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| Company Information |
| Capstone
Turbine Corp. |
| Symbol: CPST |
| Exchange: NASDAQ |
| Sector: Capt
Goods |
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| Share Related |
| September
26, 2003 |
| Price: $
1.88 |
| Shares
Out: 81.26 M |
| Est. Float:
76.40 M |
| 52 Wk: H/L
$2.57 / .51 |
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| Contact Information |
| Capstone
Turbine Corp |
| 21211
Nordhoff Street |
| Chatsworth,
CA 91311 |
| Phone:
818) 734-5300 |
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Fax:
(818) 734-5320 |
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Capstone
Turbine Corp |
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| Capstone
Turbine Corporation develops, manufactures and markets
microturbine technology for use in stationary distributed
power generation applications such as combined heat and power,
resource recovery and power quality and reliability, as well
as hybrid electric vehicles. Capstone's Model C30 and Model
C60 microturbines are approximately the size of a large
refrigerator. The Model C30 generates approximately 30
kilowatts of electric power, which is enough to power a
typical convenience store, and approximately 300,000
kilojoules per hour of heat. The Company has the ability to
vary and modify the microturbines to accommodate a variety of
applications and needs. |
Currently at a low for the week the company on Wednesday
said it had resumed production of its model C60 microturbines,
which it had halted due to quality problems. The company said
it was still delaying production of its low-pressure natural
gas C30 model due to a "component issue," though it
expects to resume in the next two to three weeks. The company
said on September 17 that quality issues had caused it to
delay production of some models of its products and added that
third-quarter financial results would be lower than expected
due to lower shipments.
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| About
Capstone |
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Capstone Turbine Corporation
is the world's leading producer of low-emission microturbine
systems. In 1998, Capstone was the first to offer commercial
power products utilizing microturbine technology, the result
of more than ten years of focused research. Capstone Turbine
has shipped more than 2,500 commercial production Capstone
MicroTurbine systems to customers worldwide. These
award-winning systems have logged more than 3.7 million hours
of operation serving, among others, the following
applications:
The Capstone MicroTurbine
system is suitable for applications ranging from remote
locations to city centers, delivering clean, high quality
power from a wide variety of fuels, with superior safety and
emissions. It offers the best value for clean and reliable
small-scale power production. Features including
maintenance-free air bearings, the lowest emissions of any
non-catalyzed fossil fuel combustion, and digital power
conversion combine to produce the optimal small-scale
generator.
Benefits:
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The Capstone MicroTurbineTM is a
compact, turbine generator that delivers electricity onsite,
or close to the point where it is needed. Designed to operate
on a variety of gaseous and liquid fuels, this form of
distributed generation technology first debuted in 1998. |
Scaleable. Efficient. Reliable. Innovative. Derived
through advanced engineering based on proven turbine design,
microturbines represent a watershed energy management
solution. Transforming the way businesses think about energy
production, Capstone MicroTurbine solutions can reduce energy
costs, ensure power availability and help preserve the
environment with its near-zero emissions profile.
Capstone systems offer value
across a broad spectrum of commercial, industrial and
government operations. Our focus applications include combined
heat and power, resource recovery of waste fuel from wellhead
and biogas sites, power quality and reliability, and hybrid
electric vehicles. And, unlike traditional back-up power, this
solution can support everyday energy needs and generate
favorable payback. Now.
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With over three
million hours collective runtime, demonstrated technological
leadership, and acknowledged achievements, Capstone Turbine is
today's leader in commercial power products utilizing
microturbine technology.
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Recent Management
News
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On Aug. 21, 2003 Capstone
Turbine announced they had implemented several changes in the
leadership of its sales, marketing, engineering and operations
functions "strengthening Capstone's ability to capture and
convert opportunities for growth," said Capstone CEO John
Tucker.
Tucker appointed Mike Redmond
Senior Vice-President of Engineering and Operations. In his 15
years at Boeing, Redmond held increasing levels of
responsibility in engineering management, including Chief
Engineer for Boeing's 737 Next Generation Program. Following his
positions at Boeing, Redmond was appointed Vice-President of
Engineering and Technology at Allied Signal Aerospace Equipment
Systems. Redmond was most recently Vice-President of R&D at
Schweitzer Engineering Laboratories, a manufacturer of digital
products for electric utility and industrial companies.
John Fink III was named to the
position of Senior Vice-President of Sales and Marketing. His
professional career in the leadership of sales and marketing
functions spans executive-level positions with several renowned
corporations, including Daimler-Benz, AEG-Westinghouse and York
International.
Sharon Faltemier - who has served
as Vice-President of Human Resources with divisions at Northrop
Grumman-Litton and at Boeing - is now Capstone's Vice President
of Human Resources.
"I believe these additions
to our leadership team further enhance our ability to take
advantage of our many opportunities," Tucker said.
"I'm excited about
Capstone's many market opportunities, including those most
recently brought to light by the unprecedented blackouts in the
northeast," Tucker added. "A number of facilities that
rely on Capstone MicroTurbines every day to reduce their energy
costs were able to keep operating, thanks to our products. I
believe these leadership changes will strengthen Capstone's
ability to capitalize on these and many other marketplace
opportunities."
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Corporate Counsel
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Office of Corporate
Counsel
Capstone Turbine Corporation
21211 Nordhoff Street
Chatsworth, CA 91311
Wilson Sonsini
Goodrich & Rosati
A Professional Corporation
650 Page Mill Road
Palo Alto, CA 94304-1050
650 493-9300
www.wsgr.com
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