2016 – Jiangsu Jin Tong Ling Fluid Machinery Technology Co., Ltd, an A-share listed Company, today announced a Strategic Partnership with Capstone Turbine Corporation, a NASDAQ listed US Company based in Chatsworth, California. E. J. McKay acts as the exclusive financial advisor to JTL in this transaction.
The Strategic Partnership will focus on promoting Capstone’s microturbine products in China. JTL will cooperate as a new distributor of Capstone in China, and covers Capstone’s complete product range, C1000, C200, C65 and C30. Together JTL and Capstone can successfully expand microturbine business in China, resulting in sustained growth in Chinese market.
James Li, Chairman of E. J. McKay, commented, “We are pleased to act as the exclusive financial adviser to JTL in this transaction. This is yet another example of E. J. McKay’s domain expertise in the renewable sector, and also demonstrates our deep relationships in China and the firm’s broad global reach.”
Jiangsu based Jin Tong Ling is an A-share Company listed on the Shenzhen Stock Exchange, and provides large centrifugal fans and blowers, small steam turbines and compressors, among other products and services. JTL’s products are mainly applied in steel smelting, thermal power generation, petrochemical engineering, sewage disposal and nuclear power, among others. The Company is also taking great steps in the renewable sector.
Capstone is the world’s leading producer of low-emission microturbine systems and was the first to market commercially viable microturbine energy products. Capstone has shipped approximately 8,700 Capstone Microturbine systems to customers worldwide.