Capstone Turbine Corporation Appoints Dr. Ake Almgren Chief Executive Officer.TARZANA, Calif.--(BUSINESS WIRE)--June 22, 1998--In a move that positions the company for aggressive entry into the power generation market, 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. Corp. Monday announced the appointment of Dr. Ake Almgren as president and chief executive officer. Formerly with 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 , Almgren's career spans 28 years in power systems, power distribution and industrial engineering. Almgren assumes his duties with Capstone on July 1, 1998. "Ake is a world-class industry manager with a vision for distributed generation Distributed generation generates electricity from many small energy sources. It has also been called also called on-site generation, dispersed generation, embedded generation, decentralized generation, decentralized energy or that is consistent with Capstone's mission," said Capstone chairman of the board Vern Raburn. Raburn added, "Just last week, we celebrated the 100,000th field test hour completed by the Capstone MicroTurbine. That's more time in real-world applications than any other power generator of its kind. This positions Capstone to move into a new phase and Ake's proven record of turning engineering-focused organizations into profit-making businesses makes him the right leader at the right time." Prior to his position at Capstone, Almgren served as ABB business area manager for distribution transformers worldwide and was responsible for 36 factories in 28 countries. Almgren also presided as president over ABB Power T&D Co. Inc. in Raleigh, N.C. and prior to that appointment, served as president for ABB Power Distribution in Sanford, Fla. Before relocating in 1991 to the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Almgren was president of Electrolux Autoliv in Stockholm, Sweden. Under Almgren's leadership, the automotive restraint company established a North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. presence as well as expanded into the development of airbags. As president of ABB Power Systems Co., Almgren led turnkey projects in the United States, Canada, Brazil and India. Almgren began his career with ASEA after completing a master's degree master's degree n. An academic degree conferred by a college or university upon those who complete at least one year of prescribed study beyond the bachelor's degree. Noun 1. in engineering from Sweden's Royal Institute of Technology. Almgren also holds a Ph.D. in engineering from Linkopings Tekniska Hogskoia. Located in Tarzana, Capstone Turbine is the leading developer of clean, compact power-generating systems. Currently operating in a number of field test applications, the Capstone MicroTurbine will provide environmentally friendly Environmentally friendly, also referred to as nature friendly, is a term used to refer to goods and services considered to inflict minimal harm on the environment.[1] solutions for remote power, distributed power, combined heat and power, load management, stand-alone and standby power Standby power, also called Vampire power, refers to the electric power consumed by electronic appliances in a standby mode. A very common "electricity vampire" is a power adaptor built on a plug with no power switch. . Company information may be found at www.capstoneturbine.com.
CONTACT: Capstone Turbine Corp., Tarzana
Melissa Robinson, 818/774-9600
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