Cinergy Places $1.5M Order with Capstone Turbine; Energy Company Plans to Deploy Capstone MicroTurbines Throughout Midwest Region.Business Editors/Energy & Environment Writers CHATSWORTH, Calif.--(BUSINESS WIRE)--Aug. 21, 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 ) announced a 52-unit order for its microturbine power systems from Cincinnati-based Cinergy Corp. (NYSE NYSE See: New York Stock Exchange :CIN CIN cervical intraepithelial neoplasia. Cervical intraepithelial neoplasia (CIN) A term used to categorize degrees of dysplasia arising in the epithelium, or outer layer, of the cervix. ), one of the leading diversified energy companies in the U.S. The order is part of Cinergy's new distribution agreement as one of Capstone Turbine's major U.S. energy service providers. "The Capstone MicroTurbine is a major development in ultra-low-emission, ultra-low-maintenance power generation. These systems are about the size of a large refrigerator and are intended to have virtually the same set-it-and-forget operation profile," said James E. Rogers, Vice-Chairman, President and Chief Executive Officer of Cinergy. "Our short-term plans are to deploy these systems using crafted energy solution programs for customers that have an immediate need for small capacity additions, high power quality and high reliability," Rogers said. "We expect, in time, distributed resources like the Capstone MicroTurbine will reduce peak-demand strain on the electric grid." "Cinergy has shown great leadership in forward-thinking, global approaches to power generation and delivery," 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. "Their management has made it clear that they perceive the Capstone MicroTurbine to be the best value today for reliable, low-emission onsite power generation and, frankly, we agree." About Cinergy Corp. Based in Cincinnati, Cinergy Corp. (www.cinergy.com) is one of the leading diversified energy companies in the U.S. Its largest operating companies operating company A business that engages in transactions with outsiders. -- The Cincinnati Gas & Electric Company and PSI Energy Inc. -- serve more than 1.4 million electric customers and 478,000 gas customers in a 25,000-square-mile service territory encompassing portions of Indiana, Ohio and Kentucky. The company's international business unit, Cinergy Global Resources, has assets in power generation, transmission and distribution projects in the Czech Republic Czech Republic, Czech Česká Republika (2005 est. pop. 10,241,000), republic, 29,677 sq mi (78,864 sq km), central Europe. It is bordered by Slovakia on the east, Austria on the south, Germany on the west, and Poland on the north. , Spain, the United Kingdom, Zambia, Estonia and the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Cinergy is active in U.S. and European gas and electricity markets. About Capstone Turbine Corporation Capstone Turbine Corporation (www.microturbine.com) 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 A hybrid electric vehicle (HEV) is a vehicle which combines a conventional propulsion system with an on-board rechargeable energy storage system (RESS) to achieve better fuel economy than a conventional vehicle without being hampered by range from a charging unit like an (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 news 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, 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/download1.asp |
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