Capstone Turbine Names Koyama Senior VP of Sales, Marketing; Willis Senior VP of Engineering.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)--July 18, 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 Hal Koyama has been advanced to the position of Senior Vice-President vice president or vice-pres·i·dent n. Abbr. VP 1. An officer ranking next below a president, usually empowered to assume the president's duties under conditions such as absence, illness, or death. 2. of Sales & Marketing, and Dr. Jeff Willis Wil·lis , Thomas 1621-1675. English anatomist and physician known for his studies of the nervous system and the brain. He discovered the circle of Willis at the base of the brain. has been promoted to the position of Senior Vice-President of Engineering. Capstone announced these promotions as a result of its recent internal realignment re·a·lign tr.v. re·a·ligned, re·a·lign·ing, re·a·ligns 1. To put back into proper order or alignment. 2. To make new groupings of or working arrangements between. announced July 3. "These appointments are part of our realignment structure to streamline our five functional areas: sales and marketing, engineering, quality and customer service, operations and administration," 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 Corporation. The promotions of Koyama and Willis address the first two functional areas. The other three, respectively, are administered by Vice-President of Quality Development and Customer Service David McShane, Senior Vice President of Operations and Supply Daniel Callahan, and Almgren who heads the company's administration. There were no title changes among the latter. Commenting further on the two promotions, Almgren added, "Hal's a natural choice to lead our sales and marketing efforts. His new position expands his role from the head of US sales to encompass worldwide sales, and brings in marketing, a function Hal previously led in the company. Jeff's background in the company has given him visibility to the full range of our engineering efforts. With his technical knowledge and business acumen acumen Astuteness, perception, perspicacity , we expect he will bring tighter synergies among the engineering efforts of our Power Electronics engineering personnel and our Engine and Mechanical Systems engineering staff." Description briefs of these management personnel are on the Management Team listing of the Investor Relations Investor relations The process by which the corporation communicates with its investors. page of the company's website at www.microturbine.com. About Capstone Turbine Capstone Turbine Corporation (www.microturbine.com) (Nasdaq:CPST) is the world's leading producer of very-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 2,000 commercial production Capstone MicroTurbine systems to customers worldwide. These award-winning systems have logged more than 1.5 million hours of operation serving, 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/drying solutions -- The 9s market: power security, 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 management abilities and the Company's expectations of a more effective organization. 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: 1) Capstone's dependence on its management and key employees; 2) the ability of Capstone to successfully execute its production and marketing programs; 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 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 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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