Capstone Turbine Names Noam Lotan to Board of Directors.CHATSWORTH, Calif. -- Noam Lotan, President, 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 Director of MRV Communications OverviewMRV NASDAQ: MRVC is a company that designs, manufactures, sells, distributes, integrates and supports communication equipment and services, and optical components. , Inc., 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 Noam join the board of Capstone," said Eliot Protsch, Chairman of Capstone. "Noam's experience growing a business from its founding in 1988 to nearly $300 million in revenues in 2004 will provide some valuable insights for Capstone. He has faced many of the same challenges Capstone is addressing, such as developing full solutions for customers, including service offerings, and lowering costs through global supply chain management." Mr. Lotan's career began in sales and marketing with Hewlett-Packard. He joined Fibronics International, Inc., a manufacturer of fiber optic communications networks in 1987. In 1990, Noam joined the newly founded MRV Communications as its President. He also served as its CFO See Chief Financial Officer. from 1993 through 1995. The stock of MRV Communications is traded on NASDAQ. "I'm honored to have been asked to join the board of Capstone," said Mr. Lotan. "As an electrical engineer by training, I am impressed with the Capstone products. As a businessman, I can see the tremendous potential for microturbines in today's world. I look forward to working with the board and the company's management to grow Capstone and build value for our shareholders." About Capstone Turbine Capstone Turbine Corporation(R) (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 shipped more than 3,000 Capstone MicroTurbine(R) systems to customers worldwide. These award-winning systems have logged more than 9 million hours of documented operation. An ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9001:2000 certified company, Capstone Turbine is headquartered in the Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. area with sales and/or service centers in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Milan and Tokyo. "Capstone Turbine Corporation" and "Capstone MicroTurbine" are registered trademarks of Capstone Turbine Corporation. All other trademarks mentioned are the property of their respective owners. This press release contains "forward-looking statements," as that term is used in the federal securities laws, about Capstone's business, with regard to, among other items, expectations of Capstone's growth. Forward-looking statements may be identified by words such as "expect," "believe" and similar phrases. These statements are subject to numerous assumptions, risks and uncertainties that may cause Capstone's actual results to be materially different. These statements speak only as of the date of this release. Capstone disclaims any obligation to revise these statements hereafter. |
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