Capstone Turbine To Display MicroTurbine Systems, Production Facilities in Dedication of New San Fernando Valley Headquarters.Business Editors CHATSWORTH, Calif.--(BUSINESS WIRE)--Sept. 5, 2000 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. Mayor Riordan to Address Need for 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 , and Hybrid Electric Vehicles Powered by Capstone MicroTurbines(TM) 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 ) on Thursday will showcase seven operational microturbine power systems and two microturbine-energized hybrid electric buses as part of the dedication ceremony of its new 100,000 sq. ft. facility here. Los Angeles Mayor Richard Riordan Richard J. Riordan (born May 1, 1930) is a Republican politician from California, U.S. who served as the California Secretary of Education from 2003–2005 and as Mayor of Los Angeles from 1993–2001. Riordan ran for Governor of California unsuccessfully in 2002. will address the need for distributed generation technology, and Dr. Ake Almgren, president and chief executive officer of Capstone Turbine will discuss specifics of microturbine technology. David Freeman, general manager of the Los Angeles Department of Water and Power The Los Angeles Department of Water and Power (LADWP) is the largest municipal utility in the United States, serving 3.9 million residents in 2006. It was founded in 1902 to deliver water and electricity supplies to residents and businesses in Los Angeles. (LADWP LADWP Los Angeles Department of Water and Power ), and Hal Bernson Hal Bernson served as Los Angeles City Councilman for the 12th district. He was chair of the Transportation Committee. Prior to being on the City Council, he served in the Navy. Preceded by Robert M. of the Los Angeles City Council's 12th District also will attend. Other invited guests include Ivy Weiss, chief executive officer, Chatsworth Chamber of Commerce, Stephen Frank, president of Southern California Edison Southern California Edison (or SCE Corp), the largest subsidiary of Edison International (NYSE: EIX), is the primary electricity supply company for much of Southern California. It provides 11 million people with electricity. , Kevin O'Connell Kevin O'Connell may refer to
"We are pleased that Capstone Turbine Corporation has decided to consolidate its company in one location in Los Angeles," Riordan said. "Capstone is an innovator and on the cutting edge of microturbine technology. The company is leading the way for the next generation of microturbine power distribution for small businesses in Los Angeles." Tours of the manufacturing facility, where the company will have the capacity to produce up to 20,000 Capstone MicroTurbine systems per year, will be provided, and guests will be able to take a spin in the microturbine-powered Los Angeles Department of Transportation (LADOT LADOT Los Angeles Department of Transportation ) bus and a turbine-electric trolley bus made by the Downey-based E-Bus manufacturer. "Seven stationary Capstone MicroTurbines currently power parts of our new facility, including our data center," Almgren said. "And the microturbine-energized private and LADOT city-transit buses are outstanding examples of our leadership in ultra-low-emission transportation applications. These are just two of many applications that are proving Capstone MicroTurbines to be today's best value for clean, reliable, onsite power generation." The Capstone MicroTurbine is a versatile power and heat generation product for a wide range of applications, including: hybrid electric vehicles, in which an onboard microturbine extends range and lowers costs; resource recovery, in which the microturbine uses waste gases to generate onsite electricity; stationary power generation in which the microturbine supplements power obtained from the electric grid or provides stand-alone power; and combined heat and power, in which the microturbine's hot, clean exhaust is used for air and water heating, boiler supplementation, absorption cooling, dehumidification, and other industrial heat needs. Fuel-flexible, UL-Listed Capstone MicroTurbines have a single moving part, use no oil or lubricants, and have NOx emissions below 9 parts per million parts per million mg/kg or ml/l; see ppm. . 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 and more than 30 patents. 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 9's 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. Note: Photos available at: http://www.microturbine.com/whatsnew |
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