Capstone Turbine Names Emily Liggett Interim COO.Business Editors CHATSWORTH Chatsworth, estate, Derbyshire, central England, near Chesterfield. It is the seat of the dukes of Devonshire. Begun in 1552, the present Classical-style Chatsworth House was rebuilt in 1686. , Calif.--(BUSINESS WIRE)--Nov. 21, 2002 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, today announced that Emily EMILY Early Money Is Like Yeast EMILY Electronic Membrane-Information Library EMILY Every Moment I Love You Liggett Liggett may refer to:
The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . The Company had previously announced its intention to seek an interim executive as a result of Dr. Ake Almgren's announcement in October that he plans to retire as 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. and President. "We are delighted to have someone of Ms. Liggett's caliber to work with us at Capstone during this very important stage in the Company's life," said Eliot Protsch, Chairman of Capstone Turbine Corp. "Emily brings a breadth of experience having served in a wide variety of roles throughout her career. During a 16-year period with Raychem Corporation she had lead positions in divisional marketing and sales functions, was a divisional director of operations, was the general manager of a telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. and energy products business and ultimately was the chief executive officer of the Elo TouchSystems subsidiary. In addition to this strong business background, Ms. Liggett holds two degrees in engineering and an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration ." Dr. Almgren commented, "I am pleased to have Ms. Liggett join our management team and look forward to her leading the company in this interim timeframe. This change will permit me to further my efforts on our strategic partnering initiatives and will also help ensure a smooth transition through the search for a new CEO." In addition, Capstone Turbine Corporation announced that for the fourth quarter to date the company has shipped 0.6 MW of product and has recorded orders for an additional 1.7 MW of product. "We are continuing to experience the effects of the tight capital spending capital spending Spending for long-term assets such as factories, equipment, machinery, and buildings that permits the production of more goods and services in future years. market," said Dr. Almgren. "While these adverse market conditions are affecting our sales, we are continuing our efforts to develop the organization and to position the company for the time when market conditions improve." About Capstone Turbine Capstone Turbine Corporation is the world's leading producer of very-low-emission microturbine systems used for onsite power production. 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 sold and shipped over 2,400 commercial production Capstone MicroTurbine systems to customers worldwide. These award-winning systems have documented more than 2 million hours of operation serving, among others, the following applications: -- Micro-cogeneration: combined heat/power/chilling/drying solutions -- Resource recovery: converting oilfield, landfill and sewage waste gases into electricity -- The 9s market: power security, quality and reliability, and -- Hybrid electric vehicles (HEVs): onboard generation 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 and its management. These forward-looking statements are subject to 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. Such factors include, but are not limited to, Capstone's dependence on its management and key employees and its ability to integrate new employees and for such new employees to adequately perform their duties; Capstone's ability to successfully execute its production, strategic partnering and marketing programs; and other factors detailed in the Company's filings with the Securities and Exchange Commission. The information provided on sales to date and recorded orders speaks only as of the date hereof here·of adv. Of this. hereof Adverb Formal or law of or concerning this Adv. 1. hereof - of or concerning this; "the twigs hereof are physic" and is not necessarily indicative of results for the entire quarter. While the Company has traditionally experienced a larger portion of its sales in the last month of the quarter than in either of the prior two months of the quarter, this pattern is not assured and may not occur in any particular quarter. Further, orders received to date may be cancelled or altered, or may be scheduled or rescheduled for shipment in periods beyond the current quarter. As a result, this press release contains no projection for fourth quarter shipments or orders. Capstone assumes no duty to update the information provided on its sales or orders in the fourth quarter. Capstone undertakes no obligation, and specifically disclaims any obligation, to release any revisions to any forward-looking statements to reflect events or circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or after the date of this release. Note: "Capstone Turbine Corp" is a registered trademark of Capstone Turbine Corporation. All other trademarks mentioned in this press release are the property of their respective owners. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion