Capstone Receives Certificate from the U.S. Department of Commerce for Export Achievement
CHATSWORTH, Calif.--
Capstone Turbine Corporation (www.microturbine.com) (NASDAQ:CPST), the world's leading clean technology manufacturer of microturbine energy systems, today announced that is has received the U.S. Department of Commerce's Export Achievement Certificate for recognition of Capstone's significant exports to global markets and special Congressional recognition from Congressman Henry Waxman.
Mr. Israel Hernandez, Assistant Secretary for Trade Promotion and Director General of the U.S. & Foreign Commercial Service, made the presentations to Mr. Jim Crouse, Executive Vice President, Sales & Marketing, in the presence of the employees of Capstone Turbine Corporation. The presentations were preceded by a tour of the company and its manufacturing facility.
Capstone Turbine Corporation was one of eighteen U.S. companies, led by Assistant Secretary of Commerce David Bohigian, that attended the U.S. Clean-Energy Trade Mission in China and India in January 2008. The mission made stops in Beijing, Guangzhou, and Hong Kong, China as well as Kolkata and Bangalore, India. All participating companies specialized in the renewable energy, energy efficiency, clean coal, and distributed generation sectors.
"This is a significant recognition for our company and we are very pleased and honored by Mr. Hernandez's visit to Capstone", said Jim Crouse. "Moreover, our recent participations in the trade missions to China and India have further made the Federal Government aware of our commitment to clean technologies in emerging markets," added Crouse.
"As we have announced previously, Capstone microturbines are green energy solutions that reduce the amount of fuel consumed, compared with traditional energy solutions, smog-forming NOx, and greenhouse gas emissions," said Darren Jamison, President and CEO of Capstone Turbine Corporation. "We have several successful foreign markets and according to the Export Assistance Center of West Virginia, a branch of the U.S. Department of Commerce, China and India are two huge economies that are planning to increase their renewable energy supplies within the next few years. We are gratified by the importance our government places on green technologies like ours, and we will continue to focus our efforts in distributing our products not only in the United States but also abroad," added Jamison.
About Capstone Turbine
Capstone Turbine Corporation (www.microturbine.com; NASDAQ:CPST) is the world's leading producer of low-emission microturbine systems, and was the first to market commercially viable microturbine energy products. Capstone Turbine has shipped over 4,000 Capstone MicroTurbine(R) systems to customers worldwide. These award-winning systems have logged millions of documented runtime operating hours. Capstone Turbine is a member of the U.S. Environmental Protection Agency's Combined Heat and Power Partnership, which is committed to improving the efficiency of the nation's energy infrastructure and reducing emissions of pollutants and greenhouse gases. A UL-Certified ISO 9001:2000 certified company; Capstone Turbine is headquartered in the Los Angeles area with sales and/or service centers in New York, Mexico City, Milan, Bath, Shanghai 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 new sales opportunities in the United States and abroad and the environmental advantages of our products. Forward-looking statements may be identified by words such as "expects," "objective," "intend," "targeted," "plan" and similar phrases. These forward-looking statements are subject to numerous assumptions, risks and uncertainties described in Capstone's filings with the Securities and Exchange Commission that may cause Capstone's actual results to be materially different from any future results expressed or implied in such statements. Capstone cautions readers not to place undue reliance on these forward-looking 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 after the date of this release or to reflect the occurrence of unanticipated events.
Source: Capstone Turbine Corporation
Released January 24, 2008
