Capstone Turbine Appoints VP Business Development & Sales for Europe.Business Editors CHATSWORTH, Calif.--(BUSINESS WIRE)--July 19, 2001 Capstone Turbine Capstone Turbine Corporation NASDAQ: CPST, incorporated in 1988, is a California based gas turbine manufacturer that specializes in microturbine power and heat cogeneration systems. Capstone has sold and shipped more than 3,000 of these one-moving-part systems worldwide. Corporation (www.microturbine.com) (Nasdaq:CPST CPST Cable Programming Services Tier CPST Commission on Professionals in Science and Technology CPST Community Psychiatric Supportive Treatment (Ohio) CPST Child Passenger Safety Technician CPST Classical Perturbation Scattering Theory ) has appointed Hans Gners, currently the General Manager of Business Advice & Development for ABB n. 1. Among weavers, yarn for the warp. Hence, Noun 1. ABB - an urban hit squad and guerrilla group of the Communist Party in the Philippines; formed in the 1980s Power Systems in Sweden as Capstone's new Vice-President of Sales and Business Development for Europe and the Middle East. Gners, who will remain based in Sweden, will begin working for Capstone in September 2001. In his current role with ABB, Gners has been responsible for the development and negotiation of several multi-million-dollar contracts worldwide. He developed tools for energy project handling and was a regulation adviser for electricity trading, transmission and distribution, and wind power. "In his 30 years with ABB, Hans has held a number of key posts with progressively responsible roles in manufacturing, sales and business development worldwide, including three years in Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, as contract manager for a $250-million turnkey See turnkey system. transmission project," said Dr. Ake Almgren, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Capstone Turbine. "The European market for our systems is quite different from that of North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Japan, which are our two major and very diverse, distribution regions. Hans has many years of direct knowledge of the rapidly changing European market dynamics, and I believe that his skills and experience will be of great benefit," Almgren said. Capstone's European sales efforts are currently managed by Steve Gillette, who joined Capstone in 1999. Gillette was recently appointed Capstone's Director of CHP CHP Chapter CHP Combined Heat and Power CHP California Highway Patrol CHP Cumhuriyet Halk Partisi (Turkish: Republican People's Party) CHP Chemical Hygiene Plan (OSHA) CHP Community Health Plan Applications, overseeing development and market implementation of very-high-efficiency Capstone-driven combined-heat-and-power options and integrated systems, such as those defined in the Department of Energy's recent $3-million award to Capstone (see www.microturbine.com/whatsNew/pressrelease.asp?article=126). About Capstone Turbine Capstone Turbine Corporation (www.microturbine.com; Nasdaq: CPST) -- winner of Financial Times Energy's (www.ftenergy.com) 2000 Global Energy Award for Most Innovative Commercial Technology -- is a 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 10 years of focused research. Capstone MicroTurbines can serve business and facility loads ranging from several kilowatts to several megawatts. Worldwide, more than 1,000 commercial production Capstone MicroTurbine systems serve, among others, the following applications: -- Hybrid electric vehicles (HEVs): onboard generation -- Resource recovery: converting oilfield, landfill and sewage waste gases into electricity -- Micro-cogeneration: combined heat/power/chilling solutions -- The 9s market: power quality and reliability This press release contains "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. ," as that term is used in the federal securities laws, about Capstone's business, including statements regarding anticipated benefits from skills and experiences of newly appointed management personnel and other such statements. You can find many of these statements by looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. words such as "believes," "expects," anticipates," "estimates," or similar expressions. These forward-looking statements are subject to numerous assumptions, risks and uncertainties that may cause Capstone's actual results to be materially different from any future results expressed or implied in such statements. These risks and uncertainties include those risks, uncertainties, marketplace competitors and risk factors identified, among other places, under "Business Risks" in Capstone's Annual Report (www.corporate-ir.net/ireye/ir_site.zhtml?ticker ticker An automated quotation system on which security transactions are reported after they occur on an exchange floor. Even though the newer systems are electronic and no longer actually tick, the name of the old mechanical device has stuck. =cpst&script=2100) on form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2000. Capstone cautions you not to place undue reliance on these statements, which speak only as of the date of this release. Capstone undertakes no obligation to release any revisions to such statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events. Note: Capstone's press release on the $3-million DOE award noted above is available at: www.microturbine.com/whatsNew/pressrelease.asp?article=126 Note: More information on Capstone's FT Energy Award noted above is available at: www.microturbine.com/whatsnew/pressrelease.asp?article=54 Note: High-resolution photos available at www.microturbine.com/whatsnew Note: Annual report is at: www.corporate-ir.net/ireye/ir_site.zhtml?ticker=cpst&script=2100 |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion