Capstone Turbine Corporation Testifies in Washington Today
CHATSWORTH, Calif., March 16, 2011 (GLOBE NEWSWIRE) -- Capstone Turbine Corporation (www.capstoneturbine.com ) (Nasdaq:CPST), the world's leading clean technology manufacturer of microturbine energy systems was selected to participate on a panel of witnesses to testify before the Subcommittee on Commerce, Manufacturing and Trade in Washington, D.C. today. The hearing is entitled "Made in America: Increasing Jobs through Exports and Trade." Capstone will be represented by Jim Crouse, Capstone's Executive Vice President of Sales and Marketing.
The purpose of the hearing is to examine the Obama Administration's efforts to promote trade and increase export opportunities and to get input from private enterprise about technical and other non-tariff trade barriers, according to a committee memo.
President Obama said in his state-of-the union address last year that his goal is to double exports over the next five years.
Crouse joins Robert Holleyman II, Business Software Alliance President and CEO; Daniel Ikenson, CATO Institute Associate Director for Trade Policy Studies; John Murphy, U.S. Chamber of Commerce Vice President of International Affairs; and Jack Pelton, Chief Executive Officer of Cessna Aircraft.
The Under Secretary of Commerce for International Trade Francisco Sanchez is also scheduled to testify.
"We believe that the key to increasing exports is by strengthening the domestic market for clean and efficient energy technologies. A strong domestic market would enable newer companies like Capstone to increase production capacity that would make us more competitive overseas," said Jim Crouse, Capstone's Executive Vice President of Sales and Marketing."
"Capstone Turbine sees value in adopting long-term energy policy in the United States as a means of not only protecting our environment, but also as a way to decrease reliance on foreign oil while creating American jobs. Simultaneously the Administration and Congress should finalize the pending Free Trade Agreements and initiate new FTAs with critical markets such as Brazil," added Crouse.
About Capstone Turbine Corporation
Capstone Turbine Corporation (www.capstoneturbine.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 5,000 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 9001:2008 and ISO 14001:2004 certified company, Capstone is headquartered in the Los Angeles area with sales and/or service centers in the New York Metro Area, Mexico City, Nottingham, Shanghai and Singapore.
The Capstone Turbine Corporation logo is available at https://www.globenewswire.com/newsroom/prs/?pkgid=6212
This press release contains "forward-looking statements," as that term is used in the federal securities laws, about lower operational cost, additional reliability, compliance with certain air quality regulations, increased demand for our products and opportunities in the oil and gas sector. 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.
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CONTACT: Capstone Turbine Corp. Investor and investment media inquiries: firstname.lastname@example.org 818-407-3628
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Released March 16, 2011