Capstone Turbine Ships its 1,000th Microturbine; One of a ''Six-Pack'' of Capstone MicroTurbines to Power a Brewery.Business Editors CHATSWORTH, Calif.--(BUSINESS WIRE)--Nov. 27, 2000 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 ), a leading manufacturer of microturbine power systems, today shipped its 1,000th unit. The system, with serial number 001000, was shipped this morning following a brief ceremony at the company's 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 headquarters. This natural-gas-powered unit is on its way to Chicago-based utility Peoples Energy Peoples Energy was a holding company whose main revenues came from its regulated gas utility subsidiaries Peoples Gas and North Shore Gas that serve the Chicago area. Its other subsidiaries included Peoples Energy Resources Company, LLC, Peoples Energy Services Corporation, Peoples (NYSE NYSE See: New York Stock Exchange :PGL Persistent generalized lymphadenopathy (PGL) A condition in which HIV continues to produce chronic painless swellings in the lymph nodes during the latency period. Mentioned in: AIDS ), which will install it as one of a six-unit array of Capstone MicroTurbines at the Goose Island Goose Island may refer to: Places in Australia
In New York City, the name is frequently associated with Robert Fulton, who invented a steam boat.
"It's critical that we have the right temperatures at the right times in the brewing and fermentation processes. An outage can impact the quality of our product, and that's something an award-winning beer company like Goose Island cannot tolerate," said John Hall, president of Goose Island Beer Company. "We also like the fact that we will be using Capstone's near-zero-emission power technology that generates electricity far more cleanly than traditional centralized power plants." "The need for reliable electricity is driving new trends in the market," said Peoples Energy president and COO Tom Patrick. "On-site power generation is an emerging sector, and this undertaking places Peoples Energy in the forefront of these developments. With 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 , we now provide an additional service for customers seeking one-stop shopping for their energy needs. Innovative programs like this will help make us the Midwest's energy provider of choice." Earlier this year, Peoples Energy installed a Capstone MicroTurbine at a White Hen Pantry White Hen Pantry (known as White Hen in the midwest) is a Lombard, Illinois-based chain of approximately 261 predominantly franchisee-owned convenience stores located in the greater Chicago and Boston / New England areas. convenience store in Bensenville, Illinois Bensenville is a village located primarily in DuPage County, Illinois, with a small section near O'Hare International Airport in Cook County, Illinois. As of the 2000 census, the village population was 20,703. to provide 30 kilowatts of baseload power generation. The system operates in "stand alone mode" to provide backup power during a grid outage. During a ceremony this morning at Capstone Turbine's Chatsworth headquarters, the company's 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. , Dr. Ake Almgren, speaking to a crowd of employees and media representatives about this milestone and the production of the first Capstone MicroTurbine, which was made almost exactly two years ago, said, "Most importantly, I would like to thank all of you, the people of Capstone Turbine Corporation, who made this day and this great accomplishment possible." Capstone Turbine produced its first two commercial microturbine systems in December 1998. In 1999, it shipped 211 systems and, through the end of September, has shipped another 548 this year. A number of these production units have been used in ongoing research, development and quality control, as well as several models used for trade show and other demonstration purposes, so this shipment is not the company's 1,000th commercial sale. Capstone MicroTurbines are compact power and heat generation systems deployed worldwide in a wide range of applications. Fuel-flexible, UL-Listed Capstone MicroTurbines have a single moving assembly, use no oil or coolants, and can operate on a number of liquid and gaseous fuels. With nitrogen oxide emissions less than 9 parts per million parts per million mg/kg or ml/l; see ppm. , they deliver fossil fuel combustion that is among the cleanest of any non-catalytic systems available. About Peoples Energy Peoples Energy (www.PeoplesEnergy.com; NYSE:PGL) is a diversified energy company comprised of five primary segments: Gas Distribution, Power Generation, Midstream Services, Retail Energy Services, and Oil and Gas Production. The Gas Distribution business serves about 1 million retail customers in Chicago and northeastern Illinois. About Goose Island Beer Company Goose Island Beer Company (www.gooseisland.com) is the Midwest's largest independent brewery. Goose Island sells its award-winning beers as well as a very popular root beer throughout the Midwest. In addition to its Fulton Street Brewery, Goose Island operates two Brewpubs in Chicago. Its India Pale Ale India Pale Ale, otherwise known as an IPA, is a distinct style of beer and is characterized as a sparkling pale ale with a slightly higher level of alcohol and hops that a typical Pale Ale; the hops lending it a distinct bitterness. recently took the gold medal at the Great American Beer Festival The Great American Beer Festival (GABF) is a three-day annual event hosted by the Brewers Association held at the end of September or the beginning of October in Denver, Colorado. 2000, following gold medals at the 1999 and 1997 events for Goose Island's Honker's Ale and Blonde Ale. Goose Island was also recently ranked 45th in Inc. magazine's Inner City 100, which recognizes the 100 fastest-growing businesses in America's urban centers. About Capstone Turbine Corporation Capstone Turbine Corporation (www.microturbine.com; Nasdaq: CPST) is a 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. Worldwide, hundreds of commercial production Capstone MicroTurbine systems serve, among others, the following applications: -- Hybrid electric vehicles (HEVs): onboard generation -- Resource recovery: converting oilfield and biomass waste gases into electricity -- Micro-cogeneration: combined heat/power/chilling solutions -- The 9s market: power quality and reliability This press release contains "forward-looking statements," as that term is used in the federal securities laws, about Capstone's business, including statements regarding expected growth in applications over the next several years. You can find many of these statements by 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. words such as "believes," "expects," anticipates," "estimates," or similar expressions. 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. These risks and uncertainties include those risks, uncertainties and risk factors identified, among other places, under "Risk Factors" in Capstone's registration statement on Form S-1, SEC File No. 333-33024. Capstone cautions you not to place undue reliance on these statements, which speak only as of the date of this release. Capstone undertakes no 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. Note: Event photos are at: http://www.microturbine.com/1000 Note: Press release on the White Hen Pantry installation is at http://www.microturbine.com/whatsNew/peoplesEnergyOnWhiteHen.html |
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