Capstone Turbine Names Dennis Schiffel to Board of Directors.CHATSWORTH, Calif. -- Dennis Schiffel, former Senior Vice President and Chief Financial Officer of Sierra Pacific Resources Sierra Pacific Resources NYSE: SRP is a utility holding company based in Reno, Nevada. The company's focus is in energy distribution and commercial and retail sales of electricity and natural gas. History The holding company was created in 1984. , has been named to the board of directors of 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 ), the world's leading microturbine power systems manufacturer. "We are pleased to have Mr. Schiffel as a new member of the board," said Eliot Protsch, Capstone's Chairman of the Board. "Dennis brings more than 25 years of financial and planning experience to Capstone. In addition to providing financial expertise to our Board and having a background in the electric utility industry, Dennis brings experience in the oil and gas industry, which is one of our market focus areas." Mr. Schiffel's career includes more than twenty years TWENTY YEARS. The lapse of twenty years raises a presumption of certain facts, and after such a time, the party against whom the presumption has been raised, will be required to prove a negative to establish his rights. 2. at Atlantic Richfield Company (ARCO), where, in addition to management roles in finance, he served in various international management positions, ending as the Vice President (Executive Officer) Corporate Planning. Following ARCO, he was appointed Senior Vice President and Chief Financial Officer of Sierra Pacific Resources, an energy company, and currently is an independent business-planning consultant. "I am delighted to have been invited to serve on the board of Capstone," said Mr. Schiffel. "Having worked in the energy industry, starting in 1977 with the Solar Energy solar energy, any form of energy radiated by the sun, including light, radio waves, and X rays, although the term usually refers to the visible light of the sun. Research Institute, I have an appreciation for the opportunities Capstone has to provide a real solution to 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 needs in 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. and throughout the world. I believe the use of Capstone MicroTurbines(TM) will increase because of the low maintenance, high reliability and direct financial benefits microturbines can provide. I am looking forward to working with the Capstone team and its Board to realize these potentials." About Capstone Turbine Capstone Turbine Corporation (www.microturbine.com; Nasdaq:CPST) is the world's leading producer of low-emission microturbine systems. In 1998, Capstone was the first to offer commercial energy products utilizing microturbine technology, the result of more than ten years of focused research. Capstone Turbine has sold and shipped more than 2,800 Capstone MicroTurbine systems to customers worldwide. These award-winning systems have logged more than 6 million hours of documented operation. "Capstone Turbine Corp" is a registered trademark of Capstone Turbine Corporation. |
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