Capstone Turbine Names John Tucker CEO.Business Editors CHATSWORTH, Calif.--(BUSINESS WIRE)--Aug. 4, 2003 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 (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 ) (www.microturbine.com), the world's leading microturbine power systems manufacturer, today announced that it has named John Tucker For other persons named John Tucker, see John Tucker (disambiguation). John G. Tucker (born September 29, 1964) is a former Canadian professional ice hockey centre who played twelve seasons in the National Hockey League in the 1980s and 90s. as its new Chief Executive Officer. "We are delighted to announce that John Tucker has joined us as the President and Chief Executive Officer and as a director of Capstone," said Eliot Protsch, Chairman of the Board of Capstone Turbine Corp. "This was a difficult search because we were 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. a unique combination of skills. We saw a number of well qualified candidates, but John possesses the leadership, experience, market knowledge and business acumen acumen Astuteness, perception, perspicacity that we were seeking. In addition, he has experience in the microturbine industry. We are very pleased to have Mr. Tucker aboard in this role." Mr. Tucker was previously the President and Chief Executive Officer of York International Corporation, the President of AlliedSignal Aerospace's Aerospace Equipment Systems business sector, the Chief Executive Officer and Chairman of Daimler Benz Aerospace's Motoren & Turbine turbine, rotary engine that uses a continuous stream of fluid (gas or liquid) to turn a shaft that can drive machinery. A water, or hydraulic, turbine is used to drive electric generators in hydroelectric power stations. Union operations and the President of AEG-Westinghouse Transportation Systems. In addition to these executive positions, he has held leadership positions in engineering, program management, sales and marketing, and customer service. He has a Mechanical Engineering degree from Pennsylvania State University Pennsylvania State University, main campus at University Park, State College; land-grant and state supported; coeducational; chartered 1855, opened 1859 as Farmers' High School. . "We are grateful for the leadership Emily Liggett provided Capstone during her service as the Interim Chief Executive Officer," Protsch continued. "She provided the stability needed in the Company to permit us to take the time in our 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. search." Ms. Liggett commented, "I'm pleased that the Board has identified such a strong leader for Capstone. In my time with the Company, I've been impressed im·press 1 tr.v. im·pressed, im·press·ing, im·press·es 1. To affect strongly, often favorably: with the tremendous opportunities that lay ahead for Capstone and I believe Mr. Tucker is the right person to take the Company forward." 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 power products utilizing microturbine technology, the result of more than ten years of focused research. Capstone Turbine has sold and shipped more than 2,500 commercial production Capstone MicroTurbine systems to customers worldwide. These award-winning systems have logged more than 4 million hours of operation. 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, with regard to Mr. Tucker's qualities, abilities and leadership, as well as the Company's future opportunities. 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. Such factors include, but are not limited to Capstone's ability to identify, attract, retain and motivate highly skilled management and other factors detailed in the Company's filings with the Securities and Exchange Commission. Capstone cautions readers not to place undue reliance on these statements, which speak only as of the date of this release. Capstone undertakes no obligation, and specifically disclaims any obligation, to release any revisions to any forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events. "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. |
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